Menu

WELCOME TO FUNDSCOOP ADVISORS

9330560978, 7604033348, info@fundscoop.in

Blog posts January 2013

Direct Tax Code

The Direct Taxes Code (DTC) is said to replace the existing Indian Income Tax Act, 1961.

Highlights of the Direct Taxes Code bill

  • Common threshold Income Tax exemption limit for men and women proposed at Rs. 2 lakh per annum (proposed), up from Rs. 1.8 lakh
  • 10 per cent tax on annual income b…

Read more

General Anti Avoidance Rules (GAAR)

STATEMENT OF THE FINANCE MINISTER (January 14, 2013)

1. A number of countries have provided for General Anti Avoidance Rules (GAAR) in matters relating to taxation. While tax mitigation is recognized, tax avoidance is frowned upon. International literature describes tax avoidance as the legal exploit…

Read more

2 blog posts