New tax code is unfair to the salaried

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CCI STUDENT....
21935 Points Posted on 25 August 2009
 

Indian Taxation News
Tax code is unfair to the salaried

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The tax rates proposed for the future in the Direct Taxes Code are generally being welcomed. In this hype, one tends to lose sight of the huge tax burden, hardships and inequities, to which a major section of the taxpayers namely the salary earners is going to be subjected, if the Code is enacted in the present form.

 

 

 

 

 

 

Indian Taxation News
Direct Tax Code fails to bring an equitable tax system

IST,PALLAVI MULAY & SUPRIYA VERMA MISHRA,ET Bureau

The latest Direct Tax Code is an aggressive attempt to have an equitable tax system, but it ends up being regressive, and violates the principle of vertical equity.

 

 

Indian Taxation News
New tax code to impact provident funds too


Once the Direct Tax Code comes into effect in April 2011, both the PPF and the EPF are likely to move to the EET regime of taxation. 

 

 

Indian Taxation News
How new tax code would recast individual savings

ET Bureau

The code proposes a regime where tax incentives might be restricted to retirement plans rather than encouraging investment-led savings.

 

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On 25 August 2009 at 10:37 Report
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CA
387 Points Posted on 25 August 2009

Agreed. Except the slab rate part everything seems to unfair.

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On 25 August 2009 at 14:45

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