Parliament Winter Session

Bills to be introduced and no of amendments to be made in this winter session of parliament.
-Bill on GST,Direct Tax Code
-Bill to empower RBI to inspect associate entities of Bank.
-Amendment in constitution,SEBI Act,

Direct Tax Code

Under Section 10 (23C) of the Income Tax Act, any trust or institution that works wholly for public religious and charitable purposes and is approved by the chief commissioner or director general, is tax exempt.However the Code has removed "relegious" purpose from exemption purview.
However Now the Finance Ministry can drop this proposal to tax religious trust.

Direct Tax Code

CBDT Feels that DTC needs some changes.
-Corporate tax Will ramain at 30%
-No EET Scheme on retirement savings
- Re-examining the defination of salary income