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: cpt :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD
 
 
News Headlines »
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?
 New income tax rules to curb unaccounted cash

Reduce tax rate from 33%
February, 19th 2007
Reduce income-tax rate from 33 per cent for corporates and individuals to a flat 5 per cent. Apply TDS at all payouts and widen tax net and compliance. Disinvest in all Government companies. Persons above 60 years should be provided with healthcare protection and pension. Give importance to knowledge-based industries to compete globally. Reduce Central excise and customs duty from peak levels and countervailing duties.

R. Natarajan

Sree Mookambika Textiles Pvt Ltd

Udumalpet, Tamil Nadu

Infrastructure status for hotel industry

Give infrastructure status for hotel industry, as this promotes tourism and is directly related to infrastructure development of the country. Hence, all new hotels under construction should also get the benefits of 80IA available to infrastructure projects and some sops for promoting tourism. Recently, RBI has declared that investments into hotel also would be considered as real estate funding and has put lot of restrictions on the same. Deemed project imports status for hotel industry to become globally competitive.

On the personal side, investment allowance has to be given to salaried employees and the investments in infrastructure by them should be given exemption up to Rs 5,00,000 to promote infrastructure and create new breed of investors. In order to own a home, a standard deduction of Rs 5,00,000 has to be provided for all tax payers, at least for the first house to be purchased, as the real estate prices soar to new highs, making it difficult for the salaried class to pay 33 per cent taxes and think of owning a home.

Ravindra SB

General Manager - Commercial

Jubilee Hills Landmark Project Ltd, Hyderabad.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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