News

'Validation Clause' introduced, could spell trouble for Vodafone

Retrospective amendment to Sec. 9 likely to apply to Vodafone in view of Validation clause introduced by Finance Bill

Mar 16,2012

GAAR provisions nullify Vodafone ruling, panel of CITs to confirm any ruling

Finance Bill's GAAR provisions differ from DTC, incorporates specific provisions to bring within its tax net, Vodafone-like transactions

Mar 16,2012

Offshore Share Transactions Taxable; Sec 9 amended retrospectively

Offshore Share Transactions Taxable; Sec 9 amended retrospectively

Mar 16,2012

Copy of Finance Bill 2012

Copy of Finance Bill - 2012 

Mar 16,2012

Crucial to raise tax resources, says Economic Survey 2011-12

"Crucial to raise additional tax resources to raise the level of resources for the Twelfth Plan period" - Economic Survey

Mar 15,2012

5 Tax Proposals to Watch Out for in Union Budget 2012

5 Tax Proposals to Watch Out for in Union Budget 2012 

Mar 15,2012

Dissent Note - Standing Committee's Report on DTC

Note of Dissent submitted by Shri Gurudas Dasgupta and Shri Moinul Hassan; Tax base should be widened, wealth tax too

Mar 15,2012

Bombay HC stays tax demand on Mutual Funds

Bombay HC stays Rs. 500cr tax demand on Mutual Funds; Orders IT Dept not to attach bank accounts

Mar 14,2012

Key Recommendations of Parliamentary Standing Committee on DTC

Key Excerpts from the Standing Committee's Report on DTC 

Mar 10,2012

Parliamentary Standing Committee on Finance presents DTC Report

Parliamentary Standing Committee on Finance presents Report on ‘The Direct Taxes Code Bill, 2010’

Mar 09,2012

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