Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: empanelment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES
 
 
News Headlines »
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you
 Income Tax department activates e-filing facility for all ITRs
 All the income-tax return forms for the current assessment year are available online

Government to widen tax base
November, 27th 2006
INDIA ECONOMIC SUMMIT 2006
 
The government has also asked ICRIER and NIPFP to do a study on tax exemptions, says Revenue Secretary K M Chandrasekhar. 
 
The government is working towards widening the tax base in the country and looking at tax exemptions from the financial year 2007-08. 
 
"There may be some case for lowering of indirect taxes and spreading the taxation base evenly, while ensuring that the interest of all sections are safeguarded," said revenue secretary K M Chandrasekhar on the sidelines of the India Economic Summit 2006. 
 
The Indian Council for Research on International Economic Relations (ICRIER), along with the National Institute of Public Finance and Policy (NIPFP), is doing a study on tax exemptions. 
 
Further, a team of tax department officials, in conjunction with the Institute of Chartered Accountants of India (ICAI) are looking at the Income Tax law, added Chandrasekhar. 
 
Earlier, speaking at a session on India's competitiveness an growth prospects, Chandrasekhar said that the country needs to allocate funds for the development of physical and social infrastructure in a way that reduces regional imbalances. 
 
"There is a huge divide between the level of social and economic development between different states," he said, adding that the Twelfth Finance Commission has recommended a higher allocation for developing social infrastructure in backward states. 
 
Further, the Department of Industrial Policy and Promotion (DIPP) is working on evolving a policy for the North-Eastern states that would focus on investment in these states. 
 
In his comments, Rajiv Kumar, chief executive officer of ICRIER, said: "It is appreciable that the centre of action has moved from the Union to the states and the latter are now trying their best to attract huge investments by offering conducive infrastructure and tax incentives." 
 
"States like Uttaranchal and Himachal Pradesh are emerging as states with huge investment potential. These could be a case for study by other states," said Sunil Kant Munjal, chairman of Hero Corporate Service.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions