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: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: cpt :: form 3cd :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment
 
 
News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

Agri income likely to stay out of tax net
August, 21st 2006
Govt rejects panel suggestion -------------------------------------------------------------------------------- In order to empower the Union Government to impose income-tax on agriculture, `taxes on agricultural income' would have to be taken out of the State list through a Constitutional amendment. -------------------------------------------------------------------------------- The Union Government has not accepted a Parliamentary Committee's recommendation to bring within the tax net the agricultural income of persons having both agricultural and non-agricultural income, after setting a threshold limit for exemption. In a statement tabled in the Lok Sabha last week, the Finance Minister, Mr P. Chidambaram, indicated the Government's inability to accept this recommendation of the Standing Committee on Finance. The statement detailed the status of implementation of recommendations of the Standing Committee pertaining to the departments of economic affairs, expenditure and disinvestments and the department of revenue. For persons having income from both agricultural and non-agricultural sources, the Committee had said that the time had come for the Centre to look at fixing a threshold limit beyond which the income of such persons from agricultural sources could be brought under the tax net. The threshold limit could be fixed in consultation with the State governments, the Committee said. The Union Government has, however, highlighted that the taxation of agricultural income was within the purview of the State governments and outside the purview of the Union Government. However, agricultural income is included in the total income for fixing the rate at which tax is to be calculated. It was also pointed out that in order to empower the Union Government to impose income-tax on agriculture, `taxes on agricultural income' would have to be taken out of the State list through a Constitutional amendment.
 
 
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 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