Hi All Members
Government has proposed removal or continuance of varioue exemptions given in income tax. These have serious implications for various stakeholders
including those who are traders/investors/ companies and many more class of assesses.
Document was 147 kb so I zipped it and attached it. Heading circulat is given below. You may view the full circular and wonder at GOI's ingenuity and bureaucratic stupidity and send your comments by 5th July , 2006 to [email protected]. if you feel like. After july06 this might cause another correction in market so do give your comments now.
Pankaj
F.No. 149/124/2006-TPL(Pt.)
Department of Revenue
Central Board of Direct Taxes
Tax Policy & Legislation Division
Comments regarding removal or continuance of exemptions and deductions under the Income Tax Act, 1961.
Government is committed to simplify the tax laws, minimize the distortions within the tax structure and broaden the tax base. In this context, tax incentives in the form of various exemptions and deductions are being reviewed. Government is keen to involve all stakeholders in this exercise. Accordingly, existing exemptions and deductions under the Income Tax Act, 1961 are listed below and comments with supporting rationale for their removal or continuance may be sent by e-mail or post by 5th July , 2006 to:
Ms. Anita Kapur, Joint Secretary, TPL-I, Room No. 147-B/I, North Block, New Delhi.
e-mail: [email protected] or
Ms. Monica Bhatia, Director, TPL-I, Room No. 147-D, North Block, New Delhi.
e-mail: [email protected] or
Ms. Pragya S. Saxena, Director, TPL-II, Room No. 147-E, North Block, New Delhi.
e-mail: [email protected]
Government has proposed removal or continuance of varioue exemptions given in income tax. These have serious implications for various stakeholders
including those who are traders/investors/ companies and many more class of assesses.
Document was 147 kb so I zipped it and attached it. Heading circulat is given below. You may view the full circular and wonder at GOI's ingenuity and bureaucratic stupidity and send your comments by 5th July , 2006 to [email protected]. if you feel like. After july06 this might cause another correction in market so do give your comments now.
Pankaj
F.No. 149/124/2006-TPL(Pt.)
Department of Revenue
Central Board of Direct Taxes
Tax Policy & Legislation Division
Comments regarding removal or continuance of exemptions and deductions under the Income Tax Act, 1961.
Government is committed to simplify the tax laws, minimize the distortions within the tax structure and broaden the tax base. In this context, tax incentives in the form of various exemptions and deductions are being reviewed. Government is keen to involve all stakeholders in this exercise. Accordingly, existing exemptions and deductions under the Income Tax Act, 1961 are listed below and comments with supporting rationale for their removal or continuance may be sent by e-mail or post by 5th July , 2006 to:
Ms. Anita Kapur, Joint Secretary, TPL-I, Room No. 147-B/I, North Block, New Delhi.
e-mail: [email protected] or
Ms. Monica Bhatia, Director, TPL-I, Room No. 147-D, North Block, New Delhi.
e-mail: [email protected] or
Ms. Pragya S. Saxena, Director, TPL-II, Room No. 147-E, North Block, New Delhi.
e-mail: [email protected]
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