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: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: form 3cd :: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TDS
 
 
« Budget Extravaganza »
 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
 Budget 2017 proposes a fee for delayed filing of income tax return
 No Cash Transactions Over Rs 3 Lakhs, Reduction In Income Tax And Other Highlights From Budget 2017
 Union Budget 2017: Here are the expectations of real estate sector
 10 things to expect from Finance Minister Arun Jaitley
 High expectations from budget
 India unveils Budget for recovery after cash crunch
 Increase income tax exemption limit’

Delhi budget: No new taxes announced ahead of polls
March, 21st 2013

Delhi chief minister Sheila Dikshit refrained from raising or imposing new taxes in the budget for the year starting 1 April and proposed incentives for small traders ahead of assembly election in Delhi later this year.
The social services sector received the highest priority, with Dikshit announcing on Wednesday that 65% of the total plan budget will be reserved for this sector.

Dikshit announced populist measures, including exemption of chilli spray, used for self-defence, from value-added tax (VAT), in an election year budget.

Desi ghee also became cheaper after VAT on it was reduced from 12.5% to 5%. Delhi’s economic growth for 2013-14 was forecast at 9%, Dikshit said.

The Rs.37,450 crore budget saw an increase of 6.6% in plan expenditure for 2013-14 against the current fiscal. “The per capita income in Delhi is Rs.201,083. It has gone up by five times since this government took over. In 1998, when we came to power, it was Rs.40,060,” she said.

Dikshit said the fiscal deficit has been projected to reduce to Rs.1,268 crore in the year starting 1 April from Rs.2,921 crore this year. She announced a financial support of Rs.1,000 per month to be given to transgenders who have been living in Delhi for at least three years, while also announcing a pension of Rs.1,500 per month for senior citizens, differently-abled people and women in distress.

The budget raised the threshold limit for registration under VAT for small traders from Rs.10 lakh to Rs. 20 lakh. A uniform quarterly tax period was proposed for all dealers, irrespective of their turnover, for better tax administration. This means that dealers will have to file only four returns a year instead of 12.

A new facility for online registration under the Delhi Value Added Tax Act and the Central Sales Tax Act has been introduced to reduce the physical interface between the taxman and the taxpayer.

Dikshit also announced ownership rights to original allottees of 45 slum resettlement colonies.

Among sectors, transport got the highest allocation of Rs.3,876 crore followed by health Rs.2,490 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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