Government panel submit report on the new Direct Tax Code

CORPORATE TAX RATE For: Mains Topics covered: Government recommendations for reduction in the corporate tax rate. Benefits for and individuals and corporate taxpayers News Flash A government panel has recommended cutting the corporate tax rate to 25% from 30% for all companies and scrapping surcharges on tax payments. India has one of the highest corporate tax rates in the world. Highlights The committee has said the government should move away from surcharges…

Document Identification Number (DIN) by CBDT – Diligent IAS

DOCUMENT IDENTIFICATION NUMBER (DIN) For: Preliminary Topics covered: What is DIN? Its significance and advantages. News Flash The CBDT said all communications made by the tax department to assessees from October 1 will carry a Document Identification Number (DIN). Almost all notices and orders of the Income Tax Department are being generated electronically on the Income Tax Business Application (ITBA) platform. Document Identification Number (DIN) DIN is a unique Director identification number…

Government panel submit report on the new Direct Tax Code

Document Identification Number (DIN) by CBDT – Diligent IAS

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