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Direct Tax Bill: Short-term, small investor to gain
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The Direct Tax Bill has brought a big relief for investors as it proposes to continue with the existing provision of zero tax on long term capital gains and rationalize short-term capital gains tax for annual income up to Rs 10 lakh. Read full Story The Times Of India August 31,2010
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31/08/2010
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Dividend income in for taxing times
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The Direct Taxes Code (DTC) Bill, which was tabled in Parliament today, proposes to impose a five per cent dividend distribution tax (DDT) on mutual fund houses and life insurers on income distributed by them. Read full Story Business Standard August 31,2010
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31/08/2010
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DTC to strengthen India’s tax demands on cross-border M&As
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Provisions of the proposed direct taxes code will strengthen India’s tax demands on cross-border acquisitions involving Indian companies. Read full Story The Economic Times August 31,2010
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31/08/2010
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Realtors happy over tax exemption on housing loan interest
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Realty firms and consultants on Monday expressed satisfaction on the proposal to retain income tax exemption on interest up to Rs 1.5 lakh a year on housing loan, but said the government needs to enhance the limit. Read full Story The Economic Times August 31,2010
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31/08/2010
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Jewellery, property to qualify as long-term investments
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Investors in jewellery, works of art, and real estate stand to benefit from the proposed Direct Taxes Code which classifies gains on the sales of these assets as long-term if they are sold after the investor has held them for at least a year. Read full Story Live Mint August 31,2010
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31/08/2010
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DTC revenue shortfall can be made up only with GST
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Even as the government sought to explain the postponement of the implementation of the Direct Taxes Code (DTC) Bill by a year, the fact remains that revenue shortfall can perhaps be made up only on simultaneous introduction of the proposed Goods and Services Tax (GST), which is still in a tangle with the States. Read full Story The Hindu August 31,2010
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31/08/2010
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Enemy property bill withdrawn
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The fate of 2,186 ‘enemy properties’ remained uncertain after the Centre withdrew a bill governing such properties, in the Lok Sabha, amid stiff political resistance. Read full Story The Economic Times August 31,2010
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31/08/2010
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Newcomers eye affordable housing
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Many established real estate developers may shy away from affordable housing segment due to the low margin. But, this space is receiving a lot of interest from new developers who wish to cash in the rising requirement for housing in urban areas. Read full Story Business Standard August 31,2010
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31/08/2010
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Non-profit organisations get relief till Rs 1 lakh
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The Direct Taxes Code (DTC) Bill has proposed to tax non-profit organisations (NPOs) with income above Rs1 lakh at 15 per cent, while those below this threshold will be exempted. Read full Story Business Standard August 31,2010
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31/08/2010
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SC to hear Forex Derivatives case on September 1
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The Supreme Court will hear on September 10 the impleadment petition filed by the Forex Derivatives Consumers Forum along with the Special Leave Petition filed by Fixed Income Money Market and Derivatives Association of India (FIMMDA). Read full Story Finance Buzz August 30,2010
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30/08/2010
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