Tax code proposals illustrative, open to discussions: FM

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Tax code proposals illustrative, open to discussions: FM
News and Press Release
Dated:- 23-10-2009

New Delhi, Oct 23 (PTI) The government has identified seven critical areas of concerns, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... including taxation of retirement benefits, in the draft Direct Taxes Code and proposals are just "illustrative" and open to discussions, Finance Minister Pranab Mukherjee has said. There is no need .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to think that a decision has been taken as these proposals are only "illustrative" and open for discussions, Mukherjee told PTI. The government plans to implement the Code from 2011-12 after addressi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng all concerns relating to controversial proposals like taxation of retirement savings, weeding out incentives for housing loans and changes in the Minimum Alternate Tax (MAT). Giving the roadmap fo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r the Code that will replace the Income Tax Act of 1961, he said, "It will be implemented from 2011. So, the finance bill of 2011-12 would be appropriate.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X