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

Delhi Budget 2011-12 Highlights
March, 23rd 2011

Bicycles, kerosene stoves, lanterns and sanitary napkins will be cheaper for Delhiites who will have to pay more for diesel-run vehicles, tobacco products, furnishings, suitings and sweetmeats under the new proposals in Delhi government's budget presented on Tuesday.

Presenting the budget, Chief Minister Sheila Dikshit proposed levying an additional tax of 25 per cent of existing tax rates on diesel-propelled vehicles specified in the schedule-I of the Motor Vehicle Taxation Act 2004.

"...many studies have pointed out that inspite of the use of CNG in all public transport vehicles and also by many private vehicles in Delhi, the growing number of diesel vehicles is adding to air pollution," she said making the tax proposals.

Terming cycling to be a healthy and non-polluting mode of transportation which "needs encouragement and protection of the government", Dikshit proposed to give relief to the "aam-admmi's preferred mode of commutation" by removing VAT on bicycles having an MRP of upto Rs 3,500.

She also announced exempting kerosene stoves, lanterns and petromax lamps and their spares from VAT.

A VAT of 12.5 per cent would, however, be imposed on unmanufactured tobacco, making all tobacco products including bidis and hookah smoking more expensive.

'Khandsari' sugar and textiles have also been exempted from VAT. Sanitary napkins costing upto Rs 20 have also been exempted from VAT.

Cooked food commonly known as Jan Ahar costing Rs 15 per thali has also be exempted from VAT.

The VAT on sweetmeats and 'namkeen' has been increased to 12.5 per cent from existing five per cent.

"We are particularly concerned about the growing incidence of lifestyle diseases among Delhi's citizens. Diabetes and hypertension are some of the unfortunate byproducts of our city life and unhealthy eating habits, even among our children, need to be addressed," the Chief Minister said.

She also proposed to tax industrial textiles such as canvas belts, filter clothes and furnishing and suitings at five per cent.

Dikshit presented a budget of Rs 27,067 crore for this year with a plan outlay of Rs 13,600 crore and a non-plan expenditure of Rs 13,307.

Out of Rs 27,067 crore, she said, the government proposes to fund a massive Rs 20,246 crore from tax collections, out of which Rs 14,500 crore would be garnered through Value Added Tax.

Other sources of funding would include recovery of loans and advances Rs 339 crore, small saving loan Rs 1,500 crore.

The first Delhi CM to present the budget, Dikshit earmarked Rs 160 crore for centrally-sponsored projects.

The Chief Minister announced a total of 14,000 new staff in schools and enhanced scholarships for students.

A total of 27 lakh school-going children would be covered under 'Universal Free Health Scheme' for which a corpus of Rs 100 crore has been set up.

The MLA fund has been increased from Rs two crore to Rs 2.5 crore.

Aiming to expand educational infrastructure in the capital, the NCT government plans to take up construction of 30 new school buildings at an outlay of Rs 270 crore and has proposed to further expand its scholarships to economically and socially weaker sections of the society.

People belonging to economically backward sections got a major boost as Delhi Government raised the allocation for constructing flats for them by five times to Rs 405 crore while it earmarked Rs 180 crore for improving civic amenities in slum clusters, which is a ten time increase.

The government has decided to give a "major push" to the programme for construction of EWS houses, Dikshit said adding 13,800 EWS flats are ready for allotment while construction of 27,700 EWS houses will be started during 2011-12.

Noting that the process of regularisation of unauthorised colonies is in process, she said an amount of Rs 698 crore is proposed for development works to be implemented in these areas during the next fiscal.

The transport sector too got a lion's share in the with the government today allotting Rs 3,348 crore for various projects, including construction of 14 new Integrated Transport Corridors, and proposed developing new ISBTS and renovating existing ones.

The budget also announced that the construction of Delhi Metro's ambitious Phase-III, which envisages adding another 103 km to the network, will begin this fiscal and proposed an outlay of Rs 1071 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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