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
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

Economic aspects of Union Budget discussed
March, 21st 2012

The KPMG in association with the Confederation of Indian Industry (CII) and the Asian School of Business (ASB) held a post- budget analysis session here on Monday.

Tax specialists from KPMG, Sachin Menon, partner and All-India head, Indirect Tax, and Srinath S, director, Indirect Tax, made detailed presentations on the economic aspects of the Union Budget 2012 and the key direct and indirect tax proposals, regulatory amendments and policy announcements for the year 2012-13.

Sachin Menon touched upon the wide ramifications brought in by the budget with an intent to neutralise various judgments of the courts including the decision on the 2G scam.

He stated that this trend followed by the government to nullify judicial pronouncements by way of retrospective amendments creates uncertainty thereby making India an uncomfortable territory for foreign investment.
With regard to direct taxes, the speakers said that the corporates which were spared from tax hikes, were bestowed with tax sops to borrow overseas and given relief from cascading Dividend Distribution Tax in a multi-tier structure.? ?

The removal of the list of permitted sectors for investments by Venture Capital Funds was a welcome move. However, Alternate Minimum Tax at 18.5 percent was extended to all non-company taxpayers claiming profit linked deductions.
On the Indirect Taxes front, Srinath discussed the impact of implementation of Goods and Services Tax (GST), the increase in the rates of excise duty and service tax rates. He went on to elucidate the proposed implementation of a negative list regime under the service tax, which would have wide complications on the industry. ?
The presentation was followed by a panel discussion attended by V K Mathews, executive chairman, IBS Group and C Padmakumar, executive chairman, Terumo Penpol Limited along with the KPMG tax team.

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

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