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: cpt :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: empanelment :: list of goods taxed at 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax

Chidambaram's unfinished agenda at North Block...
December, 01st 2008
Key economic reforms and an overhaul of the countrys decades-old tax laws will form the core of finance minister P Chidambarams unfinished agenda from his four and a half year long tenure in North Block. Even though Prime Minister Manmohan Singh will be handling the portfolio, North Block insiders say a full time finance minister will be required to carry forward this agenda. The biggest setback from Chidambarams sudden exit is expected to be to the finalisation of the goods and services tax (GST). Finance ministry officials conceded that with the ministers departure, there will be a great deal of uncertainty over the future of the GST. The empowered committee, headed by West Bengal finance minister Asim Dasgupta, was set to meet him later during the month to finalise a roadmap for the introduction of the tax. A crucial part of Indias taxation reforms, GST aims to absorb service tax, excise duty and all state level duties and taxes into one single levy. A decision to move towards this tax regime was announced by Chidambaram in his Budget speech of 2006. Similarly, the Direct Tax Code, the ministers pet project, to simplify the Income Tax Act, 1961 too may not see the light of the day. We do hope that the next government takes up the Code, an income tax department official said. At the Economic Editors Conference last week, Chidambaram had said the draft code would be placed in the public domain soon. I have to read another 19 pages of the discussion paper. The discussion paper and the draft is ready, he had said at that time. As FM, Chidambaram was also vocal about a blanket tax exemption to Special Economic Zones (SEZs)an issue which the empowered Group of Ministers led by Foreign minister Pranab Mukherjee has been debating for a long time now. It remains to be seen how this debate pans out going forward, although the UPA is likely to busy with more pressing matters in its short pending shelf life. Meanwhile, other key economic reforms, in banking, disinvestment, pension and insurance too will be hit. Although the UPA government does not have enough time to get these Bills enacted, Chidambaram had been very keen to pursue them, especially after the Left parties withdrew support this July. In fact, sources pointed out it was only because of his tacit support, that the New Pension Scheme is being rolled out for the unorganised sector, even without the passage of the Pension Fund Regulatory and Development Authority Bill.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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