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: VAT RATES :: cpt :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: form 3cd :: articles on VAT and GST in India
 
 
News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

Review tax exemptions to corporates: Left
November, 14th 2006
Wants more for social sector, suggests tax on foreign currency purchase

The Left partners of the United Progressive Alliance (UPA) Government today demanded that the coming Budget should review all tax exemptions given to corporate houses and also to introduce a threshold level for imposition of inheritance tax.

They have also suggested a new tax on purchase of foreign currency and review of capital gains tax and securities transaction tax to generate more resources for social sector spending instead of the current practice of selling public sector undertakings to raise resources.

Articulating the Left viewpoint, the Communist Party of India (CPI) General Secretary, Mr A.B, Bardhan, said that "We have asked the Finance Minister to review all exemptions given to the corporate houses because the bigger groups are getting large benefits and as such it is a regressive model."

Speaking at an interactive session at a meeting organised by the Forum of Financial Writers, Mr Bardhan added that while the GDP is growing at more than eight per cent, actual poverty reduction between 1993-94 and 2004-05 was a meagre 0.7 per cent, according to the official NSSO data.

Suggesting amendments to the Special Economic Zone Act, he said that changes should be made to define land usage, compensation pattern for people whose lands are being acquired and ways to associate the displaced land owners with the economic activities that would happen in these zones.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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