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

Roll back all boom-time taxes, says Assocham
November, 21st 2008

Industry body Assocham on Thursday recommended that taxes imposed on the Indian industry at a time when the economy was doing much better should be rolled back now that times are more difficult.

Sajjan Jindal, Assocham president, said that when during the economic boom period, the finance ministry imposed variety of taxes both direct and indirect with heavy doses. Currently, when the industry is facing hardships with margins are falling. Such taxes need to be immediately withdrawn.

Assocham had convened a meeting of its working 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).

We must provide more liquidity to the SME sector... Banks must allot 20-25% specifically for the SME sector, Jindal said. While praising the government for taking prompt action for pumping in liquidity into the system, Jindal said banks have surpluses and they are willing to lend now. He, however pointed out that there is a crisis of confidence which will need working on.

The prices are dependent on demand and supply scenario. Prices are coming down anyway due to slow demand and it is likely to come down further, Jindal said while talking about whether industry will take its cue from finance minister P Chidambarams suggestion of slashing prices.

Jindal also said all the ministries should accelerate funding for infrastructure projects to boost demand.

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

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