Chances of the Direct Taxes Code (DTC) becoming a reality appear bleak. Though the first draft was floated for public discussion five years ago, a decision is yet to be taken. Officials in the Central Board of Direct Taxes (CBDT) do not seem ... Business Standard India, 1 month ago
NEW DELHI: The tax office has mandated companies to furnish a host of details about transactions in immovable property at more or less than market price, share transactions and noncompliance with tax deduction at source rules, along with their ...Economic Times, 1 month ago
The finance ministry is considering an amendment to the Finance Bill, 2014, to sort out the issue of retrospectivity in the Budget proposal to double the rate of long-term capital gains tax on debt mutual funds -- from 10 per cent to 20 per cent. “We are considering requests in this regard. These will be settled through an amendment to the Finance Bill,” Central Board of Direct Taxes Chairman R K Tewari told Business Standard. While the finance ministry had made it clear the higher ...Rediff.com, 2 months ago
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