Income Tax News
Wider Service Tax Net May Nip Hard
13 February 2008 at 21:34Wider Service Tax Net May Nip Hard The service tax net is likely to be stretched and more items will be brought under its ambit. Hotel room tariffs, domestic air travel (business class) and the premium on life insurance policies are
Demat of TDS certificates may be deferred again
12 February 2008 at 12:38Demat of TDS certificates may be deferred againDematerialisation of tax deducted atsource (TDS) certificates is likely to be deferred by a year from the proposeddate of April 1, 2008.The scheme was originally scheduled to come into effect from April
Budget allocation for minorities to double
13 February 2008 at 21:34Budget allocation for minorities todouble In what is likely to be fodder for the Opposition BJPbefore the elections, the coming Union Budget is likely to double theallocation for minorities' welfare schemes. Sources said the focus on
Dividend tax rate may come down to 12.5%
12 February 2008 at 11:57Dividend tax rate may come down to 12.5%The Union budget may reduce the dividend distribution tax (DDT) rate from 15% to 12.5%. which was hiked in the last budget, citing "vertical equity." A reduction may encourage corporates to sh
Budget Session Commences on February 25
12 February 2008 at 10:17Budget Session Commences on February 25 The commencement of the Budget Session will be on the 25th of February. The session will conclude on May 9, contingent on government business. The session will also have a break from March 20 to April 15 for th
UPA, Left desires: Budget for the masses- "aam aadmi budget".
08 February 2008 at 20:27The UPA government and its Left allies agreed on Thursday that the coming Budget should be an 'aam aadmi' Budget. According to leaders of the coalition government present at the meeting, the wish lists of the UPA partners and the Left allies mor
Who is who of Retail Sector speaks their "heart out"!!
08 February 2008 at 20:27N V Sivakumar, leader, retail practice, PricewaterhouseCoopers · Retail sector has not been fully liberalised - Foreign equity participation should be extended, especially in a situation where most foreign retailers are sensitive to the pr
Equipped for industrialists:
08 February 2008 at 20:27Value added taxTurnover for registration limit to be increased from Rs 2-5 lakh so as to exclude small and tiny dealers. The turnover for composition tax limit to be enhanced from Rs 15-40 lakh, so that small dealers are exempted from regular re
Even Sportpeople cannot escape TDS:
08 February 2008 at 20:27An announcement may be made by the finance ministry in this budget regarding TDS to be paid by professional sportspeople. They may soon have to pay at least 10.3 per cent as tax on their match fees and money for endorsing corporate logos on their app
"Nano" housing loan scheme demanded by Cong.
08 February 2008 at 20:27It was much expected that after the launch of the car "Nano" we shall see many more "Nano" concepts coming up.. and here it is the the ruling Congress party demanded that its government launch a unique housing loan scheme of Rs 1 lakh to help the poor
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