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
Latest Expert Exchange
News Headlines »
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19
 Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
 Delayed release of electronic ITR forms may compel CBDT to extend the filing deadline
 Trading volume linked to tax return?
 How to e-verify your income tax return? Here are five ways to do it
 Received an Income Tax notice? Here is what you can do

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 2018 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