DDT needs to be withdrawn to avoid double taxation of same income |Tax Guru 
Every domestic company is liable to pay a Dividend Distribution Tax @15% on the amount declared, distributed or paid by such company by way of dividends. The effective rate of tax works out to16.995%. The proposed Direct-tax Code also contains simila...
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Department of posts to distribute new pension system |Tax Guru : Complete Tax Solution
The Department of Posts, Government of India, has been enlisted as a Point of Presence (PoP) for distribution of the New Pension System (NPS) by Pension Fund Regulatory
to-distribute-new-pension-system.html
Marketing/Distribution of Mutual Fund/Insurance Products by Urban Cooperative Banks |Tax Guru : Complete Tax Solution
Please refer to our circulars UBD.No.BPD.PCB.Cir9/09.11.200/2003-04 dated August 18, 2003 and UBD.PCB. Cir.No.42/09.11.200/2006-07 dated May 7, 2007 permitting Urban Cooperative Banks (UCBs) to undertake insurance business as corporate agent and/or ...
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Is rotation of auditors an answer to Satyam episode? |Tax Guru : Complete Tax Solution
The question whether there should be a system of rotation of statutory auditors introduced to avoid repetition of Satyam episode has been raised in some quarters. In the past, the Government had tried to introduce this system by proposing amendments ...
answer-to-satyam-episode.html
RBI circular on Marketing/distribution of mutual fund/insurance etc., products by banks |Tax Guru : Complete Tax Solution
In terms of paragraph 7 thereof, banks have been advised that they can enter into agreements with mutual funds for marketing the mutual fund units subject to certain terms and conditions. Similarly, in terms of paragraph 12 of the above Master Circu...
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For Calculation of Book Profit u/s. 115JB profit need to be increased by deferred tax and the provision thereof, if debited to profit and loss account » |Tax Guru
2. Clarification regarding add back of ‘deferred tax’, ‘dividend distribution tax’, etc. for calculating book profit under section 115JB 22.1 Section 115JB of the
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nd-loss-account.html
Explanation on Relief in respect of tax on distributed profits of domestic companies » |Tax Guru
23. Relief in respect of tax on distributed profits of domestic companies 23.1 Provisions of sub-section (1) of section 115-O provide for levy of tax on distributed profits of a domestic company at the rate of fifteen per cent in addition to the inc...
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Amendments in STT that don’t measure up by Shri. T. C. A.Ramanujam » |Tax Guru
capital gains tax, dividend distribution, long term capital, long term capital gains, long term capital gains tax, Securities Transaction Tax, short term capital gains, short term capital gains tax
-don’t-measure-up.html
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