Direct Tax Code set to replace existing Income Tax Act of 1961, Task Force to submit report today
In order to review the Income-tax Act, 1961 and to draft a new direct tax law in consonance with the economic needs of the country, a Task Force was constituted by the Government in November, 2017.
Aug 19, 2019, 13:30 PM IST
Experts' hope high from direct tax code
The Modi government in its previous term had set up an Expert Committee in 2017 to draft a new Direct Tax Code (DTC) to replace the decades-old Income Tax Act, 1961.
Aug 19, 2019, 12:28 PM IST
Arun Jaitley hits out at Chidambaram, says economy was in hands of a ‘terrible doctor’ under UPA govt
He said that the country was named in the fragile five economies in the world when P Chidambaram was the finance minister.
Feb 09, 2018, 22:43 PM IST
Decoding the direct tax law –Several lessons learnt from GST
In an interview to Zee Media Digital, Chetan Chandak, Head of Tax research, H&R Block India shares his view on Direct Taxes, its impact and implications of overhauling it.
Dec 05, 2017, 14:05 PM IST
Jurisdiction-free I-T assessment on the cards
The tax department is working on a major reform initiative to make compliance taxpayer friendly and a 13- member committee of tax officers has been formed to look into implementation issues, the official said.
Sep 17, 2017, 15:44 PM IST
GST will transform India's fiscal architecture: Jayant Sinha
The GST roll out will prove to be a revolutionary step and has potential to transform the "fiscal architecture" of the government, Minister of State for Finance Jayant Sinha said today.
Mar 05, 2015, 17:26 PM IST
Govt optimistic about GST roll out from April 2016: Rev Secy
The government is confident of rolling out the much-awaited Goods and Services Tax (GST), which aims at creating a single tax for goods and services across the country, from April 1, 2016, a top finance ministry official said.
Mar 05, 2015, 16:17 PM IST
