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
Latest Expert Exchange
« News Headlines »
 New tax rules which will help you save tax in FY2018-19
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals

No rollback of Budget proposals: Chidambaram
March, 05th 2008
The Finance Minister, Mr P. Chidambaram, on Tuesday made it clear that there would be no rollback on any Budget proposals even as he assured industry that any inadvertent errors would be corrected.

There is not going to be any rollback. But if any inadvertent error someone pointed out pesticides, any inadvertent error, we are modest enough to correct it. So, there is no rollback, Mr Chidambaram told captains of industry at a post Budget meeting organised by the Confederation of Indian Industry (CII) here today.

On interest rates, Mr Chidambaram felt that there was scope for deposit and lending rates to drop, but the matter was in the domain of RBI.

He also rejected the tyre industrys demands that the existing inverted duty structure on rubber be corrected. It was pointed out to him that natural rubber attracted basic customs duty of 20 per cent, when tyres attracted customs duty of 10 per cent.

There are 20 Members of Parliament from Kerala who are opposed to duty cut on natural rubber. I think what they say is a genuine case Not all inverted duty can be corrected. It is not possible. I dont think there can be a clean up of inverted duty. You have to suffer some inverted duty. Every time you enter into FTA or early harvest programme, there will be inverted duty. We are doing our best to correct as many as possible. If you tell me of a duty other than rubber, I am willing to address it, Mr Chidambaram said. Some of the industrialists representing the auto sector felt that there was no merit in the levy of 24 per cent excise duty on other than small cars category, when the excise duty on small cars was pegged at 12 per cent. You are clubbing the large cars with pan masala category which also attracts 24 per cent, a CII member pointed out.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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