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: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: cpt :: form 3cd :: VAT Audit :: ACCOUNTING STANDARDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT RATES
 
 
ę Direct Tax »
  No relief to those who defaulted on 1st IDS installment: CBDT
 CBDT clears the air on rental incomes from industrial parks, SEZs
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17

Highways, tax reforms, land acquisition top Modis reform agenda
May, 21st 2014

The Narendra Modi-led BJP government is set to take a string of steps that would not require legislative approval including a time-bound implementation plan for infrastructure projects with highway building accorded the topmost priority.

A target of building about 25 kilometre a day of new highways is likely to be set, while the full-budget for 2014-15 in the first week of July, is expected to set the roadmap for tax reforms.

The government is expected to set a target of implementing Direct Taxes Code (DTC) and Goods and Services Tax (GST) by April 1, 2015. While the DTC plans to overhaul India’s archaic income tax laws, the GST seeks to stitch together a common national market by replacing India’s multi-layered indirect taxes with a single tax.

Both the DTC and the GST Bills were introduced in Parliament by the UPA in 2011, but have since lapsed with the dissolution of the 15th Lok Sabha.

Some of these plans could also be outlined in the President’s speech in the first week of June.

The full budget, in July, may contain proposals to roll-back retrospective tax laws, which had hit investor sentiments.

The government is also expected to announce its intent to change the recently-enacted new Land Acquisition Act, and could propose amendments in the legislation or in the Act’s rules to make it easier and less costly for industry to acquire land.

These changes could be announced in the first full session of Parliament — the budget-cum-Monsoon session in July-August.

Changes are also likely in the design of the UPA government’s flagship rural job scheme, MGNREGA, with focus on creation of infrastructure assets rather than just handing out wages to labourers.

In the first few months, the government is likely to propose changes in the NREGA Act to tweak the programme’s design and implementation.

Economists, however, said the speed of implementation of many infrastructure projects will depend on state governments.

“Optimism that the new administration can immediately fire up the capital expenditure cycle and rekindle growth is misplaced. Many infrastructure projects are under the purview of states, not the central government, so cannot easily be kick-started,” said Richard Iley, chief Asia economist, BNP Paribas.

 
 
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