Latest Expert Exchange Queries

Make 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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: list of goods taxed at 4% :: form 3cd
 
 
News Headlines »
 Filing tax returns? Here are seven things to remember
 Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
 Mistakes in filing income tax returns that may get you a tax notice
 Know how you can claim return of income in Form 26 AS case
 What you must know for tax filing this year
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid

Fiscal deficit up 43 pc in Q1
August, 26th 2006
Despite 32 pc rise in gross tax revenues -------------------------------------------------------------------------------- Expenditure rise Growth in revenues was overtaken by a sharper increase in total expenditure (40 per cent), with a higher growth of 59 per cent in Plan expenditure and 34 per cent in non-Plan spending. -------------------------------------------------------------------------------- The Centre's deficit numbers have registered a spurt during the first quarter of the current fiscal. According to the Finance Ministry's Quarterly Review of Government finances tabled in Parliament on Friday, the Centre's gross fiscal deficit during April-June 2006, at Rs 77,740 crore, was 42.6 per cent higher than the Rs 54,517 crore for April-June 2005. The corresponding figures were similarly higher for the revenue deficit (Rs 70,675 crore versus Rs 47,311 crore) and the primary deficit (Rs 48,126 crore versus Rs 28,089 crore). The fiscal deficit equals the Centre's total expenditure (on both revenue and capital accounts) minus its revenue and other non-debt receipts. The primary deficit is the fiscal deficit net of interest payments, while revenue deficit is the difference between the Centre's revenue receipts and revenue expenditures. Buoyant conditions The rise in deficit numbers comes despite a healthy 32 per cent increase in the Centre's gross tax revenues, led by service tax (up 58 per cent), corporation tax (up 50 per cent), income tax (up 40 per cent), customs (32 per cent) and excise (seven per cent). Significantly, the collection of securities transaction tax during the first quarter, at Rs 1,217 crore, was way above the Rs 359 crore raised in the same period of 2005, reflecting buoyant market conditions. But the growth in revenues was overtaken by a sharper increase in total expenditure (40 per cent), with a higher growth of 59 per cent in Plan expenditure and 34 per cent in non-Plan spending. The review statement said that the higher Plan expenditure was due to the large advance transfers made for the Rural Employment Guarantee Scheme (REGS), while non-Plan spending zoomed because of higher food and fertiliser subsidies. Spending under the REGS alone went up from Rs 4,369 crore to Rs 8,996 crore. There has also been a `front-loading' of expenditure by various Ministries and Departments during the first quarter of this fiscal, the statement 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 - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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