07 March 2008
THE FINANCE ACT INTRODUCED IN PARLIAMENT IN THE YEAR 2007 FOR BUDGET PROPOSALS FOR 2007-2008 CONTAINED A LEVY OF HIGHER EDUCATION CESS OF 1% IN ADDITION TO BASIC EDUCATION CESS OF 2%( THIS WAS INTRODUCED EARLIER) ON ALL TAXES DIRECT OR INDIRECT TAXES WHICH INCLUDES CUSTOMS ALSO. WHEN THE UNION PARLIAMENT PASSED A BILL FOR A LEVY ON ALL TAXES , IT IS IMMATERIAL WHETHER ANY PARTICULATR ACT HAS TO AGAIN CONTAIN SUCH LEVY. R.V.RAO
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