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!
« Direct Tax »
Open DEMAT Account in 24 hrs
 Net direct tax collection grow 7% as refunds fall sharply
 GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
 ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
 CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
 ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 CBDT weighs overhaul of designations for income tax officials to secure better clarity
 Direct tax-GDP ratio at millennial high in FY24
 CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?

Revamp CBEC to get more out of it, merge with CBDT
March, 06th 2017

Monday marks the beginning of a five-day assembly session that will see the AAP government deliver its third budget since coming to power in February 2015.

Last year's budget didn't propose any new tax and rationalised value added tax (VAT) slabs. This year, too, with the goods and services tax (GST) regime likely to be introduced across the country from July, there are indications that the Delhi government is unlikely to put any fresh tax burden on the common man for now. The government is also likely to stick to its pro-poor pitch as the municipal polls are due in April.

The session will begin with lieutenant governor Anil Baijal's first address to the assembly in which he will place before the House the vision and achievements of the government. The budget is likely to be tabled on Wednesday.

With the AAP government increasingly portraying welfare of common man as critical to the development agenda, the 2017-18 budget may focus on three areas that chief minister Arvind Kejriwal and his ministers have highlighted over the past two years — education, transport and health. In fact, the 2016-17 budget was like a repackaged version of the 2015-16 exercise along with the promise of better delivery.

While public transport hasn't seen much improvement, projects in education and health sectors have been repeatedly touted by the AAP government as its major achievements. However, with Kejriwal recently asserting the importance of public transport in fighting pollution in the capital, the government is likely to invest its energies in this sector in a big way.

The budget is likely to have an outlay similar to last year, when the approved kitty was estimated at Rs 46,600 crore. In 2015-16, it was Rs 41,129 crore. This year, too, the outlay is unlikely to see any unusual increase, a source said.

SEE ALL COMMENTSADD COMMENT
There will also be no separate plan and non-plan categories of allocations. Deputy chief minister Manish Sisodia had announced earlier in the year that keeping with the national consensus on budget reforms, Delhi would only have capital and revenue heads. The central government this year paved the way for budgetary reforms in setting long-term goals by doing away with the plan and non-plan heads.

Both BJP and Congress have constantly attacked the government for its failure to deliver on its poll promises. BJP, which sits in the opposition bench with just three MLAs, is preparing to take on the government on the status of delivery on the road map laid out in the previous budget for issues ranging from mohalla clinics to aam aadmi canteens.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting