News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« General »
 GST Council may consider national bench of AAAR next month
 Non-filing of Income Tax Return can’t be a ground to deny Capital Gain Exemption:a
 Decoding income tax exemptions
 Dividends from equities are tax-free for investors
  Income Tax officers to fast track disposal of appeal cases
 How can we save capital gains tax on sale of property? My wife and I are senior citizens.
 Finance Ministry Says Reports Of Decline In ITR E-Filing For FY19 Are Incorrect
 Not sure if income will be taxable or not? Declare investments only if you disclose all your incomes
 Taxing times: Income tax filings fall in FY 2019 for the first time in history
  You may be paying higher tax on annual maintenance bills
 Are you a fresher? This is how you can save tax on salary

PCMC standing committee asks for revised budget soon
November, 22nd 2010

The standing committee of the Pimpri-Chinchwad Municipal Corporation (PCMC) has asked the civic administration to prepare a revised  budget by the first week of December, which will be approved in next month's general body meeting.

"If a provision for a project in a ward is made in the annual budget, but the corporator concerned wants to implement another project in its place, then the money allocated for that project can be transferred to the new project through a revised budget," said Prashant Shitole, chairman of the standing committee.

According to Babu Nair, member of the standing committee, "The civic administration should present a revised budget for 2010-11 considering the additional octroi income in the past six months. The revised budget should contain revised expenditure, based on revised income."

At the standing committee meeting, Nair sought information about the pending bills that the PCMC has to pay contractors till March 31, 2011. Shitole said that, according to civic officials, outstanding bills of Rs 40 to Rs 50 crore were cleared by Diwali and there were no outstanding bills to be paid.

He added that the committee also sought information from the civic administration about pending projects and projects affected by the election code of conduct.

Shitole said, "Discussions were also held about the octroi income from gold. There are 450 jewellery shops in the municipal limits, but only 225 to 250 are members of the jewellers' association. The PCMC gets only Rs 15 lakh as octroi from the jewellers but we expect to get at least Rs 10 crore."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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