Doing Business in India to be Made Easy and Mutually Beneficial
Doing Business in India to be Made Easy and Mutually Beneficial 12th Plan Projects Investment of Rs 55,00,000 Crore in Infrastructure While presenting the Budget for 2013-14 , the Finance Minister , Shri P. Chidambaram Said that the growth rate of an economy is correlated with the investment rate. The key to restart the growth… Read More
Slew of Administrative Measures for Optimum Efficiency of the Tax Regime
The Finance Minister has proposed to continue the series of administrative measures for improving the overall efficiency of the tax regime. Presenting the Union Budget in the Lok Sabha today, Shri P.Chidambaram said that he proposed to expand the slew of administrative measures as below:- ¢ Expansion in the scope of annual information returns. ¢… Read More
India Budget 2013-14 as presented in Lok Sabha on 28 Feb 2013
Please find attached the transcript of the Finance Bill 2013, the Indian Budget 2013 -2014 as presented in the Lok Sabha by Union Finance Minister Shri P Chidambaram. Download the file attached Read More
India Budget 2013-14 Highlights
Direct Taxes 5% surcharge on domestic companies whose income exceeds Rs 1 crore 10 % surcharge on domestic companies whose income exceeds Rs 10 crores Surcharge on Dividend Distribution Tax (DDT) increased from 5 % to 10% Securities Transaction Tax (STT) rates cut on equity futures to 0.01% and for Mutual Funds to 0.001 %… Read More
Amendment in Juvenile Justice Act
In a meeting held by the Ministry of Home Affairs with Chief Secretaries of the State Governments and Director Generals of Police on 4.1.2013, a suggestion was made regarding lowering of the age of juveniles. However, the Committee on Amendments to Criminal Law under the Chairmanship of Justice J.S. Verma (Retd.), in its recommendations submitted on 23.1.2013,… Read More
GoI reprioritises Expenditure from Non-Plan to Plan in order to Meet 12th Plan Outlay
The Economic Survey 2012-13 presented by the Union Finance Minister, Shri P. Chidambaram in the Lok Sabha today observed that repriorisation of expenditure from non-Plan to Plan would be critical in meeting the proposed 12th Plan outlay. The total non-Plan expenditure as per Budget Estimates for 2012-13 is placed at Rs. 9,69,900 crore while the… Read More
Economic Survey Acknowledges Benefits of Market Diversification
The Economic Survey presented by the Finance Minister, Shri P. Chidambaram in the Parliament today expressed satisfaction over the strategy of market diversification There has been significant market diversification in India™s trade. Region wise, India™s exports to Europe and America have declined to 18.7 per cent and 19.5 percent respectively in 2012-13 from 25.9 per… Read More
Legal Services Show a Steady Annual Growth of 8.2%
Legal Services Show a Steady Annual Growth of 8.2% Free Legal Services Benefit More than 7.82 Lakh Person Legal services in the country have been growing at a steady annual rate of 8.2% from 2005-06 to 2011-12. The Indian legal profession consists of nearly 1.2 million registered advocates, about 950 Law schools and approximately 4… Read More
India Has Highest Increase in Share of Services in GDP at 8.1%
A comparison of the services performance of the top 15 countries for the 11 year period from 2001 to 2011 shows that the increase in share of services in GDP is the highest for India with 8.1 percentage points. These 15 top countries include major developed countries alongwith Brazil, Russia, India and China. While China™s… Read More
Key recommendations made by ASSOCHAM for Budget 2013-14
In the current economic environment of falling GDP growth and recession in many parts of global market, it is crucial that forthcoming Union Budget addresses indirect tax issues currently facing Indian industry and service sectors. In the backdrop of the current economic scenario, ASSOCHAM makes following key recommendation relating to indirect taxes which need to… Read More
Foundation for Revitalization of Local Health Traditions, Bangalore, Approved for Scientific Research Expenditure under Section 35(1)(ii)
SECTION 35(1)(ii) OF THE INCOME-TAX ACT, 1961 - SCIENTIFIC RESEARCH EXPENDITURE - APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS - FOUNDATION FOR REVITALIZATION OF LOCAL HEALTH TRADITIONS, BANGALORE NOTIFICATION NO. 13/2013 DATED 20-2-2013 It is hereby notified for general information that the organization Foundation for Revitalization of Local Health Traditions, Bangalore (PAN-AAATF 3402F) has been approved by the… Read More
Service Tax Filling – Form ST3 Details
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i) GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 01/2013-Service Tax New Delhi, the 22nd February, 2013 3 Phalguna, 1934 Saka G.S.R (E).-In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance… Read More
Government™s Key Initiatives to Boost Manufacturing
The Government has taken several initiatives to uplift overall business sentiment, boost investment, strengthen industry and in particular the manufacturing sector in the country. The Twelfth Five Year Plan document lays down broad strategies for spurring industrial growth. It recommends sector specific measures covering micro, small, medium and large industries in the formal as well… Read More
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