DTC may end up as a zero-sum game It was supposed to put a lot of money back into the wallet of the common man. However, the Direct Taxes Code Bill, 2010, which was tabled on August 30, did not fulfill that promise.
For FIIs, DTC is a cause for worry DTC, which was recently tabled in the Parliament has as one of its noble objectives, reducing the uncertainty and litigation for the foreign investors.
House property tax regime set to change under DTC Indians typically consider house property as an important source of investment for long-term returns
DTC Bill brings bad news for NRIs As per the existing Income Tax laws, an NRI is liable to pay tax on global income if he is in India in that year for a period or periods amounting to 182 days.
Changes proposed in revised DTC for realty ET outlines some factors related to the real estate sector in the revised DTC.
NRIs face tax threat under DTC New DTC could bring global Indians under tax net as it does away with a provision that allowed individuals to escape tax in any country.
Breather for property owners in DTC Bill 2010 Broadly, the rules are in sync with the present system of taxation, but one has to wait till April 2012 to see how it unfolds for the actual users as well as investors.
