Latest Expert Exchange Queries

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

Indian Merchants' Chamber for Gifts to be treated as Income: Budget 2011
February, 10th 2011

Indian Merchants Chamber has submitted its Pre Budget Memorandum for the budget proposals for direct taxes and issues to Dr. Manmohan Singh, Mr Pranab Kumar Mukherjee and Mr. Subhir Chandra, Chairman, C.B.D.T ,

IMC says, in light of the measures proposed in the revised Direct Taxes Code (DTC) Bill, 2010 it is necessary that none of the proposals contained in the DTC should be introduced through the Finance Bill .

Some of the key recommendations explained in detail in the memorandum are listed below.

Retrospective Amendment Should Be Avoided

Definition of Charitable Purpose: Sec 2(15)

Year of Deductibility Of Legitimate Business Expenditure- Reduce Avoidable Litigation

Exemption from T.D.S. for Regular Assessees

Disallowance of Expenses Relating To Exempt Income: Sec.14A

Gifts etc. in kind to be treated as Income: Sec. 56(2)

Failure to make Claim for certain deductions in the Return of Income: Sec.80A(5)

Distribution of Capital Assets on Dissolution of Firm to Partners: Sec. 45(4)

Stay of Demand until disposal of the appeal, no recovery proceedings

Extension of the Facility of Advance Ruling to Domestic Enterprises

Dispute Resolution Panel (Sec 144C of I.T. Act)

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

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