Others News

No Change in the Normal Rates of Excise Duty and Service Tax

28 February 2013 at 14:22

Peak Rate of basic Customs Duty for Non-Agricultural Products also Untouched There is no change in the peak rate of basic customs duty of 10% for non-agricultural products. Presenting the Union Budget in Lok Sabha today, the Finance Minister annou

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Finance Bill 2013

28 February 2013 at 14:05

Chapter I-Preliminary Chapter II-Rates of Income Tax Chapter III-Income Tax Chapter III-Wealth Tax Chapter IV-Customs Chapter IV-Excise Chapter V-Service Tax Chapter VI-Service Tax Voluntary Compliance Encouragement Scheme,2013 Cha

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Budget Speech by Hon'ble Finance Minister FY 2013

28 February 2013 at 13:53

Budget Speech by Hon'ble Finance Minister FY 2013

Posted in Others | 1 comments | 3627 Views

Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore

28 February 2013 at 13:51

Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore; Tax Administration Reforms Commission to be set up; Tobacco Products, SUVs and Mobile Phones to Cost More The General Budget reiterates that clarity in tax laws, a stable tax regime, a

Posted in Others | 3 comments | 3558 Views

Parity in Taxation between IDF - Mutual Fund and IDF-NBFC

28 February 2013 at 13:47

The Finance Bill 2013 proposes to provide parity in taxation between an IDF-Mutual Fund that distributes income and an IDF-NBFC that pays interest when the payment is made to a non-resident. Presenting the Union Budget in the Lok Sabha today, the

Posted in Others | 3963 Views

Securitisation Trust to be Exempted from Income Tax

28 February 2013 at 13:46

The Finance Bill 2013 proposes to exempt the Securitisation Trust from Income Tax. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that this will facilititate the financial institutions to securitis

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Doing Business in India to be Made Easy and Mutually Beneficial

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

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

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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Two More Services included in the Negative list for Service Tax

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

Posted in Others | 2 comments | 15585 Views