Will Wealth Tax be a penalty for those who invest?

1097 views
User Avatar

CCI STUDENT....
21935 Points Posted on 18 August 2009

 

Will Wealth Tax be a penalty for those who invest?

18 Aug 2009, 0001 hrs IST,

The Direct Tax Code Bill, 2009 will easily be one of the biggest tax reform measures in modern India. Yet, some hangovers from the past remain, and the provisions related to wealth tax stand out as one. The new code unfortunately, seems to persist with this now redundant concept.

 

Reply Share Follow
On 18 August 2009 at 16:20 Report
Replies (3)
User Avatar

CCI STUDENT....
21935 Points Posted on 18 August 2009

 

New Tax Code: Early enactment a challenge


It will be a test of perseverance and political will to ensure the early enactment of the new tax code and prevent any serious dilution.
Reply
On 18 August 2009 at 16:21
User Avatar

CCI STUDENT....
21935 Points Posted on 18 August 2009
 
New Taxes Code may cause disappointment


Though the tax rates largely remain the same, the income slabs have been significantly increased to take into account realistic income levels.

 

Reply
On 18 August 2009 at 16:23
User Avatar

CCI STUDENT....
21935 Points Posted on 18 August 2009

Govt looks to implement new I-T law from 2011 


Govt unveiled draft of a brand new direct tax law, which will replace the four-decade Income-Tax Act, "... to improve the efficiency and equity of our tax system by eliminating distortions in the tax structure, introducing moderate levels of taxation and expanding the tax base", said FM.
Reply
On 18 August 2009 at 16:32

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Revising salary on 24Q Q4 FY 25-26
  2. LTCG: Home Loan Principal Repayment?
  3. Ims action relationship query
  4. GIFT REGARDING
  5. TDS on salary to non resident managing director
  6. Ewaybill and Transport documents (Lorry receipt)
  7. LTCG on sale of Builder Buyer Agreement
  8. Rule 13(2)(h) and valuation of CCDs
  9. Leave encashment, New labour code, Management cadr
  10. GST clarification needed:

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details