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: form 3cd :: VAT RATES :: articles on VAT and GST in India :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company
 
 
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

Tax concessions from interim budget sought
February, 13th 2009

Industry associations have sought tax concessions from the upcoming interim budget besides cuts in interest rates
for revival of the Indian economy.

The RBI's move to tighten monetary policy over the last four quarters is primarily responsible for slowdown in demand and loss of investor confidence, feel associations.

CII has sought reduction in customs duty on goods such as non-coking coal, petroleum coke, non-ferrous metal scrap and melting scrap of stainless steel and ferro-nickel. It has also recommended that excise duty of 16% on drugs containing alcohol and narcotic drugs should be reduced to 4%.

To further help exporters, CII has asked for more incentives for exporters and withdrawal of retrospective amendment of section 80 HHC, besides service tax exemption for engineering goods and subsidised ECGC cover charges. According to the 80 HHC amendment, exporters having a turnover of more than Rs 10 crore are liable to pay income tax retrospectively w.e.f from April 1, 1998.

CII said that the actions taken by the government so far have been appropriate, but would put strain on the fiscal situation. "It is unlikely that it would be possible for the government to look at any "giveaways"," it said in a statement issued on Thursday.

Another industry body Ficci president and member of parliament Rajeev Chandrasekhar said, "Efforts should be made to bring back investors' confidence and enhance consumer spending. We are hopeful that the government will come up with third stimulus package as the first and second haven't worked." Mr Chandrasekhar whose term as the president of Ficci expires on Thursday, said, "We are expecting some direct tax relief and investment allowances in this budget."

Industry body Assocham, feels that excise duty concessions are imperative for revival of growth across sectors, particularly manufacturing. "In the absence of a stimulus package, industry will have no other option but to downsize its operation and employment and hold back expansion plans," said Assocham president Sajjan Jindal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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