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: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: cpt :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARDS :: VAT Audit :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARD :: empanelment
 
 
Budget Extravaganza »
 Government should reinstate wealth tax in Budget 2017
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget

FinMin seeks industry views on tax rates for next Budget
November, 10th 2011

The Finance Ministry is seeking inputs from industry on tax rates as it prepares the next budgetary proposals.
 
"You may...send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same," an official release said.
 
The views have been sought in the context of formulating the proposals for the Union Budget of 2012-13, it said.
 
The tax collection targets are under pressure amid slowing industrial activities. The government is aiming to collect about Rs 10 lakh crore in taxes this fiscal.

On the Direct Tax Code (DTC), which was introduced in Parliament and is likely to become effective from April 2012, the ministry has asked the industry to send only those proposals "which are urgent in nature".

The Constitutional Amendment Bill on introduction of Goods and Services Tax (GST), which will overhaul the country's indirect tax regime, has also been introduced in Parliament and is currently with a Parliamentary Standing Committee.
 
As the Finance Ministry has already started the process of preparing the Budget 2012-13, the industry and trade have been asked to submit their suggestions by November 15.
 
The Union Budget is presented in the last week of February.
 
By bringing in DTC and GST bills in Parliament, the government proposes to broadbase the tax regime, besides simplifying the compliance process.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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