Page 5 - Latest Updates on Direct Tax
Indirect tax: Few but well-justified changes in Budget 2020
Customs duties and exemptions need to be streamlined
 "Indirect tax: Few but well-justified changes in Budget 2020")
Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy
The Centre's commitment to reduce harassment of a sound taxpayer reaffirmed
 "Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy")
Budget 2020: 'Vivad se Vishwas' scheme to cut down direct tax litigation
Under the proposed scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by March 31, 2020.
 "Budget 2020: 'Vivad se Vishwas' scheme to cut down direct tax litigation")
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
Budget wishlist: Insurance industry expecting more tax incentives
Life Insurance Council has sought a separate deduction in personal taxes or an increase in the present limit for the premium paid for individual life policies
 "Budget wishlist: Insurance industry expecting more tax incentives")
Top 10 biz headlines: Direct tax immunity likely in Budget, farm write-offs
From final touches to takeover norms for unlisted firms to Vistara junks premium class on low income routes, Business Standard brings you the top business headlines of the day
 "Top 10 biz headlines: Direct tax immunity likely in Budget, farm write-offs")
Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October
A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts
 "Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October")
Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more
From Direct tax code panel seeking 4 slabs to RBI rejecting Sebi's plan for rating agencies, here are the top business headlines on Tuesday
 "Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more")
Govt reworking strategy to enhance direct tax mop-up: CBDT member
CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher - compared to international standards - and must be reduced
 "Govt reworking strategy to enhance direct tax mop-up: CBDT member")
Direct Tax Code may help bring change in mindset of taxpayers, authorities
The Direct Tax Code may help initiate the much-needed change in the mindset of taxpayers and authorities, say experts
Enhanced limits to reduce pending direct tax litigation in one stroke
The CBDT circular has come at an appropriate time. It will provide much needed respite to business entities and taxpayers
 "Enhanced limits to reduce pending direct tax litigation in one stroke")
Direct tax collection sees dismal growth; mid-August mop-up growth under 5%
The collections had shot up that year because people regularised their unaccounted income by paying higher levies
 "Direct tax collection sees dismal growth; mid-August mop-up growth under 5%")
Committee submits report on replacing I-T Act with Direct Tax Code
The recommendations made by task force headed by CBDT member Akhilesh Ranjan have not been made public.
 "Committee submits report on replacing I-T Act with Direct Tax Code")
Budget impact: Direct tax proposals are futuristic and far reaching
Tax exemption on withdrawal from NPS at the time of closure or opting out will be enhanced from 40% to 60%
 "Budget impact: Direct tax proposals are futuristic and far reaching")
Budget 2019: India Inc grim over customs, direct tax surcharge uptick
Industry captains, experts at CII, FICCI praise some measures; say government could have done much more
 "Budget 2019: India Inc grim over customs, direct tax surcharge uptick")
Direct tax mop-up reaches Rs 11.5 trn against revised target of Rs 12 trn
The collection figures are expected to go up as the tax collection continues till midnight, said a government official in the know
 "Direct tax mop-up reaches Rs 11.5 trn against revised target of Rs 12 trn")
Govt faces direct tax mop-up shortfall, collects Rs 4 trn as advance tax
RS 4 trillion collected in advance tax; SBI, ONGC, PNB top the list
 "Govt faces direct tax mop-up shortfall, collects Rs 4 trn as advance tax")
DTC panel is likely to get one more month to draft the law, says official
The panel is likely to recommend a structure of rates for corporate taxes that is competitive across the south Asian economic region
 "DTC panel is likely to get one more month to draft the law, says official")
Direct tax mop-up at Rs 7.88 trillion in April-Jan: Govt informs House
The collection had stood at Rs 4.69 trillion in the entire 2017-18
 "Direct tax mop-up at Rs 7.88 trillion in April-Jan: Govt informs House")
Direct taxes to exceed target of Rs 11.5 trillion in 2018-19: CBDT chairman
In 2017-18, the revised estimate was higher than the Budget Estimate by 2.6%
 "Direct taxes to exceed target of Rs 11.5 trillion in 2018-19: CBDT chairman")
