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: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TDS :: due date for vat payment :: cpt :: form 3cd
 
 
Budget Extravaganza »
 Budget may put consumers before taxes to spur demand
 Budget 2017: Income tax payer friendly budget expected; Arun Jaitley may provide sops to boost housing sector
 Are you expecting good tax breaks in Budget 2017? Think again
 Budget 2017: Home insurance premium should get income tax exemption
 Demonetisation may be the trigger for any increase in service tax rate this budget
 10 things Arun Jaitley can do to make it a Budget for the middle class
 How budget 2017 can ease pain of demonetisation via income tax sops
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017

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 2017 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