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Browse News Union Budget News

Displaying 20 - 30 of 42 in 5 pages

Doing Business in India to be Made Easy and Mutually Beneficial

On 28 February 2013 at 13:46

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 ...

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0 comments | 123 hits


Work on Draft GST Constitutional Amendment Bill and GST Law Expected to be taken Forward

On 28 February 2013 at 13:44

Rs. 9,000 Crore set Apart for the 1st Instalment of the Balance of CST Compensation to States The Finance Minister Shri P. Chidambaram presenting the Union Budget in Lok Sabha today has expressed the hope that the consensus on providing for a Go ...

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0 comments | 260 hits


Rate of Tax on Investment Made through a Designated Bank Account in Rupee Dominated Long Term Infrastructure Bonds Reduced

On 28 February 2013 at 13:43

The Finance Bill 2013-14 proposes reduction of tax on interest in respect of investment made through a designated bank account in Rupee dominated long term infrastructure bond from 20 percent to 5 percent. Presenting the Union Budget in the Lok Sabh ...

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0 comments | 141 hits


Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments

On 28 February 2013 at 13:42

The Finance Bill 2013 proposes extension of benefits under Section 80-D of the Income Tax Act to such schemes of the Central Govt and State Govts that are similar to Central Govt. Health Scheme(CGHS). Presenting the Union Budget in the Lok Sabha t ...

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0 comments | 303 hits


Two More Services included in the Negative list for Service Tax

On 28 February 2013 at 13:42

‘Voluntary Compliance Encouragement Scheme’ Proposed to Motivate Defaulters to File Service tax Returns and Pay Dues All Air Conditioned Restaurants to Come under Service Tax Net To motivate about 10 lakh of those registered assess ...

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2 comments | 2868 hits


Need for Increasing The Tax GDP Ratio

On 28 February 2013 at 13:38

Presenting the Union Budget in the Parliament today, the Finance Minister Shri P.Chidambaram underlined the need for increasing the Tax GDP ratio. The Finance Minister said that in FY 2011-12, the Tax GDP ratio was 5.5 percent for direct taxes and ...

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0 comments | 69 hits


Clarity in Tax Laws, Stable Tax Regime, Non-Adversarial Tax Administration, Dispute Resolution and Independent Judiciary - The Theme of Tax Proposals

On 28 February 2013 at 13:38

Presenting the Union Budget in the Parliament today, the Finance Minister Shri P.Chidambaram underlined the theme of the tax proposals to be based on the following parameters:- • Clarity in tax laws. • Stable tax regime. • Non ...

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0 comments | 102 hits


Customs Duty on Imported Luxery Goods Such as high End Motor Vehicles, Motorcycles, etc. Increased

On 28 February 2013 at 13:36

However, Environment-Friendly Vehicles given benefit of Extended Period of Concession Aircraft Manufacture, Repair and Overhaul Industry also given Certain Concessions Duty free limit for Bringing Jewellery by Elligible Passengers increased The cu ...

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0 comments | 114 hits


Tax Administration Reforms Commission to be Set Up

On 28 February 2013 at 13:35

The Finance Bill 2013-14 proposes to set up a Tax Administration Reforms Commission(TARC). Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that proposed Commission will review the application of tax ...

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0 comments | 90 hits


Work on the Direct Taxes Code (DTC) in Progress

On 28 February 2013 at 13:34

The Finance Minister Shri P.Chidambaram has said that the work on Direct Taxes Code (DTC) is in progress. Presenting the Union Budget in the Lok Sabha today, he said that the DTC is not intended to be an amended version of the Income-Tax Act, 1961 ...

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0 comments | 392 hits







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