Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT Audit :: form 3cd :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: cpt :: empanelment :: due date for vat payment
« Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift

BBMP presents yet another inflated budget
June, 29th 2012

Undeterred by its track record of poor project implementation, the Bruhat Bangalore Mahanagara Palike (BBMP) on Thursday presented an inflated budget for 2012-13 fiscal with an outlay of Rs. 9,498.90 crore which is Rs. 100 crore more than the 2011-12 budget.


Presenting the surplus budget for the 2012-13 fiscal, chairperson of the Standing Committee for Taxation and Finance K.A. Muneendra Kumar said the total anticipated revenue was Rs. 9,288.95 crore, while the expected expenditure is around Rs. 9,498.9 crore. The expected tax revenue is Rs. 2,075.5 crore, while the non-tax revenue is Rs. 1,915.04 crore. The budget has also taken into account Rs. 1,887.35 crore of government grants and Rs. 3,411.06 crore miscellaneous receipts. With Rs. 2,628.77 crore as revenue expenditure and Rs. 6,870.13 crore as capital expenditure, there will be a surplus of Rs. 1.8 crore if the carried over funds from last year are taken into account.


The major tax receipts are from property tax (Rs. 2,000 crore), advertisement tax (Rs. 75.05 crore) and trade licence fee (Rs. 90 crore). The budget also proposes to raise Rs. 1,000 crore from municipal bonds. It takes into account total grants of Rs. 1,716.45 crore, including grants from the 13th Finance Commission, Rs. 751 crore Special Development Grants from the State government, and Rs. 150 crore from Jawaharlal Nehru National Urban Renewal Mission.


Prominent among the development works envisaged for the current fiscal is the Rs. 135-crore Sarvagrama Abhydaya Programme to provide infrastructure facilities for the 110 villages that come under the BBMP limits. Some programmes announced in previous budgets, such as Vajpayee Arogyashree Medical Insurance Scheme and medical kits to girl students, have been extended this year.

Mayor D. Venkatesh Murthy said he was confident of the State government approving the budget in a month. Conceding that the implementation of projects cited in the previous budgets were far from satisfactory, he said review meetings would be held to monitor their progress. He claimed the BBMP would be able to complete all pending works by March 31, 2013.

Budget discussions will begin on July 2 and the approved budget is likely to be sent to the government on July 6, the Mayor said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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