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Direct tax code

19 Aug 2019

Task force on DTC to replace existing IT Act to submit its report today

In order to review the Income-tax Act, 1961 and to draft a new direct tax law in consonance with the economic needs of the country, a Task Force was constituted by the Government in November, 2017.

Direct tax code

19 Aug 2019

Experts' hope high from direct tax code

The Modi government in its previous term had set up an Expert Committee in 2017 to draft a new Direct Tax Code (DTC) to replace the decades-old Income Tax Act, 1961.

09 Feb 2018

Arun Jaitley hits out at Chidambaram, says economy was in hands of a ‘terrible doctor’ under UPA govt

He said that the country was named in the fragile five economies in the world when P Chidambaram was the finance minister.

06 Dec 2017

Decoding the direct tax law –Several lessons learnt from GST

In an interview to Zee Media Digital, Chetan Chandak, Head of Tax research, H&R Block India shares his view on Direct Taxes, its impact and implications of overhauling it.

Jurisdiction-free tax assessment

17 Sep 2017

Jurisdiction-free I-T assessment on the cards

The tax department is working on a major reform initiative to make compliance taxpayer friendly and a 13- member committee of tax officers has been formed to look into implementation issues, the official said.

05 Mar 2015

GST will transform India's fiscal architecture: Jayant Sinha

The GST roll out will prove to be a revolutionary step and has potential to transform the "fiscal architecture" of the government, Minister of State for Finance Jayant Sinha said today.

05 Mar 2015

Govt optimistic about GST roll out from April 2016: Rev Secy

The government is confident of rolling out the much-awaited Goods and Services Tax (GST), which aims at creating a single tax for goods and services across the country, from April 1, 2016, a top finance ministry official said.

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