Author : EconomyWatch

Revenue expenditure is a reserve of money used by an establishment to acquire or upgrade physical assets. Revenue expenditure is beneficial for the current business year.Comparison: Revenue expenditure and...

Fiscal deficit is an economic phenomenon, where the Government's total expenditure surpasses the revenue generated . It is the difference between the government's total receipts (excluding borrowing) and total...

Indirect taxes are the charges that are levied on goods and services. Some of the significant indirect taxes include VAT (Value Added Tax), sales tax, excise tax, stamp duties...

A budget is a detailed plan of personal or business spending over a period of time. Budgets are quantitative or financial statements prepared for the purpose of attaining a...

Union Budget 2003-2004 HIGHLIGHTS OF BUDGET 2003-04 · No Change In Income-Tax And Corporate Tax Rates. · 5 Per Cent Surcharge On Personal Income-Tax Goes . · Surcharge For...

Duty on major bulk plastics like PVC, LDPE and PP from 10 per cent to 5 per cent. Simultaneously, the duty on naptha for plastics will be reduced to...

Budget for the year 2007-08 has come up without marking any significant change the tax scenario of the country. No changes are being marked particularly in the direct tax...

It was observed lately and even commented by eminent leaders of the country that a lot of fund was being channelized for financing subsidies in the guise of equities....

Abstract:In this paper we will discuss the possible tax exemptions in the budget 2008 -09. The government may also remove the surcharge. Therefore, the corporate tax payers will have...

Federation of Indian Airlines (FIA) has pinned its hope on Budget 2008. FIA is looking forward to Budget 2008 so that the Finance Minister takes up certain matters related...