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Reduce Personal Income Tax Rates: DTC Task Force

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Reduce Personal Income Tax Rates: DTC Task Force Follow us on: RNI No. TELENG/2018/76469 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From OPINION 8 CELEB TALKS 14 SPORTS 16 HYDERABAD DELHI LUCKNOW THE REAL CHARITY SPLITS DHONI NOT LIKELY TO BHOPAL RAIPUR CHANDIGARH CONSEQUENCE BRITISH ROYAL HEIRS BE PICKED FOR SA T-20s BHUBANESWAR RANCHI DEHRADUN VIJAYAWADA *LATE CITY VOL. 1 ISSUE 326 HYDERABAD, THURSDAY AUGUST 29, 2019; PAGES 16 `3 *Air Surcharge Extra if Applicable KAJAL SIGNS A HINDI FILM AFTER 4 YRS { Page 13 } www.dailypioneer.com Cabinet India will give approves 75 Reduce personal income Indo-Pak war in befitting reply govt medical to Pakistan: Oct: Imran aide Venkaiah Naidu colleges PNS n RAWALPINDI PNS n VISAKHAPATNAM NEW DELHI: The Cabinet tax rates: DTC task force Committee on Economic Continuing his attack on India Taking serious exception to the Affairs (CCEA) approved on PNS n NEW DELHI in the wake of the abrogation provocative activities of Wednesday setting up of 75 The eight-member of Article 370 that granted spe- Pakistan along the border fol- government medical colleges The Direct Tax Code (DTC) committee headed by cial status to Jammu and lowing the abrogation of to be attached with existing task force, which was set up to Central Board of Direct Kashmir, Pakistan Railway Article 370 from Jammu & district or referral hospitals by suggest changes to the 58- Taxes (CBDT) member Minister Sheikh Rasheed Kashmir, Vice-President M 2021-22. The establishment of year-old Income Tax Act, has Ahmad said on Wednesday Venkaiah Naidu said India will new medical colleges, under recommended lowering per- Akhilesh Ranjan believes that he feels that a full-fledged never attack anyone first, but phase III of the ongoing sonal income tax rates sub- lowering income tax slabs war will be fought between will not spare if anyone Centrally sponsored scheme, stantially. The panel has rec- will impact government India and Pakistan in October attacked. It will give a befitting will add at least 15,700 MBBS ommended three slab rates - revenues for 2-3 years but or November this year. reply, he averred. seats in the country. The new 5%, 10% and 20% - as against after that tax revenues According to reports in the Sending a stern message to medical colleges would be set prevailing rates of 5%, 20% and Pakistani media, Ahmad made held in Kashmir. Ahmad Pakistan, he said that it would up in under-served areas hav- 30% as it believes lower tax will be back to normal this prediction at an event here urged the world community to be only about Pakistan ing no medical colleges, with rates will enhance tax compli- due to higher compliance organised to show solidarity shun its silence on the fester- Occupied Kashmir (PoK) if district hospitals having at ance. with Kashmiris. ing Kashmir dispute. "We are any talk takes place between least 200 beds, a government The eight-member commit- "The time of the last battle fortunate that we have an ally India and Pakistan. statement said. The establish- tee headed by Central Board of panel favours removal of DDT to dividend distribution tax at finally at the investor level, for the liberation of Kashmir like China on our side on the He was addressing the gath- ment of new medical col- Direct Taxes (CBDT) member and replacing it with a system 15% of the aggregate dividend making capital markets unat- has arrived and this time the issue of Jammu and Kashmir," ering at the Golden Jubilee leges, to be attached with Akhilesh Ranjan believes low- of taxation under which divi- declared, distributed or paid. tractive for global investors. war with India will be full and he said. Ahmad said Modi sees Celebrations of the Naval existing district and referral ering income tax slabs will dend receipts be declared as The DDT payable is required However, the panel has rec- final," Ahmad said. Pakistan as the only obstacle Science and Technological hospitals, would lead to an impact government revenues normal income. to be grossed up. The effective ommended continuing with He accused Prime Minister in the way of India's hege- Laboratory (NSTL) in Vizag increase in the availability of for 2-3 years but after that tax The task force while sug- rate is 20.3576%, including a long term capital gains tax Narendra Modi of creating monic designs in the region on Wednesday. qualified health profession- revenues will be back to nor- gesting changes to Section 115 12% surcharge and a 3% edu- (LTCG). No exemption or trouble in Kashmir and said: and beyond. "It is because of "India is not warmongering als, improve tertiary care in mal due to higher compli- (o) of the Income Tax Act has cation cess. preferential treatment should "It is all because of 'Hitler' Modi that Kashmir is on the so it will never attack any government sector, utilise ance. recommended that companies Earlier this month, market be given to any class of Modi that we smell war over brink of destruction today," he country, but if anyone attacks, existing infrastructure of dis- The panel is also in favour of be taxed on dividend income participants in a meeting with investors, the panel said. Kashmir." He said the fate of added. Just three days ago, we will not remain silent. We trict hospitals and promote abolishing dividend distribu- that has not been shared with Finance Minister Nirmala According to the panel, capital Kashmir will be decided by Ahmad had said the war know that peace is the pre- affordable medical education tion tax (DDT) as it leads to shareholders. Sitharaman has said that divi- gains must be classified into Kashmiris and not by the would not be one between just requisite for progress of the in the country, it said. "The double taxation. DTC panel Worth mentioning here is dends in India are taxed thrice three categories - financial United Nations. He said if the India and Pakistan but will country. Regarding article 370, scheme on establishment of says dividend should be treat- that dividends paid by a in the form of corporate tax, equity, financial others and United Nations had wanted, a encompass the whole of the there is nothing to discuss. new medical colleges would ed as normal income. The domestic company are subject dividend distribution tax and non-financial. plebiscite could have been Indian subcontinent. Continued on Page 4 lead to addition of at least 15,700 MBBS seats in the country," the government said. SEXUAL HARASSMENT KCR to visit Probe against Top Moaist Palamuru- TN IG-level Ranga Reddy gunned down officer shifted BHADRACHALAM: Top project today Maoist leader Rakesh SIidhi to TS police was killed in an alleged PNS n HYDERABAD encounter in Pakanaguda PNS n CHENNAI forest of Bondaghati area in Telangana Chief Minister K Malkangiri on Wednesday. The probe into charges of sex- Chief Minister K Chandrashekhar Rao felicitating PV Sindhu, who won the World Women Badminton Championship, at Chandrasekhar Rao would Rakesh, a wanted naxalite ual harassment launched Pragati Bhavan on Wednesday. DGP Mahender Reddy, Police Commissioners Anjani Kumar, Mahesh Bhagawat and other visit the Palamuru-Ranga from Sukma district in against an IG-rank police offi- dignitaries are seen Reddy lift irrigation project Chhattisgarh state, was the cer in Tamil Nadu, in a case on Thursday to take stock of platoon commander of AOB filed by a woman SP, has ongoing works. special zonal committee. been shifted to the Telangana Rao would observe the Police. This follows the vic- works at Karvena, Vattem tim's complaint that the offi- KCR felicitates Sindhu and Narlapur, and return to cer in question has been influ- the city by evening, a release encing the Internal PNS n HYDERABAD The State government would make all arrangements for from the CMs office said on Complaints Committee Sindhu's preparations to take part in tournaments in future. Wednesday. "Chief Minister (ICC). Chief Minister K K Chandrasekhar Rao will The scene of the accident, which claimed three lives and left 20 injured, in Hyderabad had become a platform to prepare sportspersons to Vemulawada on Wednesday On Wednesday, the Madras Chandrashekhar Rao has visit Palamuru Rangareddy High Court passed an order described PV Sindhu, who won compete in international tournaments lift irrigation project to have directing the Chief Secretary the World Women Badminton — KCR, Chief Minister an overview of the ongoing of Tamil Nadu to hand over Championship, as "a pride of the works on Thursday at 9:00 the documents related to the country". The State govern- a.m," it said. AI detects fake School bus hits investigation to the Chief ment would make all arrange- Bhavan here on Wednesday. Commissioners Anjani Kumar, Rao on Friday last had Secretary of Telangana, who ments for Sindhu's prepara- Sindhu showed to the CM the VC Sajjanar, Mahesh Bhagawat asked officials to expedi- job notification will pass it on to the State's tions to take part in tourna- gold medal she won at the and IG Intelligence Navin tiously complete NEW DELHI: Air India has divider: 3 students Director General of Police. ments in future. Hyderabad World Championship. She also Chand participated. thePalamuru-Ranga Reddy detected an advertisement The court also ordered that a had become a platform to pre- presented two shuttle racquets "PV Sindhu has enhanced the Lift Irrigation scheme. for fake recruitment scheme senior woman police officer pare sportspersons to compete to the Chief Minister. nation's prestige. By winning the Recalling that the works of wherein it is being said that from Telangana must lead in international tournaments, The Chief Minister felicitat- World Championship, Sindhu Kaleswaram irrigation pro- there are total 120 vacant killed, 20 hurt the investigation and that it KCR suggested.
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