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Created by dipity on Aug 11, 2009
Last updated: 01/28/12 at 06:14 PM
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...Delhi : The long-awaited Direct Tax Code (DTC) that seeks to simplify tax laws by lowering the tax rates and bringing more people and firms within the tax net is slated to come into force from the next financial year, beginning Apr 1, 2012, Finance Minister...
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HillPost.in
http://hillpost.in/2011/12/07/direct-tax-code-to-come-into-force-from-april-2012-pranab/37216/news-2/hp_news_network
The Federal tax code is an overgrown monster. A dorky, mechanical monster held together with a bunch of tattered red tape and driven around by squirrely bureaucrats. The scary part is that we've been slaves to something this ridiculous as long as we have. What would happen if we 'scrapped' all 82000 pages of the current tax code, and started over? For far too long, we've been the hapless victims of a monstrously dysfunctional tax code. Find out how Herman Cain's "9-9-9 Plan" can slay the Tax Monster!
www.foxnews.com Rick Perry is proposing letting Americans choose between their existing income tax rate or a new flat tax of 20 percent, part of a tax and spending reform plan that the Republican presidential candidate is dubbing "Cut, Balance and Grow." "The goal of my 'Cut, Balance and Grow' plan is to unleash job creation, address the current economic crisis, while at the same time generating a stable source of revenue to address our record deficit and put our fiscal house in order," Perry, the governor of Texas, said at an event Tuesday in South Carolina. RELATED STORIES Obama Mingles With the Stars as He Raises Cash Republicans Go Big With New Tax Structures, but Status Quo Could Stifle Simplicity Full-Time Employment: A Thing of the Past? Related Video Candidates Corner: Who's on Top After GOP Debate? Which GOP candidate is leading the pack? Perry said people taking up the flat tax can scrap the current code, and it would lower and simplify tax rates to the point that Americans could file their tax returns on a post card, which he pulled out as he spoke.
Former Federal Reserve Chairman, Herman Cain STEALS 999 Plan from The SIM CITY Game !!!!! haha
In recent years it has become increasingly important for UK tax advisors to appreciate and understand the impact of EU law on the UK tax code. Although the Court of Justice of the European Union has consistently held that Member States must exercise their competence in relation to tax jurisdiction in a way which is consistent with EU law, and in particular the freedoms of movement set out in the EU treaties, it is not always obvious how this is to be applied in practice. Rory Mullan and Harriet Brown are barristers practising at Tax Chambers, 15 Old Square, Lincoln's Inn London (www.taxchambers.com). They advise on all areas of direct tax including for individuals, trusts and companies. Buy this book online from www.khpplc.co.uk
More from the Morning Line: to.pbs.org In a speech in the White House Rose Garden on Monday morning, President Obama detailed his plan for deficit reduction.
Video made by us as a part of course - Business Government and Society, Term I, IIM Bangalore
This is a skit done by PGP1 students of IIM Bangalore on Direct Tax Code, its clauses and implications. This was done as a part of assignment of Business, Government and Society course.
Sunil Mitra, finance secretary says the Direct Tax Code (DTC) will be implemented from April next year and no major changes are expected in its format.
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On Monday, February 28, the Finance Minister Pranab Mukherjee presented the Union budget for the financial year 2011-12 in the Lok Sabha. In an interview with Rainmaker's Aju John, Pallavi Bakhru, National Tax Partner with Walter, Chandiok & Co. said that the Budget reflected the understanding that with greater growth, there would need to be more responsibility. Divya Baweja, a Tax Partner with Walter Chandiok & Co. said that several elements in the Budget are bringing tax structures in line with the proposals contained in the draft Direct Tax Code ("the Code").
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...individuals and households. Mr. Sabat gave a detailed perspective regarding the changes that are going to come up in the direct tax code in recent times, while Mr. Padhy elaborated direct taxes in relation to business houses and professionals. But all of them...
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The Hindu
http://www.hindu.com/2011/02/12/stories/2011021260590200.htm
DECEPTION - IRS Exposed by Aaron Russo (copy). . Please suport this film, donate here: www.freedomtofascism.com . . Neither left-wing nor right-wing biassed, this startling examination exposes the systematic erosion of civil liberties in America. * Thanks to DemandAnswers, who wrote Aaron Russo talks with former Chief Counsel and IRS Commissioner Sheldon Cohen. Mr Cohen also is the AUTHOR of the TAX CODE! You WILL NOT believe what you hear! The US government doesn't want you know know this! Article XVI which gives the congress the 'power' to have a federal income tax, was found to be UNCONSTITUTIONAL by the Supreme Court! How congress can ratify anything found UNCONSTITUTIONAL is BEYOND me! www.claremont.org . The Supreme Court declared it unconstitutional in 1895. Referring to the explicit prohibition against direct taxation in Article I, the court argued that the income tax would excessively enhance federal power in relation to state power. www.usconstitution.net . In 1895, in the Supreme Court case of Pollock v Farmer's Loan and Trust (157 US 429), the Court disallowed a federal income tax. The tax was designed to be an indirect tax, which would mean that states need not contribute portions of a whole relative to its census figures. The Court, however, ruled that the income tax was a direct tax and subject to apportionment. This was the last in a series of conflicting court decisions dating back to the Civil War. Between 1895 and 1909, when the amendment was passed by ...
G Ramaswamy, Vice President of the ICAI, expressing his views on the New Direct Tax Code
Amarjit Chopra's veiws on Direct Tax Code (ICAI Webcast)
The Direct Tax Code bill, which is aimed at simplifying the country's archaic direct tax laws, was tabled in the Lok Sabha today by the finance minister. www.istream.in
Has the government spent 3 years in debating about a tax code that isn't very different from the current law?
The Finance Minister tabled the Direct Taxes Code in Parliament today. The major highlight is that the DTC will be effective only from 1 April, 2012. Revenue Secretary Sunil Mitra says the switchover to DTC with higher exemption limits and lower corporate tax will cost the govt a revenue loss of 53000 crore rupees. Guests: Gautam Mehra, Executive Director of PwC, Sudhir Kapadia, Partner, E&Y and V Balakrishnan, Sr VP & CFO of Infosys.
Good news in the form of a drop in income tax may be round the corner. The cabinet has cleared the Direct Taxes Code draft... and it's set to be tabled in parliament on Monday. Here's what the new proposals look like.
The Union Cabinet has cleared the direct taxes code draft and it is said to be tabled in the Parliament on Monday. www.istream.in
The bill will be out up for discussion in Parliament next week. www.istream.in
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...DELHI: The Cabinet on Thursday approved the draft of the Direct Tax Code (DTC) Bill, but the changes in tax slabs proposed in the latest version are a pale shadow of the sweeping changes promised in the original proposal unveiled in August last year by finance...
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Times of India
http://timesofindia.indiatimes.com/business/india-business/Direct-Taxes-Code-Bill-Youll-save-tax-but-not-much/articleshow/6442402.cms
TV5 News @ 26th August 2010
The Cabinet cleared decks for tabling the legislation in the Monsoon Session so that the new Act may come into effect from next fiscal.
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...cabinet has cleared the Direct Tax Code bill and it is likely to be tabled during the monsoon session of parliament," the sources said after a cabinet meeting chaired by prime minister Manmohan Singh. "However, the bill is likely to be referred to a parliamentary...
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New Kerala
http://www.newkerala.com/news2/fullnews-28914.html
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...Union Cabinet on Thursday cleared the Direct Tax Code Bill, clearing decks for tabling the legislation in the Monsoon Session of Parliament so that the new act ushering in reduced tax rates and exemptions may come into effect from the next financial year. The...
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Big News Network: Accounting News
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for more videos & updated news log on to htt://www.tv5news.in To watch live tv click this link tv5news.in
The Cabinet can approve the Direct Tax Code after which paying taxes will get easier and tax rates can fall down. www.istream.in
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...of all assets, the value of debts owed by a tax payer incurred in relation to the said assets is to be deducted. Direct Tax Code Bill Under the DTC Bill, it was proposed that wealth tax will be payable by an individual, HUF and private discretionary...
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Economic Times
http://economictimes.indiatimes.com/Personal-Finance/Wealth-tax-Watch-out-for-changes-in-direct-tax-code/articleshow/6296143.cms
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...said Additional Commissioner of Income Tax Sibichen K. Mathew. Speaking at a workshop on “Analysis of the revised direct taxes code” organised by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) here, Mr. Mathew said the Ministry of Finance...
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The Hindu
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http://www.thehindu.com/2010/08/12/stories/2010081251510600.htm
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In a letter, copy of which was released to the media here, he said "SEZ Act intended to provide a long term stable policy regime which was absolutely essential for such projects. "By proposing to change the SEZ Scheme through the Direct Tax Code, we
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Webindia123
http://news.webindia123.com/news/articles/India/20100728/1556200.html
Rajeev Thakkar spoke about Direct Tax Code at Financial Opportunities Forum held in June 2010.
Rajeev Thakkar spoke about Direct Tax Code at Financial Opportunities Forum held in June 2010.
Rajeev Thakkar spoke about Direct Tax Code at Financial Opportunities Forum : June 2010.
Rajeev Thakkar spoke about Direct Tax Code at Financial Opportunities Forum : June 2010.
Rajeev Thakkar spoke about Direct Tax Code at Financial Opportunities Forum: June 2010.
The new direct tax code draft will not completely over-ride bilateral tax treaties, but the government will use the new anti-avoidance rules to plug loopholes. This will also trigger the review of bilateral treaties that India has with countries suspected of being tax havens.
Money Mantra: In this show, SR Wadhwa, former chief commissioner of Income-tax; Kuldip Kumar, associate director at PwC and RS Rathore, former chairman of CBDT, share their views on the concerns related to the revised direct tax code.
Equity investors should remain invested despite the new direct tax code proposing the return of the long term capital gains tax. At least that's what the government wants investors to believe, finance ministry officials have told NDTV.
A discussion with Sudheer Kapadia of Ernst & Young and Gaurav Mashruwalla, Certified Financial Planner
A discussion with Sudheer Kapadia of Ernst & Young and Gaurav Mashruwalla, Certified Financial Planner
A discussion with Sudheer Kapadia of Ernst & Young and Gaurav Mashruwalla, Certified Financial Planner
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...When finance minister Pranab Mukherjee unveiled a draft of the new Direct Tax Code in a press meet last August, he brought home minister P Chidambaram along. After all, Mr Chidambaram as finance minister spent time and energy in creating a new code, and even...
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Economic Times
http://economictimes.indiatimes.com/features/the-sunday-et/as-you-like-it/New-Direct-Tax-Code-Much-simpler-and-full-of-exemptions/articleshow/6069251.cms
How will the revised direct tax code impact your wallet? A special discussion with the foremost personal finance experts Guests: Subhash Lakhotia Tax Guru P Nandagopal MD & CEO, IndiaFirst Life Insurance Gaurav Mashruwala Certified Financial Planner
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...ET brings to you opinions of renowned experts on implications of the direct tax code for investors in different avenues. Dinesh Kanabar Deputy CEO & Chairman Tax, KPMG DTC closes important tax-saving avenue On Direct Tax Code, the government...
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Economic Times
http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/Experts-take-on-direct-tax-code/articleshow/6056832.cms
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...are being simplified and many new measures introduced to make life easy for the employees as well as the corporates. Direct Tax Code 2011 proposes that tax exemptions could be given on retirement benefits for Public Provident Fund (PPF), the Government Provident...
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Merinews
http://www.merinews.com/article/direct-tax-code-2011-promises-to-simplify-tax-system/15823281.shtml
CNBC TV18's Udayan Mukherjee believes the Direct Tax Code, which came in yesterday evening may just take a little bit of the gloss of the market's party this morning. Let us see whether net we can still forge ahead above 5200-5250 this morning.
Ketan Dalal of PwC, Dinesh Kanabar of KPMG, and BSE Member Ramesh Damani on the Direct Tax Code Discussion Paper that was released by the government - big changes in capital gains taxation
The revised discussion paper of the new direct tax code reveals the government's intent to control the tax rate Guests: Sunil Mitra Revenue Secretary\ Mukesh Butani Partner, BMR Advisors Balbir Singh Tax Partner, DSK Legal Ashvin Parekh Partner, Ernst & Young
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