Parl Panel to discuss DTC; may suggest hiking IT exemption limit

Last Updated: Friday, February 17, 2012, 15:15

A Parliamentary panel will meet on Friday to discuss the report on the Direct Taxes Code (DTC) Bill, understood to have favoured raising I-T exemption limit to Rs 3 lakh.

Raise IT exemption limit to Rs 3 lakh: House panel

Last Updated: Thursday, February 9, 2012, 21:47

The Bill has the provision of raising the limit to Rs 2 lakh.

Bonanza for salaried class in Budget 2012-13?

Last Updated: Monday, January 30, 2012, 12:36

Union Budget 2012-13 may bring cheer to the salaried class as the Centre is said to be mulling a restructuring of the income tax slab.

Finance committee says tax exemptions to ICC unjustified

Last Updated: Tuesday, November 29, 2011, 16:08

The Rs 45 crore tax exemption given to the ICC on the revenue generated from this year`s cricket World Cup here was "unjustified and devoid of merit".

IDFC demands hike in income tax-saving cap in infra bonds

Last Updated: Wednesday, November 23, 2011, 21:14

Infrastructure Development Finance Company (IDFC) today said the Government should raise the income tax exemption cap of Rs 20,000 for investing in the infra sector so as to attract greater retail participation in its funding.

Raise tax exemption limit for salaried class: NMC

Last Updated: Sunday, October 16, 2011, 21:27

National Mazdoor Conference appealed to Centre to immediately raise the income tax exemption limit from Rs 1.80 lakh to Rs 3 lakh for salaried class.

Man gets tax exemption on ransom paid to kidnapper

Last Updated: Thursday, September 1, 2011, 13:56

MP businessman Sukhanandan Jain filed the amount he had paid as rasom, under `general expenses` and claimed income tax deduction on it.

Maha told to reconsider tax exemption given to Jackson show

Last Updated: Wednesday, April 13, 2011, 21:36

Observing that there was `malafide intention` in granting entertainment tax exemption to Micheal Jackson show, the Bombay High Court on Wednesday directed Maharashtra government to reconsider the application for exemption.

Budget on track, but could have been bolder

Last Updated: Monday, February 28, 2011, 19:39

Pranab`s Budget was high on intention but much less on action... an analysis.

Govt proposes tax exemption limit for non-profit entities

Last Updated: Wednesday, June 16, 2010, 00:17

The government today proposed to establish a tax exemption threshold limit beyond which the income of non-profit organisations (NPOs) will be brought under the tax net.

Old settlers seek cut off year for migrants for tax exemption

Last Updated: Wednesday, November 25, 2009, 18:29

The Sikkim Nationalist Peoples Party (SNPP) on Wednesday urged the Sikkim government to announce a cut off year for migrants in the state to avail the benefit of income tax exemption.