StockBaat

'Awaiting Standing Committee report on DTC Bill': The Direct Taxes Code (DTC), which seeks to replace the Income Tax Act of 1961, is scheduled to come into force from April 1, 2012. http://bit.ly/uVXKMi

DTC Bill: Paradigm Shift in Capital Gains: By: Vidyullatha Kishor, NUJS http://bit.ly/rbPe8Z

FM asks IT department to gear up for implementation of DTC: DTC Bill is under examination of Parliament Standing Committee and will be effective from 1 April 2012, said finance minister Pranab Mukherjee http://bit.ly/k61B75

Union Budget 2011: DTC to be implemented from April 1, 2012, says Pranab: Union Budget 2011: DTC to be implemented from April 1, 2012, says PranabIn DTC Bill, which was introduced in Parliament last year, annual I-T exemption limit is proposed at Rs 2L, compared to Rs 1.6L at present. http://bit.ly/gtktAS

Fin Min hopeful of getting DTC Bill passed next fiscal: http://is.gd/grjUe

'DTC Bill a dampener, but SEZs will retain sheen': SEZs may have lost some of their sheen on account of the proposed withdrawal of income tax sops in DTC Bill, but developer Adani Group feels the zones are still lucrative enough to attract investment. http://is.gd/fYrgp

Commerce dept mulls new rules for SEZs: Unhappy with the new DTC bill, the commerce department will propose a fresh set of rules for taxing special economic zones, a move that will cheer investors worried over a sharp drop in tax benefits in the new regime. http://bit.ly/bSIW6e

DTC Bill brings bad news for NRIs: More NRIs may fall under the tax net if the Direct Taxes Code (DTC) Bill proposal to impose a levy on their global income if they stay in India for more than 60 days in a year is approved by Parliament. http://bit.ly/cXlHa8

Breather for property owners in DTC Bill 2010: Breather for property owners in DTC Bill 2010Broadly, the rules are in sync with the present system of taxation, but one has to wait till April 2012 to see how it unfolds for the actual users as well as investors. http://bit.ly/9Orr7E

DTC Bill scraps leave travel allowance from tax exemption list: Salaried taxpayers may have less kitty for holidays from April 2012, with the government proposing to scrap tax incentives on leave travel allowance in the new direct tax regime. http://bit.ly/9mWmN1

Tax authorities should adopt bilateral APAs: PwC: Cabinet approval of the DTC Bill will witness a step towards a positive development in Transfer Pricing, a major concern for multinational companies operating in India. http://bit.ly/c0hv4Y

DTC Bill to hit SEZ employment, investment: Epces: The bill, which was tabled in Parliament on Monday, proposed that the SEZs notified on or before 31 March 2012, will get income tax benefits http://bit.ly/aHdzj2

‘DTC Bill will affect employment, investment in SEZs’: http://bit.ly/awyJWD

DTC bill to impact employment, investment in SEZs: EPCES: Expressing serious concerns over the DTC Bill, SEZ entrepreneurs today said the proposed tax provisions would hit employment and drive away investors from the special economic zones. http://bit.ly/bP764w