Income Tax News

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 | 6390 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 | 6237 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 | 2886 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 | 4980 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 | 2796 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 | 4512 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 | 2949 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 | 2580 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 | 4941 Views