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 »
 Why new tax surcharge has stunned foreign portfolio investors
  How to set-off short-term capital gains?
 Tax receipts growing but not fast enough for new government
 How Modi government's budgets have reduced your income tax burden
 Tax department tightens the noose on offenders
 How to set-off short-term capital gains?
 Government to revamp procedure for tax assessment
 I filed my ITR for AY 2019-20 but made a mistake. How can I rectify it?
 Stricter rules on dealing with tax evasion kicks in from today
 New income tax rules from today, no escape just by paying penalty
 How to link your Aadhaar Card with Income Tax Return?

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