Income Tax News

ICAI welcomes the Union Budget

27 February 2010 at 10:16

ICAI welcomes the Union Budget presented by the Hon’ble Finance Minister Shri Pranab Mukherjee, which can

Posted in Income Tax | 2 comments | 10071 Views

Additional one per cent interest subvention to farmers

26 February 2010 at 17:42

Additional one per cent interest subvention to farmers REPAYMENT PERIOD OF LOAN BY FARMERS EXTENDED BY SIX MONTHS ENERAL BUDGET: 2010-11 Shri Pranab Mukherjee, Union Finance Minister, while presenting the Union Budget in Lok Sabha today, informed

Posted in Income Tax | 6159 Views

37 Per cent of total plan outlay for 2010-11 earmarked for social sector

26 February 2010 at 17:40

37 Per cent of total plan outlay for 2010-11 earmarked for social sector APPROPRIATE BANKING FACILITIES FOR HABITATIONS WITH POPULATION ABOVE 2000 AUGMENTATION OF RS.100 CRORE EACH FOR FINANCIAL INCLUSION FUND AND FINANCIAL INCLUSION TECHNOLOGY FUN

Posted in Income Tax | 4770 Views

1 PER CENT INTEREST SUBVENTION FOR HOUSING LOAN UP TO RS. 10 LAKH EXTENDED UPTO MARCH 31, 2011

26 February 2010 at 17:37

Allocation for Rajiv Awas Yojana enhanced to Rs. 1270 crore from last year’s Rs. 150 crore 1 PER CENT INTEREST SUBVENTION FOR HOUSING LOAN UP TO RS. 10 LAKH EXTENDED UPTO MARCH 31, 2011 GENERAL BUDGET 2010-11 The Finance Minister, Shri Pranab

Posted in Income Tax | 1 comments | 9555 Views

Fiscal deficit pegged at 5.5 per cent

26 February 2010 at 17:36

Fiscal deficit pegged at 5.5 per cent ROLLING TARGETS FOR 2011-12 AND 2012-13 TO BE 4.8 AND 4.1 PER CENT AN INCREASE OF 8.6 PER CENT ENVISAGED IN THE TOTAL EXPENDITURE IN 2010-11 GENERAL BUDGET 2010-11 Returning on the path of fiscal consolidatio

Posted in Income Tax | 1 comments | 3288 Views

Service Tax to be retained at 10%

26 February 2010 at 17:35

Service Tax to be retained at 10% CERTAIN NEW SERVICES TO BE BROUGHT WITHIN SERVICE TAX PURVIEW. LEGISLATIVE CHANGES TO PLUG REVENUE LEAKAGES TO REMOVE DISTORTIONS AND TO CLARIFY CERTAIN DOUBTS. PROCESS OF REFUND OF ACCUMULATED CREDIT TO EXPORTERS

Posted in Income Tax | 6393 Views

Substantial relief to individual tax payers

26 February 2010 at 17:34

Substantial relief to individual tax payers GENERAL BUDGET 2010-11 In the General Budget 2010-11 presented by the Finance Minister Shri Pranab Mukherjee in the Lok Sabha today, the income tax slabs for individuals have be

Posted in Income Tax | 4 comments | 6252 Views

CENTRAL EXCISE ON PETROL & DIESEL RAISED BY RE. ONE PER LITRE

26 February 2010 at 17:26

Rate reduction in Central Excise duties partially rolled back AD-VALOREM ON NON PETRO PRODUCTS & CARS INCREASED BY 2 PERCENT CENTRAL EXCISE ON PETROL & DIESEL RAISED BY RE. ONE PER LITREGENERAL BUDGET 2010-11 In the Union Budget 2010

Posted in Income Tax | 3603 Views

Major concessions for R and D in Scientific and Social Sectors

26 February 2010 at 17:25

Major concessions for R&D in Scientific and Social SectorsGENERAL BUDGET 2010-11 The Union Budget 2010-1

Posted in Income Tax | 2895 Views

Relief to small businesses and professionals with revised turnover basis for audit of accounts

26 February 2010 at 17:20

Relief to small businesses and professionals with revised turnover basis for audit of accounts BENEFIT OF INVESTMENT LINKED DEDUCTION EXTENDED TO NEW HOTELSGENERAL BUDGET 2010-11 In the Union Budget 2010-11 presented by the Finance Minister Shr

Posted in Income Tax | 4983 Views