Latest Expert Exchange Queries
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 :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: form 3cd :: VAT RATES :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: VAT Audit
« General »
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces
 CAG lens on entities avoiding tax with ‘farm income’ claim

Finance reforms put on track
September, 12th 2009

Since the new government took over, the finance ministry has been occupied with reinvigorating the slowdown-ravaged economy. It has, however, found time to initiate some breakthrough reforms. The new Direct Tax Code proposes complete overhaul of the direct taxes regime by phasing out large-scale exemptions but making up for the same by lowering tax rates for corporates, and hiking the slabs for individuals sharply.

On the indirect tax front, it has stuck to rolling out goods and service tax (GST) from April 1, 2010. But sticking to the deadline will be diffi-cult. While the technical work on the tax structure is underway, ob-jections from some states on implementing the GST from next finan-cial year has thrown spanner in the works.

The much-awaited reforms in the sectors of banking, insurance and pension in form of three legislations that seek to liberalise these sec-tors saw little movement, even though these crucial measures remain high on government agenda. Work, however, is underway to create an independent debt management office, a major step which will radi-cally change the way government borrowings are managed.

On the disinvestment front, the government seems to have gained momentum. Disinvestment, which had failed to find an mention in the July budget speech of the finance minister Pranab Mukherjee and with a modest target of Rs 1,120 crore, has shown significant progress. Hyrdo-power company NHPC has already raised Rs 6,000 crore through divestment and issue of fresh equity.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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