After the Cabinet approved the Direct Taxes Code Bill, Finance Minister Pranab Mukherjee had yesterday said the corporate tax rate is sought to be retained at the present level of 30 per cent, but there will not be any surcharge or cesses on it.
Minister of State for Home Affairs R P N Singh travelled incognito on a bus from Dhaula Kuan to Chhattarpur. He tells Gyan Varma that he now agrees with the people that they feel unsafe on Delhi roads.
After driving autorickshaws and BMWs, Telangana native Vankadarath Saritha has become the first woman to hit the Delhi roads as a DTC driver.
The Delhi traffic police advised commuters to avoid waterlogged streets.
The drivers are on strike to protest the death of their colleague, who died in a road rage incident
Finance Minister P Chidambaram on Monday said he is reviewing the Direct Taxes Code (DTC) Bill and it will be introduced in Parliament after taking into account the recommendations of the Parliamentary panel.
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
Bharatiya Janata Party MLAs will continue their overnight protest at the Delhi assembly for the second consecutive day on Tuesday to demand the sacking of Aam Aadmi Party ministers over alleged corruption charges.
A total of 22 FIRs have been registered regarding the violence in which over 300 police personnel were injured.
Proposals involving Himachal Pradesh and Uttar Pradesh were being pursued since 2019.
Taking to Twitter, Sisodia said that out of the 2,361 people, 617 have been admitted to hospitals while the rest quarantined.
Finance Minister Pranab Mukherjee on Thursday said the government would introduce the Direct Taxes Code (DTC) Bill that will simplify direct tax laws, in the monsoon session of Parliament beginning July 26.
The Delhi government has ordered DTC and cluster buses, metro and hospitals to be disinfected on a regular basis as a precautionary measure to deal with the novel coronavirus.
He said stringent curbs have been put in place as part of the Graded Response Action Plan for COVID-19 to check the spread of the infection and the Delhi Disaster Management Authority (DDMA) will decide on implementing more restrictions.
Tata Motors on Wednesday expanded its electric vehicle range in the country with the launch of Nexon EV MAX, priced between Rs 17.74-19.24 lakh (ex-showroom). Equipped with a 40.5 kWh lithium-ion battery pack, the Nexon EV Max offers 33 per cent higher battery capacity than the Nexon EV, delivering ARAI certified range of 437 km (under standard testing conditions), ensuring uninterrupted inter-city travel. ARAI refers to Automotive Research Association of India. The model produces 105 kW (143 PS) of power and delivers a torque of 250 Nm, resulting in 0 to 100 sprint times in under 9 seconds.
Encourage domestic savings by providing tax incentives for investment in insurance and pension schemes.
But, govt plans to bring some provisions that can't wait.
Financial and tax expert Anil Rego of Right Horizons has his doubts.
The bus service was first started in February 1999 but suspended after the 2001 Parliament attack. It was restarted in July 2003.
Reduction in corporate tax rate: In view of the fact that the present Budget is expected to be intermediate in nature, insofar as it would pave the way forward for DTC, it will be commendable if CTR in FY 2012-13 is brought down at least to match the proposed rate of flat 30 per cent in the DTC.
Taxable assets have been defined to include deposits in banks outside India.
EEE continues for PF, life insurance and NPS; capital gains from stocks, equity funds may become a part of ordinary income.
The government on Thursday said it may not be possible to roll out the Goods and Services Tax (GST) from April next year, as the proposal needs consent from all the states. "...the (GST) legislation cannot be voted upon until the ratification is completed...there may be problem on the time factor (April 1, 2012)," Revenue Secretary Sunil Mitra said at a CII post-Budget conference.
Electric power is the key input required for manufacture of caustic soda and accounts for almost 60% of the total cost of production.
Amidst sweeping changes expected in the customs and excise duties, the entire industry was glossed over by the Union Budget 2011-12.
Despite deregulation of petrol prices and a hike in retail prices of other regulated fuels in June 2010, oil marketing companies continue to incur.
The Direct Tax Code recently been proposed by the Government of India, will bring about a change in the whole taxation system of the country. But how will it impact tax savers?
Tuesday was the last day of filing of nominations for February 8 Delhi Assembly polls, results of which will be declared on February 11. The AAP held the BJP responsible for the delay, a charge dismissed as 'drama' by the saffron party.
Taxpayers may get relief in terms of tax rates in the proposed Direct Taxes Code (DTC), which is likely to replace the 50-year-old Income Tax Act from the next fiscal, a key official indicated on Friday.
Senior officials in the ministry told Business Standard the rate of taxation would remain the same in the final version of DTC.
Finance Minister Pranab Mukherjee said the government will take a view on new tax slabs after receiving inputs from different stakeholders on the revised draft of the Direct Taxes Code.
Ernst & Young on how the Budget 2010 will affect individuals and businesses.
The government hopes to implement direct tax code from April 2011.
The model is loaded with various safety features including six air bags, anti-lock braking system with brake assist, dynamic stability control, including dynamic traction control, cornering brake control, among others.
Kia has entered the Indian market at a time when the domestic automotive industry is facing the worst slowdown in more than two decades.
No improvement in the air quality in Delhi-NCR is expected for another three days, authorities said on Monday, as the Supreme Court directed the Centre to call an emergency meeting to decide on measures like stopping non-essential constructions, transport and power plants by Tuesday evening.
Years of wait before DTC, GST are rolled out
Gitanjali gems successfully completed its take over of Nakshatra Diamonds. Gitanjali now plans to make it a jewellery and lifestyle brand.
With election campaigning by political parties ending in the next two days, the Election Commission has directed all multiplexes and theatres in the city to play its theme song on to motivate the voters ahead of the polls.
The challenge is to convince productive sectors that a lower general rate would benefit all and remove the prevalent system of favours targeted towards narrow industry and service sector groups.
