RUN UP TO UNION BUDGET 2008-09
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RUN UP TO UNION BUDGET 2008-09 |
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| Government will try to sustain high rates of economic growth while keeping prices under control, President Pratibha Patil told a joint session of Parliament ahead of Friday's budget. |
| Excise sops for six Re-hit sectors |
| Budget 2008-09 may provide a bailout package for six labour-intensive sectors hit most by the strengthening rupee. Textiles, gems & jewellery, handloom, handicraft, marine and leather may get excise waivers and an extension of interest rate subvention which expires in March. |
| Focus on Aam aadmi in Budget session |
| With the last Budget session of the 14th Lok Sabha starting from Monday, both the government and the Opposition are expected to use the Parliament floor for maximum political positioning for the next two months with an eye on a series ... |
| An important hurdle on the way to introducing GST at the Central level is the absence of a comprehensive goods tax, that is, a comprehensive availability of input tax credit of Central Excise duty to all goods... |
| Budget for these priorities |
| A rising rupee, worrisome inflation and a threatened fall in GDP have attracted the attention of the Government, apart from the usual volatility in the stock market. |
| That Fringe Benefit Tax, which was introduced by Mr PC in the 2005-06 Budget, is a highly successful revenue earner hardly needs to be over emphasized. |
| India Inc is not expecting any major announcement for itself in Budget 2008-09 as Finance Minister P Chidambaram is likely to focus on higher budgetary allocations |
| The UPA government and its Left allies agreed on Thursday that the coming Budget should be an ‘aam aadmi’ Budget. |
| What is the Budget all about? |
| Yet another Budget is around the corner. This will be UPA government's last full Budget as the government is set to face elections in May 2009. |
| Dematerialisation of tax deducted at source (TDS) certificates is likely to be deferred by a year from the proposed date of April 1, 2008. |
| Seeks amendment to Section 115 of the Income Tax Act. The Central Board of Direct Taxes (CBDT) has proposed several measures that are expected to have far-reaching implications for the capital market. |
| What will not change in the Budget |
| n a few days the papers will be full of the guesswork and forecasts in the run-up to the Union Budget 2008. Much advice will be aimed at the Finance Minister on what he should or should not do with the tax regime. |
| Wish-list: Pharma sector divided on excise duty relief |
| They speak in one voice when it comes to seeking tax sops for pharmaceutical research from the forthcoming Union Budget. |
| Chidambaram hints at a 'moderation' in tax rates |
| Finance Minister P Chidambaram on Tuesday reaffirmed that tax rates may be moderated in Budget 2008-09 due February 29 but linked it to better compliance by taxpayers. |
| Tax expert for scrapping of 5% R&D cess |
| Direct tax experts are of the view that given the new era of knowledge process outsourcing (KPO), and free movement of technology and design and drawings for betterment of Indian manufacturing.... |
| Tax body moots clubbing exemptions with deductions to eliminate MAT |
| The Direct Taxes Professionals’ Association (DTPA), in a recent pre-budget memorandum to Union Finance Minister, Mr P. Chidambaram, has suggested combining of all the Exemptions with Deductions under Chapter VIA of the Income-Tax Act. |
| With prices on the rise and our tax structure not adjusted for inflation, the middle-class and lower middle-class segments deserve a sizable tax relief in the forthcoming Budget. |