Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: cpt :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: list of goods taxed at 4% :: VAT RATES
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Trade unions join hands to seek tax sops
January, 14th 2010

A number of trade unions will submit a common memorandum of their various demands to Finance Minister Pranab Mukherjee on January 15 when they meet for pre-Budget discussions, making a departure from the earlier practice.

For three decades, while the unions used to present a common charter of demands on behalf of workers to the finance minister in pre-Budget meetings, they used to put in separate demands as well.

But this time, faced with new labour challenges, the unions will put in place a joint action plan adopted on September 14 last year.

The five demands that have brought the unions closer since September 6 last year, would also form the basis of their common memorandum for the Budget, says All India Trade Union Congress (AITUC) national secretary D L Sachdev.

The demands are corrective steps to bring down prices, protection and creation of jobs, enforcement of labour laws, funds for the unorganised sector and a stop to disinvestment of central public sector enterprises.

The unions are asking for an increase in the tax exemption limit from the present Rs 1.5 lakh to Rs 3 lakh-Rs 5 lakh. While the CPI(M)-affiliated Centre for Indian Trade Unions (Citu) and the CPI-backed AITUC were till now asking for doubling the exemption limit, the Bhartiya Mazdoor Sangh (BMS), the biggest of the unions, has asked for an exemption limit of Rs 5 lakh.

It could range between Rs 3 lakh and Rs 5 lakh but it would be unfair to continue with the present exemption limits, says BMS vice-president R V Subba Rao.

CITUs national secretary M K Pandhe agrees: Today, even the workers who earn a minimum wage of about Rs 10,500 a month and get some allowances come within the tax net. Hence, increasing the exemption limit is urgent.

The unions are looking with concern at a possible tax on fringe benefits, the authors of the joint memorandum say.

The new draft direct taxes code is also an issue that brings together the unions. It is highly unfair to workers and we will take it up with the finance minister, says Pandhe.

The memorandum will also seek extension of the governments flagship National Rural Employment Guarantee Scheme (NREGS) to the urban areas with double the existing remuneration. A draft of the memorandum says that NREGS work should be extended to two persons per family and for a minimum period of 180 days rather than just 100 days.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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