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House panel to suggest wider personal I-T slabs
A Parliamentary panel is set to recommend sweeping changes to the personal income tax slabs proposed by the Direct Taxes Code (DTC) Bill. A draft report prepared by the standing committee on finance suggests increasing the exemption limit to Rs 3 lakh, against Rs 2 lakh proposed by the bill. The committee, chaired by Bharatiya Janata Party leader and former finance minister Yashwant Sinha, wanted annual

Mixed views on Shome's tax proposals

A slew of recommendations for major changes in the country’s tax administration system, made by eminent economist Parthasarathi Shome in his latest book, evoked divergent views from experts

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Parliament panel moots wider slabs for personal income tax

A parliamentary panel is set to recommend sweeping changes in personal income tax slabs proposed in the Direct Taxes Code (DTC) Bill. A draft report prepared by Parliament’s standing

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Muslim religious bodies oppose DTC bill

Muslim religious organisations are up in arms against the Direct Taxes Code (DTC) Bill, alleging the UPA government wanted to "tax the house of god – temple, church, masjids and imambaras". At a

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Need for business certainty: Crucial takeaway from SC

The Indian tax and corporate advisory ecosystem is in a flurry of intense activity. The Supreme Court has decisively and emphatically rejected the claim of the income-tax department that a transfer

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Uday Ved: Taxing messages from the Vodafone verdict

India has been experiencing a perceptible decline in foreign investment flows that, in turn, has impacted its overall GDP growth rate. The decline may be attributed to diverse factors, but many

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