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 :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT
« Budget Extravaganza »
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget
 Cabinet’s formal nod to be sought for Budget on Feb. 1

Budget 2012-13: Law panel approves Rs 50 lakh development projects
May, 11th 2012

The law committee of the Pimpri Chinchwad Municipal Corporation gave its administrative approval to all development projects estimated to cost Rs 50 lakh, in the draft budget of 2012-13, during a meeting on Monday.

"The civic administration had tabled the proposal to obtain administrative approval to the civic projects," said Prasad Shetty, chairman of the law committee. "The resolution has been sent to the civic general body for further approval."

The civic administration tables the draft budget for the coming fiscal before the standing committee which then approves it and sends to the civic general body for further approval. The general body can discuss and make changes in the budget before March 20 and has to give its approval before March 31 so that the budget is implemented from April 1.

However this year as the municipal elections were held in February 2012, the state government directed that the outgoing civic body not make any policy decisions. The mayor was elected on March 13, members of the standing committee on March 20 and its chairman on March 29.

The civic administration began implementation of the draft budget from April 1 under the special powers of the municipal commissioner.

"The civic administration did not give members information about the projects included in the budget," said Shetty. "The new projects cannot be started without the approval of the general body. The corporators did not want to hold up the approval for lack of information, so quick administrative approval was given."

The resolution for the creation of two new zones in addition to the existing four zones was also approved at the meeting. Another resolution to reorganize the existing four zones as per the new wards and increased population was also approved.

Shetty said that the proposal of the civic administration for rationalization of octroi rates has been kept pending. The members want more information about this proposal. The resolution for incurring expenditure of Rs 24.88 lakh for digging pits for tree plantation in Zone A has been approved.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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