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: empanelment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: Central Excise rule to resale the machines to a new company :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4%
General »
 The most thrilling idea before every Budget: No income tax
 Finance Ministry likely to tweak Minimum Alternate Tax norms to boost industry
 Income tax department warns people to keep away from benami transactions
 New helpline for income tax e-filing
 The Central Government notifies the Companies (Amendment) Act, 2017
 GST Returns: Government Relaxes Rectification Norms
 Will govt bring change in income tax slab? here's the present structure
 No income tax exemption to cooperative banks
 Bitcoin investors may have to pay capital gains tax
 What industry expected when Modi government implemented GST
  The Finance Resolution And Deposit Insurance Bill, 2017

Create more avenues for strategic investments in infrastructure
March, 10th 2012

There is an urgent need for capital investment in India's infrastructure, to improve the county's roads, ports, airports, power plants, transportation systems, warehousing system, cold-chains, and so on. The Government needs to incentivise investment in these crucial infrastructure projects.

We expect the policy-makers to focus more on multi-modal transportation and create avenues for strategic investment in infrastructure which would ease some of the infrastructure bottlenecks the industry faces.


The reduction of excise duty and service tax rates under the stimulus package' announced by the Government in 2009 should continue in view of the impending economic slowdown in light of high inflationary rates.

We recommend early adoption and enactment of the Goods and Services Tax regime (GST). Further, all indirect taxes on goods and services including octroi, entry taxes, electricity duty, etc., can be subsumed under and merged into the GST.

For a smooth transition to the new regime, enough time must be given to the industry to prepare its systems to be in readiness. It must be ensured that there is extensive training and communication for industry and government agencies for its smooth implementation.


The Ministry should address the increasing cost of ATF which is priced much higher than international benchmarks. Today, excessively priced jet fuel (ATF) in India is a significant cost in air travel operations. There is a case for ATF being given a declared goods' status to attract a uniform VAT of 4 per cent across India. I also wish to reiterate our annual request to provide industry status to the sector.


Aircraft given on lease by foreign companies come with a tax arrangement. The tax, if any, on aircraft lease rental income is to be borne by the lessee.

The Income-Tax Act provided for income-tax exemption on lease rentals paid by an Indian company to foreign companies, subject to the Central Government approval. This exemption was withdrawn by the Finance Act 2007, which has, as a result, increased the cost of air operations.

We recommend the re-introduction of the exemption Section 10 (15A) in the Income-Tax Act which will give some relief to the already burdened aviation industry, saddled with a multiplicity of taxes on its air operations.


To keep pace with the technological advancements and to give a fillip to investments in capacity creation there is a need for the present depreciation rates to be increased for plant and machinery.


Though not linked to Budget, reducing interest rates is extensively important to boost the sagging demand and reverse the slowdown in investments.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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