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: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: form 3cd :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT Audit
 
 
« Budget Extravaganza »
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow
 Budget today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes

Union budget may echo Finance Panel referrals
February, 12th 2010

Some of the recommendations 13th Finance Commission may find place in the Budget for 2010-11 to be unveiled on February 26,Union Finance Minister Pranab Mukherjee hinted here on Thursday.

The Commission, headed by Vijay Kelkar, in its report submitted to President Pratibha Patil in December 2009, is understood to have suggested higher allocation to states.

Ahead of the Budget Session of Parliament beginning from February 22, the Union Cabinet on Thursday discussed the 13th Finance Commission report, which has laid out a roadmap for sharing of taxes between the Centre and states.

The report along with action taken on its recommendations by the government will be tabled in Parliament during the Budget Session.

The report assumes importance as the new indirect tax regime GST is scheduled to be implemented from the next fiscal and the new direct tax code is also likely to come into effect from next year.

Goods and Services Tax, once implemented across the country, will subsume various taxes, including value added tax (VAT), bringing uniformity in indirect tax structure.

Draft of the direct tax code (DTC) is already in the public domain and once implemented it will replace the 50-year-old Income Tax Act.

The 13th Finance Commission was appointed in November, 2007 with the mandate to review the finances of the Centre and states, and sharing of net proceeds from taxes between the two.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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