CAclubindia News
Several Steps Proposed to Deepen the Reforms in Capital Market
16 March 2012 at 14:00The Union Finance Minister ShriPranab Mukherjee while presenting the General Budget 2012-13 in the LokSabha today has proposed a series of steps in deepening the reforms in Capital Market. These include: Allowing Qualified Foreign Investors
Rajiv Gandhi Equity Savings Scheme Launched
16 March 2012 at 13:59A new scheme called Rajiv Gandhi Equity Savings scheme is proposed in the Union Budget 2012-13 to encourage flow of saving in financial instruments and improve the depths of domestic capital market. The Union Finance Minister ShriPranab Mukherjee
Finance Bill, 2012
16 March 2012 at 13:47Chapter I Preliminary Chapter II Rates of Income Tax Chapter III Income Tax Wealth Tax Chapter IV Customs
Basic Customs Duty Reduced in Agriculture & Related Sectors
16 March 2012 at 13:46Carrying forward the initiatives taken for agriculture and agro-processing sectors, the Government proposed to reduce basic customs duty from 7.5 per cent to 2.5 per cent on sugarcane planter, root or tuber crop harvesting machine and rotary tiller
Duty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent
16 March 2012 at 13:46Large cars currently attract excise duty depending on their engine capacity and length. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee proposed to enhance the duty from 22 per cent to 24 per ce
Service Tax Exempted for Items on Negative List
16 March 2012 at 13:46Health Care, Services Provided by Charities, Religious Persons, Independent Journalists, Sportspersons Among Others also Exempted from Service Tax In his Budget Speech, the Union Finance Minister ShriPranab Mukherjee said
One Page Common Return for Central Excise and Service Tax Proposed
16 March 2012 at 13:46As a measure of harmonization between Central Excise and Service Tax, the Government has made a number of alignments. This was announced by the Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in LokSabha today. These
Service Tax Rate Raised from 10 Per Cent to 12 Per Cent
16 March 2012 at 13:44The Service tax rate has been marginally raised from 10 per cent to 12 per cent. Presenting the Union Budget 2012-13 in LokSabha today, the Union Finance Minister ShriPranab Mukherjee said that to maintain a healthy fiscal situation, the Government
Full Exemption from Basic Customs Duty Given to Certain Infrastructure Sectors
16 March 2012 at 13:34The Finance Minister ShriPranab Mukherjee has announced full exemption from basic customs duty and a concessional CVD of 1 per cent to Steam coal for a period of two years till March 31, 2014. While presenting the Union Budget 2012-13 in LokSabha
Gross Tax Receipts Estimated at Rs.10,77,612 Crore-19.5% Increase Over 2011-12
16 March 2012 at 13:34Gross Tax Receipts Estimated at Rs.10,77,612 Crore-19.5% Increase Over 2011-12 Re Indirect Tax Revenue Growth Estimated at 26.7% &Direct Tax Revenue Growth at 13.9% Over 2011-12. Total Expenditure Estimatedrs. 14,90,925 Crore
Popular News
- State GST Department Detects Rs 157.87 Crore Turnover Suppression in Restaurant Inspections
- MCA Extends Deadline for Filing CRA-4 Cost Audit Report in XBRL Format Till 31st December 2025
- CBDT Empowers Commissioner, CPC Bengaluru to Rectify and Issue Demands for Certain Income Tax Cases
- Punjab & Haryana High Court Warns CBDT of Contempt for Delay in Extending ITR Deadline for Audited Cases
- CBDT Extends ITR and Audit Report Due Dates for AY 2025-26
Trending Online Classes
CAclubindia
