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
Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 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

Not much in budget, Govt. levies 1% VAT
March, 26th 2010

There wasn't much for Mumbai in the state's budget for 2010-11, which finance minister Sunil Tatkare presented on Thursday. Not directly anyway.

Tatkare spoke about money for the city's stormwater drains and sea-links, but these funds will be coming from either the Centre, MMRDA or MSRDC.

Tatkare's maiden budget, announced in Maharashtra's golden jubilee year, was expected to pack a punch, but with concessions being given to items like camphor and hairpins, it seemed to miss the larger issues. The budget showed a deficit of Rs 7,564 crore; the state's debt is Rs 1.85 lakh crore.

So what did Mumbai get directly from the budget? Rs 20 crore for the upgradation of the state-run J J Hospital at Byculla was the most significant financial packet. Mumbai can also hope to benefit from the Rs 1,550 crore to be spent statewide on making commodities available at ration shops to curb the price rise.

The announcement of a marine police wing along the coast and 40 more bomb squads across the state will also hearten a city in dire need of improved security. And yes, there will be two new museums with Bollywood and Sachin Tendulkar as their themes.

On the flipside, with a 1% VAT placed on the price of flats for builders and developers, the Mumbaikar could feel the pinch even more, despite a slew of schemes to build affordable homes across the state, including under JNNURM.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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