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 :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: VAT Audit :: articles on VAT and GST in India :: due date for vat payment
« Budget Extravaganza »
 Are you expecting good tax breaks in Budget 2017? Think again
 Budget 2017: Home insurance premium should get income tax exemption
 Demonetisation may be the trigger for any increase in service tax rate this budget
 10 things Arun Jaitley can do to make it a Budget for the middle class
 How budget 2017 can ease pain of demonetisation via income tax sops
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017

How the budget may shape your year?
February, 23rd 2010

Will you have to pay more tax? What does the Budget hold in store for you?
Find answers

Banking & Finance

Govt may infuse capital into PSU banks. But overall Budget is expected to be negative due to concerns of fiscal deficit.


Continued spending on infrastructure would be beneficial for cement companies; any increase in tax incentives for residential properties would also be beneficial.


Allocation may be increased for areas like irrigation and roads; steps likely to ease the process of accessing capital for the sector.

Information Technology

Expected extension of fiscal benefits under the STPI (10A/10B) scheme by 3-5 years to boost investment in the Tier-II and Tier-III cities, which are unable to avail the benefits of SEZs.

Oil and Gas

More clarity on the tax break from the natural gas produced under NELP I-VII . Measures could be taken on the recommendations of the Kirit Parikh committee, which has advised deregulation of fuel prices.


Exemption under section 80-IA , currently available only till FY2011, may be extended.


Export duty on iron ore may be hiked, benefiting steel firms purchasing ore from the open market; but such a move will hit mining companies. Excise duty on metal products is likely to go up from 8% to 10%.


A uniform tax structure that would help lowering the tariffs is expected; move crucial for the next leg of growth in rural India.


Allocation for healthcare spending may be hiked. The government may increase the weighted deduction on R&D expenditure from the current 150% to 200%, and extend the tenure of deduction for the next 10 years.


Last years promise of revamping the complex subsidy regime to the nutrient-based one wont be met.

Oil Subsidy

Recasting subsidies on petroleum products, particularly kerosene and cooking gas, may be postponed as any increase in prices would add to inflationary fire.


The finance ministry is looking to replace the public distribution system with food coupons, which can be used to buy food items from the open market.

Mutual Funds

SEBI has proposed scrapping tax benefits for corporates investing in mutual funds. If implemented, it would increase the corporate tax outgo, closing the arbitrage. It would be a major negative for the equity market and the mutual fund industry.

Income Tax

Income tax exemption limit can be raised a little to give relief to the middle class.

Service Tax

May be restored to 12% while excise duty could be increased marginally.

Corporate Tax

Govt may not tinker with corporate tax rates despite pressure from the industry.

Indirect Taxes

The rollback of excise duty is likely to be mildest and selective, with focus on sectors that have seen strong demand growth. Custom tariff rollbacks may be more broad-based.

Temporary Taxes/Cess

New temporary tax/cess may be introduced to fund governments large and persisting social sector spending.


Expect disinvestments of Rs 300-400 billion in FY11 Coal India, Hindustan Copper, SAIL and BSNL are some of the candidates.

Excise Duty

May be increased by 2% to 10% and brought in line with service tax rate to help smoothen transition to GST.


FDI limit may be hiked to 49% from 26%.


Housing loans up to Rs 30 lakh likely to get priority sector status.


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

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