#Direct Tax Code
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311 articlesIncome Tax

Income Tax
What we can expect from budget and what we should not?
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Insurance receipts and other savings plans post Direct Tax Code (EEE model to EET) and FAQ
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Life insurers demanded EEE method instead of EET in DTC, allow to carry forward loss for 12 years and service tax exemption
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DTC not expected to be presented in upcoming budget
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SEZ may continue enjoying tax benefit in upcoming budget and in proposed DTC
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GJF opposed provisions related to stock seizure, MAT and TDS on payment for gold, diamonds, jewellery etc provided in new DTC
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Change in DTC likely, to remove inconsistency with IFRS
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DTC may increases the tax burden of middle-class and may penalise long term investor
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Direct tax code lack the focus on development
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Tax Gurus failed to find Potholes in Wealth Tax under DTC
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New Direct Taxes Code (DTC) likely from April 2011
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Government may introduce DTC in the forthcoming budget session
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Consultation on DTC over, new structure may be finalised soon
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