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: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT RATES :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: empanelment
 
 
Direct Tax »
 Companies must drop retro tax cases to avail settlement scheme: CBDT
 FinMin may review tax regime on long-term capital gains
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961

Government relief in direct tax
May, 06th 2010

Finance Minister Pranab Mukherjee said the government has provided a lot of relief to individuals in direct taxes in the Finance Bill and also made efforts to improve the health care facilities and urban infrastructure by provide tax concessions.

Moving the Finance Bill in the Rajya Sabha, Mr Mukherjee said that to encourage private sector participation in the health care, the government has decided to provide tax concession to those setting up 100 bedded hospitals anywhere in the country.

Efforts are being made remove urban slums through projects for slum development and rehabilitation, he pointed out and said that steps have also been taken to strengthen and revive the construction industry. The government is also taking steps for skill development and employment to disabled through setting up vocational training sectors.

Even the impact of levy on air travel introduced in the bill was not much as it was put at maximum Rs 100 per travel for domestic travel and Rs 500 per travel in economy class in travel abroad, he pointed out.

Moreover, on the request of tobacco industry the excise duty on tobacco products like Cigars, cheroot have been reduced as these are produced in labour intensive industries. The tax imposed on scented supari has also been reduced.

Mr Mukherjee said a number of steps to reduce taxes on various articles and sectors have been carried out on the request of Members of Parliament, industry lobbies and other stakeholders after the Finance Bill was introduced in the Lok Sabha on February 26 and passed by the Lower House on April 28. He urged the Rajya Sabha members also to approve the amended Finance Bill which has already been passed by the Lok Sabha.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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