Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: form 3cd
 
 
Service Tax »
 Changes In Central Goods And Services Tax Rules, 2017
 Simple tax made complex
 Govt may review monthly GST return filing process
 Central Goods and Services Tax (Eleventh Amendment) Rules, 2017
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017
 Composition Scheme - the Central Goods and Services Tax (Removal of Difficulties) Order, 2017
 Govt asks taxpayers to file GST return for July by Tuesday
 FAQ On Government Services Under GST
 Income Tax Appellate Tribunal, Visakhapatnam Bench List Of Division Bench Cases Posted Before During The Period From 03rd Octombar To 13th October , 2017.
 Facility of LUT extended to all exporters / registered persons subject to conditions
 GST implementation – Hasty turns out nasty

Give top priority to taxation issues: Experts to Narendra Modi
May, 19th 2014

The new government should accord priority to raising income tax slab, implementing Direct Taxes Code (DTC) and Goods and Services Tax (GST) with a view to give relief to common man as well as the industry, tax experts have suggested.

"The key expectation that a common man has from the new government is widening of tax slabs," said Divya Baweja Partner, Deloitte Haskins & Sells.

Baweja also pitched for raising the limit of deduction on home loans interest in case of self-occupied house property, from Rs 1.5 lakh per annum currently.

Another tax consultancy firm PwC has suggested government should make visible changes in governance and administration to restore confidence on business in the government.

"The budget announcements may include clear road map to deal with tax policy including GST, and key administrative reforms," said Rahul Garg, Leader Direct Tax, PwC India.

The Budget for 2014-15 is likely to be presented in Parliament sometime in July.

As per the current structure, there is no tax on income of up to Rs 2 lakh per annum; 10 per cent on Rs 2-5 lakh; 20 per cent on Rs 5-10 lakh and 30 per cent on income beyond Rs 10 lakh.

The Parliamentary Standing Committee on Finance headed by senior BJP leader Yashwant Sinha had proposed to raise the income tax exemption limit to up to Rs 3 lakh per annum, and thereafter tax at the rate of 10 per cent for Rs 3-10 lakh; 20 per cent for Rs 10-20 lakh and 30 per cent on annual income beyond Rs 20 lakh.

PwC India joint tax leader Ketan Dalal said the BJP manifesto makes reference to the need to deal with "tax terrorism" and a "tax policy roadmap", and there is also a reference to bringing on board all state governments in adopting GST.

"One does expect some quick steps to address concerns on this front, particularly for international investors, who have been badly impacted by a very aggressive approach, and equally aggressive interpretations," Dalal said.

The GST, which proposes to subsume all indirect taxes like excise and service tax, has been opposed by several states including BJP ruled Gujarat and Madhya Pradesh. A constitutional amendment bill to introduce GST in the country is pending in Parliament since 2010.

Referring to the concerns of foreign investors, Deloitte managing Partner M Lakshminarayanan said: "Transfer pricing has been a major area of concern for a large number of MNCs operating in India. The new

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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