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Direct tax News
We understand the harmful effect of subsidies: R Gopalan In a post-budget media conference the budget-making team of finance minister Pranab Mukherjee tried to decode the budget. The officials included finance secretary R S Gujral, chief economic advisor Kaushik Basu, economic affairs secretary R Gopalan, expenditure secretary Sumit Bose, financial services secretary D K Mittal, disinvestment secretary M H Khan, Central Board of Excise and Customs (CBEC)
Fiscal deficit pegged at 5.1% of GDP
Parliamentary panel on DTC suggests wider income-tax slab
A Parliamentary panel has recommended the income tax (I-T) exemption limit be raised to Rs 3 lakh a year in its report on the Direct Taxes Code Bill, against Rs 180,000 at present. Raising hopes of
FM must push for next generation reforms: industry
A majority of industries in Karnataka have urged the Finance Minister to deliver the much-awaited second generation of reforms as the next budgets are going to be election budgets.
Tax authorities claim to recover Rs 60 cr from accounts
Tax authorities here who have attached various bank accounts of Kingfisher Airlines claim they have recovered nearly Rs 60 crore. The airline has not been able to deposit the TDS (tax deducted at
Lok Pal discussion sets the tone for a stormy session
Separate agendas of the government and the Opposition have set the tone for the Budget session. |
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