Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | 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: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: TDS :: ACCOUNTING STANDARDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: cpt
 
 
Budget Extravaganza »
 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
 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 '12: Keep tax rates unchanged; hike exemption limits, says India Inc
February, 04th 2012

Worried over the impact of global financial turmoil on the economy, India Inc today asked the Finance Ministry to retain tax rates at existing levels, but increase exemption limits to promote growth.
 
In their customary pre-Budget meeting with Finance Minister Pranab Mukherjee, industry leaders also demanded that healthcare services should be kept outside the ambit of service tax and minimum alternate tax (MAT) be rationalised.
 
Besides, they also made a case for giving infrastructure status to aviation, telecom, healthcare and education sectors, quick implementation of Goods and Services Tax (GST) and continuation of interest rate subvention scheme for exporters till March 31, 2013.

The meeting was attended by ITC Ltd Chairman Y C Deveshwar and HUL MD and CEO Nitin Paranjpe and representatives of industry chambers.
 
"We asked for giving infrastructure status to healthcare and education sector. We also sought speeding up of PSU disinvestment, widening tax net and implementing GST as fast as possible," CII President B Muthuraman told reporters after the meeting.

Pitching for enhancement in the income tax limit, Ficci President R V Kanoria demanded that 30 per cent tax slab should apply to individuals with an annual income of more than Rs 10 lakh, as against Rs 8 lakh now.
 
"We have made a case for retaining the tax rates at the present level. There should be no increase in corporate tax, service tax and excise," Kanoria said.
 
Echoing similar views, Assocham President-elect Rajkumar Dhoot said the industry has urged the government to advice Reserve Bank to reduce interest rates by one percentage point. FIEO President M Rafeeq Ahmed said, "Interest rate for the MSME sector should be capped at 7 per cent and for others at 9 per cent and subvention should be provided to all sectors of exports at least till March, 2013".
 
Kanoria said the existing rate of MAT, a levy which was introduced to bring zero tax paying companies into the net, should not exceed 50 per cent of the basic corporate tax rate.
 
At present, companies pay MAT at 18.5 per cent, which translates to 20 per cent after including surcharge and education cess.
 
"Infrastructure companies, units in Special Economic Zone (SEZ), SEZ developers and investment companies should be exempted from MAT," Kanoria said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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