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Point of Taxation Rules, 2011-Changes effect from Apr 1, 2012
16 March 2012 at 23:271. The time period for issuance of invoice is being increased to 30 days ordinarily and 45 days for banks and financial institutions (to reconcile with the business practice of issuing monthly statement). These changes are being provided in Rule
Rs 60,000 crore tax free bonds to finance infrastructure projects
16 March 2012 at 23:26During the 12th Plan period, infrastructure investment is expected to cross Rs 50 lakh crores, with half it coming from the private sector. For funding the infrastructure projects, Tax Free Bonds of Rs 30,000 crores were announced during 2011-12
50% tax deduction to be available under Rajiv Gandhi Equity Savings Scheme
16 March 2012 at 23:26To encourage flow of savings in financial instruments and improve the depth of domestic capital market a new scheme called Rajiv Gandhi Equity Savings Scheme is being introduced. The scheme would allow for income tax deduction of 50 per cent to ne
Union Budget spells out five pronged strategy to manage growth
16 March 2012 at 23:26The Union Budget 2012-13 presented by the Finance Minister Mr. Pranab Mukherjee identifies five objectives to to be addressed effectively in the ensuing fiscal year. They are growth recovery driven by domestic demand, boost to private investment,
PM's interview on the Union Budget - 2012-13
16 March 2012 at 17:51Following is the text of the Prime Minister, Dr. Manmohan Singh’s interview after the Union Budget 2012-13: Question - There was a decline in our GDP growth. It is now 6.9% - that was a wake-up call. Hopefully we’re now awake. What d
Central Excise Notification No 05/2012 to 19/2012 dated 17-3-2012
16 March 2012 at 15:51Central Excise Notification No 05/2012 to 19/2012 dated 17-3-2012
Service Tax Notification No 01/2012 to 15/2012 dated 17-3-2012
16 March 2012 at 15:51Service Tax Notification No 01/2012 to 15/2012 dated 17-3-2012
Amendments to be Moved to Banking Laws and Insurance Laws
16 March 2012 at 14:39The official amendments to The Pension Fund Regulatory and Development Authority Bill 2011, The Banking Laws (Amendment) Bill, 2011 and The Insurance Laws (Amendment) Bill 2008 will be moved in the current
Excise Duty on 'Demerit' Goods Hiked as a Measure for Additional Resource Mobilisation
16 March 2012 at 14:12The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda scented tobacco. While presenting the Budg
Budget Speech by Hon'ble Finance Minister FY 2012
16 March 2012 at 14:08Budget Speech by Hon'ble Finance Minister FY 2012
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