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DTC to come into force from next fiscal, says Pranab
Finance Minister Pranab Mukherjee today expressed the hope that the Direct Taxes Code (DTC), which seeks to modernise tax laws in the country, will come into force from April 1, 2012. "The proposed Direct Taxes Code brings together the policy initiatives on direct taxes. It is slated to come into force from the next financial year," he said while addressing an international conference on 'Tax and

Rohit Kumar & C V Madhukar: Days of disruption, sessions of despair
This Lok Sabha has worked less than any other in recent history — with enormous costs to the economy. Systemic reform is needed.

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Ficci suggests peak I-T rate to kick in Rs 12L/year

As the Indian economic growth slowed to a nine-quarter low of 6.9 per cent in the second quarter of this financial year, Ficci has urged the finance ministry to provide more disposable income at the

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Bank FDs: When less is more

Only investments made before the Direct Tax Code will enjoy tax advantage on maturity amount. Reserve Bank of India's (RBI) pause on the rate hike front has been a welcome move. But, if interest rates

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House panel seeks progress on direct tax provisions

The Parliamentary Standing Committee on Finance has sought the finance ministry’s response on the suggestions of both stakeholders and the panel in a tabular format on the Direct Taxes Code

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Tax pacts not blocking black money offenders, says govt

As the government draws flak for allegedly not taking forward black money cases under the garb of bilateral treaty clauses, the finance ministry today made it clear that these tax agreements do not

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