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: due date for vat payment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: cpt :: empanelment
 
 
« News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

'Impose cap gains tax to address rich-poor divide'
June, 30th 2007
Prime Minister Manmohan Singhs suggestion to cap corporate sector salaries to reduce inequalities may not be a good idea, according to public finance expert Amaresh Bagchi. Instead, the government could impose a tax on capital gains from shares sold after one year of purchase and also on dividends. This would help bridge the divide between haves and the have-nots, he says.

There can be no quarrelling with the objective the Prime Minister has set for the corporate sector developing social responsibility. Gross inequalities are a concern of the state and powerful instruments are available to the government for this purpose such as adequate taxation of capital gains, he said at the National Institute of Bank Management Convocation on Friday.

Currently investors do not have to pay any tax on long-term capital gains from sale of shares. Dividends are also not taxed in their hands. Left parties have been pitching for scrapping long-term capital gains tax exemption. But the government has not relented so far.

Mr Bagchi took a jab at the RBI report on currency and finance for being upbeat on the India growth story, but silent on the great divide that is taking place. It would be a mistake to think that efficiency in production alone would mitigate these consequences.

Attention has to be paid to the question of equity as well, he said. He was critical of reservations as a panacea to provide equal opportunities to all. The right course was to offer good quality education and primary health and this is where the state has failed, he said. Besides corporates chipping in, banks too have a social responsibility of bridging this divide.

More loans to the priority sector is not the right solution as it impedes efficiency. Banks could help the poor by innovative banking like micro credit. They could also help by ensuring that farmers and SMEs get adequate and timely credit.

Had banks been more vigilant in securing credit to farmers and cautioned them against the use of pesticides, suicides might not have taken place on such a scale, he said. Banks can, for instance, donate computers to village schools or help build tube wells, without hurting their efficiency.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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