Income Tax News

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

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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

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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

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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

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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

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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

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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

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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

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