Direct Tax Code Bill

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  Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week

  A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.

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  Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said

  The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.

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  Obstructionism Can Create Only Sadistic Thrill, Says Finance Minister Arun Jaitley

  Asserting that economic progress cannot be a partisan issue, government tonight sought cooperation of the opposition to ensure that India achieves double-digit growth as it (rpt) it contended that "obstructionism" could only provide temporary "sadistic thrill".

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  Arun Jaitley Says Decision to Cut Corporate Tax 'Inspired' by UPA

  Finance Minister Arun Jaitley on Tuesday said his decision to lower corporate tax rate from 30 per cent to 25 per cent was inspired by the Direct Tax Code (DTC) bill brought by the previous UPA government.

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  Government to Introduce GST Bill in Current Parliament Session: Jaitley

  He also said the Direct Taxes Code (DTC) was under the consideration of the government but did not say when it would be brought to Parliament.

• Budget 2014: Government to Review Direct Taxes Code Bill in its Present Form, Says Jaitley

  Finance Minister Arun Jaitley on Thursday said the government will review the ambitious Direct Taxes Code (DTC), which proposed overhaul of the six-decade old Income Tax Act, in its present shape and take a view on the whole matter.

• Govt non-committal on DTC, says Bill has lapsed

  The ambitious Direct Taxes Code, which proposed overhaul of the six-decade old Income Tax Act, has lapsed, the government today said without giving any commitment on reviving the same.

• Finance Ministry not in favour of tax sops for CSR in backward regions

  In the new revised draft Direct Taxes Code (DTC) bill, the Finance Ministry has observed that allowing deduction for CSR expenditure would imply the government would be contributing one third of this expenditure as revenue foregone.

• Direct Taxes Code 2013: How it affects you

  The Finance Ministry on Tuesday released a revised Direct Taxes Code (DTC) for comments. The new tax code is meant to create an efficient direct tax system by replacing the archaic Income Tax Act. The Direct Taxes Code Bill, 2010, was introduced in the Lok Sabha in 2010 and was later referred to the Standing Committee on Finance.

• Finance Ministry working on Direct Taxes Code Bill, may bring it in Winter session

  The Finance Ministry is currently working on the official amendments to the DTC Bill which was tabled in Parliament earlier.

• Hope to place DTC bill in Monsoon Session: Chidambaram

  The code, which will replace the existing Income Tax Act, 1961, aims to rationalise tax rates to bring more people and companies under the tax net.

• Changes in Direct Taxes Code Bill to be tabled in Monsoon Session: Chidambaram

  The government will introduce changes to the Direct Taxes Code (DTC) Bill that would integrate its various versions, in the forthcoming Monsoon Session, Finance Minister P Chidambaram said on Thursday.

• Direct Taxes Code Bill in monsoon session, says Chidambaram

  The Direct Taxes Code (DTC) Bill, which aims to overhaul the over 50-year-old I-T Act, is almost ready and will be taken up in the monsoon session of Parliament, Finance Minister P Chidambaram said on Friday.

• Work on DTC in progress, Bill in Budget session: FM

  He said the standing committee on finance has submitted its report on the Bill and the government attaches great weight to its recommendations.

• Direct Taxes Code Bill to be tabled after noting panel recommendations: Shome

  The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the standing committee on finance, which among things had suggested raising annual income tax exemption limit to Rs 3 lakh.