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: VAT Audit :: ACCOUNTING STANDARD :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: cpt :: VAT RATES :: articles on VAT and GST in India
 
 
« News Headlines »
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…

Fix ceiling on stamp duty, says Kanara Chamber
July, 03rd 2006

The Kanara Chamber of Commerce and Industry (KCCI) has urged the Karnataka Government to fix a ceiling while levying stamp duty of 0.5 per cent on all equitable mortgages.

In a letter to the Karnataka Deputy Chief Minister and Finance Minister, Mr B.S. Yediyurappa, - the copies of which were released to the press on Saturday - Mr A. Srinivasa Rao, KCCI President, said that the Karnataka Government has introduced a stamp duty of 0.5 per cent on all equitable mortgages without any upper limit. "This measure of the Government to shore up additional resources will hit the industry very hard," he said.

Loans are taken from banks by providing equitable mortgage of the assets as collateral. In the past, whenever the Government had introduced such stamp duty it had a ceiling. In the absence of ceiling, the industry will end up paying very huge amount towards the stamp duty while availing itself of working capital or term loan from the banks. This may be unbearable to the small-scale industries, he said.

Considering the gravity of the issue, the Government should fix a ceiling of Rs 10,000 so as not to overburden the small-scale industries by way of this duty. The Government should exempt this stamp duty on export credits so that the competitiveness of the exporters is not weakened by this levy, Mr Rao added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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