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 :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India
 
 
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

Assocham pleads for tax reduction
November, 21st 2008

Industry body Assocham on Thursday asked the government to bring down taxes such as corporate and service tax to boost the demand side, but said prices were being determined by market forces. Assocham, which convened the meeting of its workin g group to take stock of the situation emerging due to global economic meltdown, demanded that banks must provide more liquidity to the Small and Medium Enterprises (SME).

There should be a review of taxes, because this tax regime was during the boom time. Today we need a special one time tax concessions,'' said Mr Sajjan Jindal, President, Assocham. He said the tax concessions could be in the form of investment allowanc e for inflow of more funds or reduction in corporate tax to 25 per cent from 33 per cent. The chamber would present a paper to the Finance Minister and task force constituted by the Prime Minister.

We must provide more liquidity to the SME sector... Banks must allot 20-25 per cent specifically for the SME sector,'' Jindal said. Lauding the government for taking a number of steps to pump liquidity into the system, Jindal said banks have surpluses but there is a crisis of confidence'' which needs to be improved. Asked whether industry would cut the prices as suggested by Finance Minister P Chidambaram, Jindal said: The prices are dependent on demand and supply scenario. Prices are coming down i n any way due to slow demand and it is likely to come down further''.

The Assocham President also said different ministries should accelerate funding for infrastructure projects to boost demand. Stating that real estate and housing are key sectors of economic development, Singh said funds should be made available at lower interest rates.

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

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