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

TN gets a tax-free, deficit budget
February, 18th 2009

Finance Minister K Anbazhagan on Tuesday presented a tax-free, deficit budget for 2009-2010 for the state. The budget contains poll sops including a stimulus package for farmers and tax concessions to the tune of Rs.100 crore for various items including IT products.

The package for farmers includes interest-free cooperative crop loans for those who pay their loans in time, an across-the-board cut in land tax that will benefit 50 lakh farmers and waiver of land revenue for this fasli year in 12 flood affected districts.

The total revenue receipts of the government for 2009-2010 are estimated at Rs 58,270.93 crore against an expenditure of Rs 59,295.28 crore, while the total capital expenditure, including net of loans and advances, is projected at Rs 10,799.30 crore. The revenue deficit will be Rs 1,024.34 crore and the total fiscal deficit will touch Rs 11,823.64 crore. Taking into account the net public account, the overall deficit will be Rs 6.36 crore.

The revenue deficit has increased due to the declining trend in the growth of revenue receipts due to slowdown in the countrys economy, likely increase in the salaries as per the sixth pay panel recommendations and higher allocation for welfare schemes, the minister said.

A committee will be set up to review the concessions given to the film industry exemption from entertainment tax for films named in Tamil and reduction in outdoor shooting fees as the benefits have not been passed on to the public. A sum of Rs 200 crore has been allocated for providing health insurance cover to one crore poor families, he said adding that 3,500 buses will be bought during the current fiscal. The budget has proposed Rs 500 crore towards distribution of 25 lakh free colour TV sets.

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

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