Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Direct Tax Code

Direct Tax Code

Ratings: (0)|Views: 36 |Likes:
Published by Prerna Khosla

More info:

Categories:Types, Business/Law
Published by: Prerna Khosla on Feb 02, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

02/02/2011

pdf

text

original

 
Direct Tax
Burden of tax is borne bythe payer himself 
E.g.: Income Tax, Wealth Tax
Ind
irect Tax
Burden of tax is notcompletely borned by thepayee & is passed on
E.g. : VAT, Excise Duty,Custom Duty, Service Tax
 
FinanceMinisterPranabMukherjeeon10thAugust2009releasedthe
NewDraftDirectTaxCode.
hedraft,whichisexpectedtoradicallychangethetaxstructure.
hefinanceministerhadinhisbudgetpromisedtodeliveranewcodewithin45daysandkeptpromise.
Unveilingthenewcode,HomeMinisterPChidambaram,withthefinanceministerbyhisside,saidhewasconfidentthatnewcode,whenpassedbytheParliament,willbeahugeimprovementontheexistinglaw.
I
tisabrandnewcodewrittenfromscratch.
I
tisnotanamendmentbutareplacementofthe
I
ncomeTax,1961,hesaid,addingthatit

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->