Direct Taxes Code
In the Budget 2014-15, presented by Finance Minister Arun Jaitley on Thursday, income tax rates remain unchanged; while a proposal for reviving the revised Direct Taxes Code (DTC) will be considered by the government after taking into account the comments of stakeholders. With the promise that no tax changes will be brought on with retrospective [...] Continue Reading »
This was much awaited, which the outgoing government couldn’t help with but the incoming government plans to spread its wings and spearhead the action. The BJP government lead by Narendra Modi is now ready to flush the old and bring in the new, and these would be steps that do not need approvals from anyone [...] Continue Reading »
More than 50 Special Economic Zones (SEZ) developers, including Dr Reddy’s Laboratories, Vedanta Aluminium and Tata Consultancy Services have asked the government to grant them some more time to implement their projects. The requests are to be considered by the Board of Approval (BoA), headed by Commerce Secretary Rajeev Kher, on March 10. Other developers seeking additional [...] Continue Reading »
