Latest Expert Exchange Queries

Make 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) | 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: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: list of goods taxed at 4%
 
 
General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

Punjab needs to plug loopholes to check tax pilferage
January, 14th 2016

Punjab finance minister Parminder Singh Dhindsa on Wednesday acknowledged non-payment of taxes prevailing in the state, asserting a huge gap in meeting the tax revenue collection “due to various factors”.
“There are some loopholes that need to be plugged to check tax pilferage,” Dhindsa said during an interaction with the media at the Chandigarh Press Club here.

He said there was no data available that could reveal the tax pilferage. The minister said that taking the revenue growth to more than 12% would be his government’s biggest challenge for the upcoming budget for the financial year 2016-17.

He said the state’s next pay commission would soon be set up for which the terms and references would have to be revised as these were earlier rejected by the Centre. It would take a year or so to set up the pay commission, he added.

Agreeing that the state government was mortgaging its assets, he said that so far it had transferred the assets like “old buildings” worth more than Rs 2,000 crore to either the Punjab Infrastructure Development Board (PIDB) or the Punjab Urban Planning and Development Authority to generate revenue capital. The minister maintained that the rate of increase in debt had lowered to 32% from 45% in 2002.

The cash-starved state has been facing overdrafts more than once in the present fiscal, raising loans from the Reserve Bank of India.

Dhindsa said the 14th finance commission had done great injustice to Punjab by not acknowledging the free power subsidy to farmers while deciding the revenue deficit grant to the state. “If we are giving huge subsidies and sops to industrialists, why not to farmers,” he asked.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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