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: Central Excise rule to resale the machines to a new company :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TDS :: VAT RATES :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd :: ACCOUNTING STANDARDS :: VAT Audit
 
 
General »
 Government sets aside Rs 10,000-cr tax demand on tech companies
 Income tax department surveys bitcoin exchanges
 Income tax department to target senior executives who have US bank accounts
 Exporters file over 10,000 applications for GST refunds
 Government wants RBI rate cut before March: Finance ministry sources
 Govt begins review of tax, other norms for startups
 Fall in tax collection compounds crisis
 Govt sets up task force to review income tax laws
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON

FATIA seeks relief from tax burden for salaried, business sections
February, 06th 2016

Federation of All Trade and Industry Associations (FATIA) in Erode district has urged the Central Government to double the ceiling on levy of income tax for individuals to Rs. 5 lakh from the existing level.

In a memorandum submitted to the Central Government, FATIA president N. Sivanesan said those who earn revenue up to Rs. 5 lakh ought to be completely exempted from paying income tax. Likewise, the rate of income tax must not exceed 10 per cent for those earning annual salary ranging from Rs. 5 lakh to Rs. 10 lakh and 15 per cent beyond the level.

To encourage savings, investments under Section 80 (C) provision must be doubled to Rs. 3 lakh from the existing level, Mr. Sivanesan said in his memorandum addressed to the Union Finance Minister Arun Jaitley. Likewise, the practice of 10 per cent tax deduction at source carried out for interest exceeding Rs. 10,000 accruing from bank investments must be dispensed with. The interest ceiling must be fixed to Rs. 25,000. Similarly, interest on gold bonds must be increased from the existing 2.75 per cent to 5 per cent, alongside exempting it from income tax.

The other demands included 50 per cent subsidy for purchase of non-conventional energy generating equipment, pension scheme for business community as in Kerala, and substantial reduction in excise and service tax levied on various products.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

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