Income Tax News


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 |   2904 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 |   5043 Views


Reforms process in tax administration taken forward

   26 February 2010 at 15:09

Reforms process in tax administration taken forwardGENERAL BUDGET 2010-11 The General Budget 2010-11 has carried forward the process of reforms in tax administration in the country. The citizen-centric initiative “Sevottam” which was l

Posted in Income Tax |   2823 Views


Indian Rupee to get a symbol, join the select club of currencies

   26 February 2010 at 14:58

Indian Rupee to get a symbol, join the select club of currencies GENERAL BUDGET 2010-11 The Finance Minister, S

Posted in Income Tax  1 comments |   4569 Views


Uniform basic duty of 5 per cent and cvd of 4 per cent on import of medical equipment

   26 February 2010 at 14:41

Uniform basic duty of 5 per cent and cvd of 4 per cent on import of medical equipment SPECIFIED INPUTS FOR ORTHOPAEDIC IMPLANTS EXEMPTED FROM IMPORT DUTY GENERAL BUDGET 2010-11 A uniform concessional basic duty of 5 per cent, CVD of 4

Posted in Income Tax |   3063 Views


Fund corpus for Micro-Finance Development and Equity Fund doubled to Rs. 400 crore

   26 February 2010 at 14:38

Fund corpus for Micro-Finance Development and Equity Fund doubled to Rs. 400 crore HIGH LEVEL COUNCIL ON MICRO AND SMALL ENTERPRISES TO MONITOR IMPLEMENTATION OF RECOMMENDATIONS OF PRIME MINISTER’S HIGH-LEVEL TASK FORCE EXTENSIVE SKILL DE

Posted in Income Tax |   2649 Views


FULL EXEMPTION FROM EXCISE DUTY TO TRAILERS & SEMI-TRAILERS

   26 February 2010 at 14:37

Major tax relief to agriculture & related sectors PROJECT IMPORT STATUS FOR THE SETTING UP OF COLD STORAGES FULL EXEMPTION FROM EXCISE DUTY TO TRAILERS & SEMI-TRAILERSGENERAL BUDGET 2010-11 The Union Budget 2010-11 presented by the F

Posted in Income Tax |   4995 Views


New tax incentives announced for Infrastructure Sector

   26 February 2010 at 14:37

New tax incentives announced for Infrastructure Sector GENERAL BUDGET 2010-11 Shri Pranab Mukherjee, the Finance Minister while presenting the Union Budget in Lok Sabha today announced grant of project import status to ‘Monorail pro

Posted in Income Tax |   2859 Views


Infotainment sector to benefit from concessional customs duty

   26 February 2010 at 14:33

Infotainment sector to benefit from concessional customs dutyGENERAL BUDGET 2010-11The Union Budget 2010-11 seeks to address the needs of multi-service operators to invest in ‘Digital Head End’ equipment to adopt digital technology and ke

Posted in Income Tax |   1806 Views


New tax incentives announced for Infrastructure Sector

   26 February 2010 at 14:32

New tax incentives announced for Infrastructure Sector GENERAL BUDGET 2010-11 Shri Pranab Mukherjee, the Finance Minister while presenting the Union Budget in Lok Sabha today announced grant of project import

Posted in Income Tax |   2142 Views



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