Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: TDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Budget Extravaganza »
 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 today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes
 Six things Finance Minister did not tell you in Budget 2017
 Budget 2017 and its place in history
 Tax Dept need not reveal reason for raid even to Appellate Tribunal, proposes Budget 2017

Long-term vision in Pranab proposals
March, 03rd 2010

The budget cannot be a mere statement of accounts, finance minister Pranab Mukherjee said on Friday.

Budget 2010 went a step forward and laid out a plan for the next two years to bring down fiscal deficit to 4.1 per cent from 5.5 per cent now.

There have been no large increases in taxes direct or indirect and the governments focus on infrastructure and rural development has been retained. The reiteration for the direct tax code (DTC) and goods and service tax (GST) implementation from April 2011 is a very positive step.

The revision of income tax slabs for individuals will leave more disposable income with households. On the corporate tax front, though there has been an increase in the MAT rate, surcharge has been cut. Some rollback of the stimulus package has been proposed through selective hikes in excise/import duties, but this is in line with market expectations.

The budget has given a much-needed direction to the market from a short-term perspective and has also stuck to long-term growth plans laid out earlier. The main triggers from the budget were controlled fiscal deficit and rolling out targets for the next couple of years.

Relaxation in personal tax is going to have a positive impact on the overall economy.

The rural economy was also taken into consideration while formulating the policies and this will have a long-lasting impact on the economy.

As expected, stimulus rolled back was also gradual, which will allow the economy to adjust to the global economic scenario over a period of time.

Implementation of GST and DTC from April 2011 will boost the confidence of the global investor. Easing rules on FDI investment will be a positive for the retail and insurance sectors.

The thrust on divestment will help to control fiscal deficit. New banking licences to be given are a positive surprise. The budget will have an overall positive impact on consumption sectors such as retail, auto, and FMCG.

The changes will benefit infrastructure, realty and banking .

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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