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: form 3cd :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT Audit :: due date for vat payment :: cpt :: VAT RATES :: empanelment
Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift

Budget after state polls, says Pranab
January, 03rd 2012

The Union Budget for 2012-13 will be presented to Parliament only after the assembly polls are over, finance minister Pranab Mukherjee said on Monday.

TOI had reported on December 25 and 29 that the Budget will be presented after the assembly polls are out of the way to ensure that the government's keenly awaited annual financial statement does not clash with the Election Commission's model code of conduct, which will be in force until elections in Goa are over on March 3.

"We have not yet decided the time but naturally it (the Budget) will have to be after the elections," Mukherjee told reporters when asked about the Budget dates. Officials had earlier said that Mukherjee had made it clear that it would be difficult to present the Budget in the middle of crucial state polls.

Government sources have said the Budget is likely be presented anywhere between March 9 and 15, but some officials say it could be also be after March 15. Traditionally, the Budget is presented on the last day of February, and 2012 being a leap year it was scheduled to be unveiled on February 29. The Union Cabinet is likely to decide the date soon.

This will be second time that the Budget will not be presented on the last day of February. In the 70s, the government had unveiled the budget in March, moving away from the traditional date. Fresh dates for the presentation of the Economic Survey and the Railway Budget will also be decided soon. Sources had told TOI earlier that the Budget session of Parliament could begin around March 9.

Whenever general elections are due the key February date is missed and the government announces a vote-on-account which enables it to spend until a full budget is presented in Parliament. A full Budget is presented only after a new Lok Sabha is constituted.

Finance ministry officials say that postponing the Budget by a few days will not be against constitutionally-established norms. Every year, the government presents a vote-on-account to help it spend during the first quarter of the financial year until Parliament's standing committees have examined the Budget proposals.

The finance minister presents the Union Budget, which includes the Finance Bill for tax-related amendments, and the Appropriations Bill, for spending, which need Parliament's nod.

In December, the EC announced dates for polls in Goa, Manipur, Punjab, Uttar Pradesh and Uttarakhand, where the elections would be held between January 28 and March 3. Although elections in politically-crucial Uttar Pradesh will be over on February 28 - a day before the Budget is due to be presented - polling in Goa is slated for March 3.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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