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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT Audit :: due date for vat payment :: form 3cd :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company
 
 
General »
 Advance tax payout by top cos grows just 2% in Sept quarter
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman

Airlines in India suffer Rs 4,000 crore loss in 2007-08
June, 05th 2008

Airlines in India have suffered a staggering loss of Rs 4,000 crore in 2007-08, and it could double in the current fiscal depending on which way fuel prices are headed, Civil Aviation Secretary Ashok Chawla said.

"Oil prices are at all-time high and airline operators are finding it difficult to make both ends meets. In fact there are substantial losses being reported by the airlines in India," he told reporters after a meeting with airlines operators here.

Chawla said in 2007-08 all airlines together reported a loss to the tune of Rs 4,000 crore and it could reach the double figure this fiscal depending upon the movement of oil prices.

"We have asked them for some more specific details which could be prepared as representation and would be submitted by the Civil Aviation Minister (Praful Patel) to the Prime Minister (Manmohan Singh) and the Finance Minister (P Chidambaram," he said.

Chawla said the Ministry would tell the Prime Minister and the Finance Minister the difficulties being faced and what could be the ways and means through which the government could provide relief to this key sector.

"The airlines have also assured that they will do everything possible to cut the cost and ensure that the burden to the passengers is kept to the minimum," he said.

Patel had said on Monday that the Ministry was "very concerned and unhappy", as rise in aviation turbine fuel (ATF) prices was playing havoc with the financial health of airlines.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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