#Direct Tax Code
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311 articlesIncome Tax

Income Tax
New Tax Code – Favouring the Millionaires and Bullying the Others
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New direct tax code for salaried persons
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New Direct Tax code and the investors
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New Tax Code and Corporate Taxation
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Critical Areas on Direct Tax Code for Detailed Examination Identified: FM
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Oil & gas service providers not been provided benefit of presumptive taxation in DTC
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Income Tax
Government considering a proposal to raise the tax exemption limit for transport allowance to Rs 3,200 a month from Rs 800
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IT dept not happy with stripping of CBDT power to issue certain orders, instructions, directions and circulars in DTC
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Ministry defends MAT based on gross assets on the ground of efficiency and equity
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Implications of the draft code
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Income Tax
DTC propose to tax LTA, Medical Reimbursement, payment, commuted pension and retirement gratuities and benefit and perquisites
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Income Tax
DTC will not provide deduction for donation to relegious trust and may tax NGOs
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Direct Tax code may bring ULIP & Life Insurance Plan under tax net
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Income Tax
