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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 committee on

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Dud cheques in revival mode

The Supreme Court last week ruled that cases of bounced cheque are independent of the revival bid of a sick company. Proceedings in bounced cheque cases under the Negotiable Instruments Act will

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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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Strike contiues at RIL`s Naroda unit, police detains three workers

Agitating workers at the textile division of Reliance Industries Ltd (RIL) at Naroda in Ahmedabad on Friday continued their strike for the third day demanding higher wages. The company, however,

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