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: form 3cd :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: VAT RATES
 
 
« Budget Extravaganza »
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow
 Budget today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes

Budget on February 26
January, 11th 2010

The government will present the Union Budget for 2010-11 on February 26, two days ahead of the conventional date.

The budget will be presented on February 26, finance minister Pranab Mukherjee told reporters.

This year, February 28 is a Sunday while February 27 is a government holiday on account of Prophet Mohammads birth anniversary.

However, a final decision on the budget date will be taken by the cabinet committee on parliamentary affairs and approved by the Speaker of the Lok Sabha, Mukherjee said.

A day before the budget, the government tables the Economic Survey a health check on the state of the economy. The rail budget is likely to be presented on February 23 or February 24.

In its second term, the UPA government had presented its first budget in July last year after the general elections.

The finance ministry has already begun the exercise for the budget holding discussions with industry bodies amid the debate on whether stimulus measures should continue in the wake of the economy showing signs of recovery.

Mukherjee also said he was hopeful that growth could be around 8 per cent in the current fiscal against 6.7 per cent in the previous year.

The finance minister has asked the revenue department to make all efforts to achieve the revised direct tax target of Rs 4 lakh crore to compensate for the shortfall in indirect tax mop-up. The government had earlier set the target for 2009-10 at Rs 3.7 lakh crore

Till December, the department collected Rs 2.5 lakh crore. Officials said the indirect tax collections might fall short of the target by around Rs 22,000 crore this year on account of poor realisation of customs and excise duties.

The indirect tax kitty comprises customs, excise and service tax. The government had collected around Rs 2.81 lakh crore as indirect taxes in 2008-09.

The indirect tax collection, in the first seven months of the fiscal, shrunk over 21 per cent to Rs 1.26 lakh crore from Rs 1.61 lakh crore in the same period last year.

The government aims to earn Rs 6.4 lakh crore from both direct and indirect taxes in the current fiscal.

On goods and services tax, the finance minister said it would take seven to eight months for the government to bring in the legislation. It, thus, seems unlikely that the amendment to the tax structure will be tabled in the budget session of Parliament.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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