Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | 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
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: form 3cd :: cpt :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company
 
 
« Budget Extravaganza »
 Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
 New look finance ministry team to frame contours of Budget 2018
 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

FM seeks help for simple, clear tax regime
January, 29th 2010

Finance Minister Pranab Mukherjee has sought assistance from the legal fraternity in simplifying the countrys direct and indirect tax norms.

At a meeting, ahead of the Budget, the minister met the Society of Indian Law Firms comprising representatives of 25 law firms in the country.

Mukherjee may introduce the direct tax code in the forthcoming Budget.

The finance ministry has also made a detailed presentation to the Prime Minister on the direct taxes code.

Lalit Bhasin, managing partner of law firm Bhasin & Co and president of the delegation told Hindustan Times that draft of the proposed direct tax code is complicated and needs to be reviewed.

The draft, which is currently under scrutiny, needs clarity and simplicity so that it is easily understood by the common man, he said, adding that the society would soon send its recommendation on the same.

Manoj Kumar, managing partner, Hammurabi and Solomon, said, We feel that there is a need to increase focus on self compliance and transparency within the framework.

As per the direct tax code draft, several exemptions would be withdrawn, while lowering tax rates for both individuals and corporates.

The society would soon provide its observations on the proposed goods and services tax (GST) as well. There would be certain constitutional implication relating to Centre-state arrangement in the case of GST and we would also make note of this and see how the legal contours can be handled more effectively, Bhasin said.

The delegation also urged the finance minister to abolish the 10 per cent service tax imposed on legal consultancy and advisory firms. This was introduced in last year, were brought under the service tax net.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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