Community & General News
Union Budget Focuses on Rationalisation Measures in Indirect Taxes
16 March 2012 at 14:00Indirect Taxes Result in Net Revenue Gain of Rs. 45,940 Crore Presenting the General Budget for 2012-13 in LokSabha today, the Union Finance Minister ShriPranab Mukherjee has announced various rationalization measures like
Rs. 50 Lakh Crore Allocated to Infrastructure in Twelfth Plan; 50% Expected from Private Sector
16 March 2012 at 14:00Tax Free Bonds for Financing Infrastructure Doubled to Rs. 60,000 Crore More Sectors Eligible for Viability Gap Funding While presenting the Union Budget 2012-13 here today in LokSabha, ShriPranab Mukherjee, Finance Minist
Government Undertakes Financial Sector Legislative Reforms
16 March 2012 at 14:00The Union Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in the LokSabha today said that government proposes to take forward the process of Financial Sector Legislative Reforms. Announcing this during his Budget spee
Several Steps Proposed to Deepen the Reforms in Capital Market
16 March 2012 at 14:00The Union Finance Minister ShriPranab Mukherjee while presenting the General Budget 2012-13 in the LokSabha today has proposed a series of steps in deepening the reforms in Capital Market. These include: Allowing Qualified Foreign Investors
Rajiv Gandhi Equity Savings Scheme Launched
16 March 2012 at 13:59A new scheme called Rajiv Gandhi Equity Savings scheme is proposed in the Union Budget 2012-13 to encourage flow of saving in financial instruments and improve the depths of domestic capital market. The Union Finance Minister ShriPranab Mukherjee
Finance Bill, 2012
16 March 2012 at 13:47Chapter I Preliminary Chapter II Rates of Income Tax Chapter III Income Tax Wealth Tax Chapter IV Customs
Basic Customs Duty Reduced in Agriculture & Related Sectors
16 March 2012 at 13:46Carrying forward the initiatives taken for agriculture and agro-processing sectors, the Government proposed to reduce basic customs duty from 7.5 per cent to 2.5 per cent on sugarcane planter, root or tuber crop harvesting machine and rotary tiller
Duty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent
16 March 2012 at 13:46Large cars currently attract excise duty depending on their engine capacity and length. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee proposed to enhance the duty from 22 per cent to 24 per ce
Service Tax Exempted for Items on Negative List
16 March 2012 at 13:46Health Care, Services Provided by Charities, Religious Persons, Independent Journalists, Sportspersons Among Others also Exempted from Service Tax In his Budget Speech, the Union Finance Minister ShriPranab Mukherjee said
One Page Common Return for Central Excise and Service Tax Proposed
16 March 2012 at 13:46As a measure of harmonization between Central Excise and Service Tax, the Government has made a number of alignments. This was announced by the Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in LokSabha today. These
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