Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Budget Extravaganza »
Open DEMAT Account in 24 hrs
 All outstanding personal tax demand notices up to Rs 25,000 withdrawn till FY 2014-15 in Budget 2024
 Budget 2024: Why there is an urgent need to hike Section 80C deduction ceiling for income tax benefits
 Budget 2024: Long term capital gains tax and the holding period for different assets explained
 No increase likely in income tax rebate in interim budget: FinMin official
 Income tax expectations for Budget 2024: Focus on medical insurance and capital gains tax
 Whole world looking at India s budget with hope
 Pre-budget expectations for salaried individuals on tax relief Budget 2023
 Centre expected to introduce new income tax slabs in Budget 2023: Report
 Budget 2023: Pre-budget expectations for salaried individuals on tax relief
  Will non-extension of tax benefits for affordable housing impact sales Budget 2022
 Budget 2022 allows 2 more years to file ITR; Know the whopping cost of delay in filing

Five things that you can expect from the Mumbai civic budget today
March, 29th 2017

Mumbai civic chief Ajoy Mehta will present the Brihanmumbai Municipal Corporation’s (BMC) budget for the financial year 2017-18 to the standing committee at 2pm on Wednesday. HT lists five things that Mumbaiites can expect from the mega-budget:

1. The budget will be tighter, this year. The civic chief is likely to take some stern steps to bring down the budget to a more realistic level from last year’s Rs37,000 crore. The budget for major departments like roads and storm water drains is expected to be slashed to one-third the original.

2. Top officials have said that the budget is likely to be Development Plan (DP) 2034-oriented, with prominence given to development of social amenities already in possession with the municipality. The allocation for DP is estimated to be around Rs5,000 crore.

3. Major allocations will continue to be for projects like the coastal road, connecting south Mumbai to the western suburbs, the Goregaon-Mulund link road, the sewage treatment plants (STPs) to treat waste water and the Gargai-Pinjal and Damanganga projects to augment water supply in the city.

4. As the BMC is set to lose its octroi revenue of Rs7,000 crores starting July 1, with the goods and services tax (GST) coming into effect, the civic body is likely to hike its non-tax revenue by increasing charges on services, rent for BMC-leased plots and penalties. The good news for citizens is that a direct tax increase is unlikely.

5. The budget will emphasise on administrative reforms, including e-office initiatives, biometric-attendance for BMC employees, online services for citizens and businesses and an integrated healthcare system for civic patients.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting