CAclubindia News

Many Concessions in Customs Duty Announced

28 February 2013 at 14:23

Duty on Certain Machinery for Manufacture of Leather and Leather Goods Reduced Duty on Pre-Forms of Precious and Semi-Precious Stones Drastically cut However, to Encourage Domestic Production Duty on set Top Boxes Doubled; Duty on Raw Silk Tripled

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No Change in the Normal Rates of Excise Duty and Service Tax

28 February 2013 at 14:22

Peak Rate of basic Customs Duty for Non-Agricultural Products also Untouched There is no change in the peak rate of basic customs duty of 10% for non-agricultural products. Presenting the Union Budget in Lok Sabha today, the Finance Minister annou

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Finance Bill 2013

28 February 2013 at 14:05

Chapter I-Preliminary Chapter II-Rates of Income Tax Chapter III-Income Tax Chapter III-Wealth Tax Chapter IV-Customs Chapter IV-Excise Chapter V-Service Tax Chapter VI-Service Tax Voluntary Compliance Encouragement Scheme,2013 Cha

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Budget Speech by Hon'ble Finance Minister FY 2013

28 February 2013 at 13:53

Budget Speech by Hon'ble Finance Minister FY 2013

Posted in Others | 1 comments | 3624 Views

Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore

28 February 2013 at 13:51

Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore; Tax Administration Reforms Commission to be set up; Tobacco Products, SUVs and Mobile Phones to Cost More The General Budget reiterates that clarity in tax laws, a stable tax regime, a

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Parity in Taxation between IDF - Mutual Fund and IDF-NBFC

28 February 2013 at 13:47

The Finance Bill 2013 proposes to provide parity in taxation between an IDF-Mutual Fund that distributes income and an IDF-NBFC that pays interest when the payment is made to a non-resident. Presenting the Union Budget in the Lok Sabha today, the

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Securitisation Trust to be Exempted from Income Tax

28 February 2013 at 13:46

The Finance Bill 2013 proposes to exempt the Securitisation Trust from Income Tax. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that this will facilititate the financial institutions to securitis

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Doing Business in India to be Made Easy and Mutually Beneficial

28 February 2013 at 13:46

12th Plan Projects Investment of Rs 55,00,000 Crore in Infrastructure While presenting the Budget for 2013-14 , the Finance Minister , Shri P. Chidambaram Said that the growth rate of an economy is correlated with the investment rate. The key to

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Work on Draft GST Constitutional Amendment Bill and GST Law Expected to be taken Forward

28 February 2013 at 13:44

Rs. 9,000 Crore set Apart for the 1st Instalment of the Balance of CST Compensation to States The Finance Minister Shri P. Chidambaram presenting the Union Budget in Lok Sabha today has expressed the hope that the consensus on providing for a Go

Posted in GST | 5289 Views

Rate of Tax on Investment Made through a Designated Bank Account in Rupee Dominated Long Term Infrastructure Bonds Reduced

28 February 2013 at 13:43

The Finance Bill 2013-14 proposes reduction of tax on interest in respect of investment made through a designated bank account in Rupee dominated long term infrastructure bond from 20 percent to 5 percent. Presenting the Union Budget in the Lok Sabh

Posted in Others | 2880 Views