Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: articles on VAT and GST in India :: VAT Audit :: cpt :: empanelment
 
 
General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

Facing a big hit, property owners may move court against retrospective tax in Mumbai
April, 04th 2013

Better tax realisation and some savings on expenditure may help trim the fiscal deficit to around 5.1 percent of the GDP for 2012-13, Finance Ministry sources said.

Finance Minister P Chidambaram in the revised estimates for 2012-13 projected a fiscal deficit of 5.2 percent which is now likely to be revised in light of better than expected revenue realisation and savings, the officials said.

Also read: Economic downturn temporary; will carry reforms ahead: PM

As per the current estimates the indirect tax collection for 2012-13 is expected to exceed the figures projected in the revised estimates, sources said, adding the actuals are still being worked out.

The government, as per the revised estimates, was hoping to collect Rs 4.69 lakh crore from customs, central excise and service tax.

As far as the government expenditure is concerned, sources said, there will be a saving of Rs 10,000 crore over and above the revised estimate for 2012-13.

The revised estimates had pegged total expenditure for the last fiscal at Rs 14.30 lakh crore.

Chidambaram had went the whole hog to contain the fiscal deficit by compressing expenditure and making extra efforts to improve revenue collection.

He estimated fiscal deficit for 2012-13 at 5.2 percent, lower than the revised projection of 5.3 percent for the financial year. The fiscal deficit is now likely to come down further.

Prime Minister Manmohan Singh in his address to industry chamber CII today said high fiscal deficit is unacceptable. "We are determined to do everything possible to achieve the fiscal deficit target," he said.

As per the road map, the government aims to bring down the fiscal deficit to 4.8 percent in current fiscal and further to 3 percent of GDP by 2016-17.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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