Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: form 3cd :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
Budget Extravaganza »
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift
 Budget 2018: Section 80C limit may be increased
 Middle Class Can Hope For A Big Tax Relief In Budget 2018-19, Says Report
 Startup investors seek abolition of angel tax in Budget 2018-19
 Budget 2018 must avoid the temptation to bolster government revenues myopically
 How GST has taken away the wind out of the Union Budget presentation
 Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
 New look finance ministry team to frame contours of Budget 2018
 How presenting the Budget early seems to be paying off already

Union Budget 2011-12: Car prices to remain unchanged
February, 28th 2011

Its right time to buy a new car as the prices will remain unchanged with the Budget keeping the excise duty on automobiles intact.

"With interest rates and raw material prices going up, the government decided to retain the current levels of excise duty," said Umesh Karne, analyst at Bric Securities .

Automobile sales, which has been growing at the rate of 30%, will continue to ride high though the sector is still grappling with rising input and fuel costs. Some analysts feel that continuation of duties will give an opportunity for automobile companies to go for increase in prices which were postponed due to the assumption that price hike would lead to reduction in demand.

"This gives an opportunity to car makers to increase prices soon,"said Mahantesh Sabarad, analyst at Fortune Financials .. In April-January, car sales jumped 31% to 15.99 lakh units, while two-wheeler sales rose 27% to 96.71 lakh units

For the 2006-07 budget, government had drastically cut excise on small cars, vehicles under four metres and 1,200 cc petrol and 1,500 cc diesel engines, to 16% from 24% that catapulted massive demand as the huge price difference expanded domestic market to over 2 millions units/year.

Currently small cars which are less than 4 metres in length and have engine displacement of up to 1200cc petrol or 1500cc diesel, are charged 10% excise duty, and the higher powered vehicles at 22%. Cars more than 2000cc have to pay an additional Rs 15,000.

While key automobile stocks were trading lower ahead of the finance minister's budget speech, shares of Tata Motors , Maruti Suzuki, Mahindra & Mahindra and Bajaj Auto went up post Budget announcements. Except for Hero Honda which was down by 0.29%, the other key stocks of Tata Motors, Mahindra, Bajaj Auto, and Maruti Suzuki were up 0.81%, 6.32%,1.61% and 4.51% respectively.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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