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: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: empanelment :: VAT Audit :: cpt
 
 
News Headlines »
 Here’s how the new tax provisions will impact you in 2017-18
 Income-tax (3rd Amendment) Rules, 2017
 How you can save tax in the last 2 days of current FY
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money

Budget should focus on farm sector: FM
February, 03rd 2007

Finance minister P Chidambaram said on Friday that targets set in the FRBM Act for 2006-07 will be met. The overall revenue and expenditure progress achieved till now shows that fiscal deficit would be lower than the budget estimate, he indicated while chairing a meeting of the Parliamentary consultative committee attached to the finance ministry. FRBM targets envisage elimination of revenue deficit and reduction of fiscal deficit to 3% of GDP by 2008-09.

The meeting was convened to consider suggestions for the 2007 budget. According to a press statement issued by the ministry, most members of the committee emphasised the need for a greater thrust on the agricultural sector. The committee called for greater investment, lower interest rates and a reduction of taxes to make inputs cheaper for the agricultural sector.

The committee was of the view that some sort of cieling for the fringe benefit tax (FBT) be introduced. Other suggestions include abolition of central sales tax (CST), revenue implications of SEZs, reduction of customs and excise duties, continuation of subsidies, development of self-help groups and greater efficiency in the tax structure, the statement said. Mps who attended the meeting include Jivabhai A Patel, Prahlad Joshi, Narsingrao H Suryawanshi, Gireesh Kumar Sanghi and M Ramadass among others.

The need for introducting schemes to unearth black money was emphasised. Creation of a corpus fund for farmers and restructuring of petro-prices were other issues that were brought up.

The minister allayed fears about the rising inflation rate by saying that the high inflation was an outcome of high growth rates. Net tax revenue receipts as a proportion of budget estimates have improved from 47.6% during April-November 2005-06 to 54.1% in April-November 2006-07, the minister said. The minister also emphasised that while interest burden as a proportion of GDP is decreasing, education loans have increased by three times as on end September 2006 over the previous year. 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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