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: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT RATES :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
Budget Extravaganza »
 Startup eco-system looks forward to the budget for addressing tax dilemma
 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

Capital-based property tax likely to be budget highlight
February, 16th 2013

Municipal commissioner Shyam Wardhane will present the budget for 2013-14 and also the revised budget for the current fiscal on Monday with the focus on property tax. The capital-based property tax is new for citizens. The advertisement and lease charges are also likely to be revised.

The Nagpur Municipal Corporation's general body also decided that henceforth the civic chief's budget will be presented on February 15 every year.

The capital-based property tax was announced in the budget presented last year. But the new property tax system could not be introduced because of delay in completing the process. The new system aims for transparency in tax bills.

The tax of residential consumers is expected to increase over two times while it will be three times for commercial taxpayers.

Sources told TOI that the budget could comprise new developmental works and good schemes. Unlike his Mumbai counterpart, Wardhane may not announce that local body tax (LBT) is to replace octroi. The LBT is likely to be introduced in Mumbai from October and in the city from April 1.

Though the civic chief's budget will be based on actual revenue in eight months from April 1 to November 30, 2012, the revenue has increased to a great extent up to January end. According to NMC's data, the revenue is at Rs 715.74 crore as against last year's Rs 619.79 crore. The hike is 15.48%, almost 6% more than natural annual growth.

Though the revenue may not touch Rs 1,000 crore, the NMC may end up with Rs 850 crore as against last year's Rs 780 crore. Considering this, the civic chief's 2013-14 budget could be less than Rs 1,200 crore.

In March last year, the then municipal commissioner Sanjeev Jaiswal presented a budget of Rs 1,110.08 crore for 2012-13 and Rs 947.64 crore revised budget for 2011-12.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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