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
« Budget Extravaganza »
 Here Are 10 Income Tax Provisions Announced In Budget 2019
 Know how much tax you have to pay now Budget 2019 income tax calculator
 The taxes you will be dealing with in Budget
 A few income tax changes interim budget 2019 announced for salaried class
 Company Audit Report, FEMA and Direct Tax including Budget
 Hopes of tax exemption limit hike Budget 2019
 Budget could set stage for a new-look Income-Tax Act
 India’s budget math faces a credibility challenge
 From income tax slab changes to 80C limit extension, 5 key things to expect from the upcoming Union Budget
 Know latest income tax slabs and rates before Union Budget 2019 Filing tax return
 How to reduce your income tax outgo with Budget 2019 provisions

Finance Ministry seeks industry suggestions on taxation for Budget
October, 10th 2016

Gearing up for early presentation of Union Budget 2017-18, the Finance Ministry has asked industry and trade bodies to start sending suggestions on taxation and other fiscal issues.
Budget ConceptBudget Concept

The central budget for next financial year is likely to be presented in Parliament latest by February 2 or earlier, about a month ahead of the usual last working day of February.

In a number of steps aimed at reforming the process, the government has also decided to merge the Railways Budget with the Union Budget, and do away with the Plan and Non-Plan classification of expenditure.

In the context of formulating the proposals for the Union Budget of 2017-18, the Finance Ministry said it would "like to be benefited" by the suggestions and views of your Association".

"You may like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justifications for the same," it said in a communication to industry and trade associations.

The ministry has sought the suggestion till October 18.

Yesterday, the Finance Ministry briefed Parliamentary Standing Committee on Finance about the rational of the proposed budget reforms.

The communication further said that the suggestions and view should be supplemented and justified by relevant statistical information about production, prices, and revenue implications of the changes suggested.

"The request for correction of inverted duty structure, if any for a commodity, should necessarily be supported by value addition at each stage of manufacturing of the commodity," it said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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