| FM: Tax compliance good Video |
| Our Web Bureau / Mumbai February 28, 2007 |
| CLICK HERE FOR VIDEO Talking of direct taxes, Finance Minister P Chidambaram in his Budget 2007 speech said: "In the current year, there has been better tax compliance by individuals. I hope this trend will continue. The current slabs and rates of personal income tax (PIT) were introduced only two years ago. They constitute a moderate tax regime." "A comprehensive review should await the proposed Income Tax code which will be introduced in Parliament this year. Nevertheless, without altering the rates, I am inclined to consider giving some relief to tax payers, especially in view of the cooperation they have extended to the Department of Revenue. Accordingly, I propose that: |
