Fwd: FW: KPMG Flash News: India Vote-on-Account/Interim Budget 2014

[Kedar Pande]

CA Kedar Pande
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From: "Sarangi Rajendra" <Rajendra...@hoganas.com>
Date: Feb 18, 2014 8:40 AM
Subject: FW: KPMG Flash News: India Vote-on-Account/Interim Budget 2014
To: "kedar...@gmail.com" <kedar...@gmail.com>
Cc:

 

 

From: IN-FM India Tax Knowledge Management [mailto:india...@kpmg.com]
Sent: 18 February 2014 07:56
Subject: KPMG Flash News: India Vote-on-Account/Interim Budget 2014

 

 

 

India Vote-on-Account/Interim Budget 2014 Tax Knowledge   Management As the term of present Government is nearing an end, the Hon’ble Finance Minister, Mr. P Chidambaram presented a Vote-On-Account/Interim Budget 2014 in the Lok Sabha. The Finance Minister discussed the performance of the present Government for the last two terms along with the state of the economy dealing with the investment, foreign trade, manufacturing, infrastructure and certain issues having an impact on the economy of the country.  Apart from highlighting the Government’s performance in last two terms across sectors, the Vote-On-Account/Interim Budget made no changes to the Direct Tax provisions but announced a few Indirect Tax measures.   The Direct Tax rates given in the Interim Budget are relevant for the purpose of advance tax and deduction of tax at source for the Assessment Year 2015-16.The Interim Budget and the tax rates are subject to the final budget to be presented in the Parliament by the forthcoming Government post central elections.   We are attaching our Flash News on the same. We hope you will find this Flash News informative and useful.   Regards Tax Knowledge Management Team   To unsubscribe please click here     KPMG, Lodha Excelus, Apollo Mills Compound, NM Joshi Marg, Mahalaxmi, Mumbai - 400 011 Phone: +91 22 3989 6000, Fax: +91 22 3090 2210 © 2014 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and “cutting through complexity“ are registered trademarks of KPMG International Cooperative (“KPMG International”), a Swiss entity This document is meant for e-communications only.

 

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