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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: due date for vat payment :: ACCOUNTING STANDARD :: cpt :: empanelment
 
 
General »
 While filing tax in India, NRIs do not have to report overseas assets
  Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
 SH. VISHWA NATH GUPTA Vs. PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL, KANPUR AND ANR.
 No tax scrutiny of big transaction if it matches income
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
  Home loan tax reliefs often missed by taxpayers
 Income tax department launches online facility for linking Aadhaar and PAN
 Home loan tax reliefs often missed by taxpayers
 Tax headache in India is a bonanza for global accounting firms
 Activities To Be Treated As Supply Even If Made Without Consideration Under CGST ACT
  Haryana Goods and Services Tax Bill passed

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 2017 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