Budget 2014: Hikes customs duty on flat steel products to 7.5% from 5%
Budget 2014: To cut basic customs duty on some petrochemical units. Exempting picture tubes from basic customs duty
Discuss live budget 2014 updates !
Page no : 7
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
FM 1. Announces reduction in excise duty for specified food package industry from 10% to 6%.
2. Export duty on bauxite enhanced from 10% to 20%
rakhi agarwal
(student)
(189 Points)
Replied 10 July 2014
tax slab rate increase from 200000 to 250000 for individuals below 60 yrs and for senior citizen 250000 to 300000
BSRAY
(self professional!)
(22 Points)
Replied 10 July 2014
Nothing has been mentioned for STT/S. Tax either exemption or reducing on this budget, which is the need of hour
For bank sectors also complete revamping, modernization and amalgamation of big size bank with so called small banks has been mentioned
I don't know On what way this budget will bring achhe din ayega into ground materiality
Ishita Sen
(Finance Professional)
(197 Points)
Replied 10 July 2014
#Budget 2014
1. Print media to continue to be exempted from Service Tax
2. Service Tax proposed on radio taxis
3. To extend Service tax on advtg in Mobile phone media space
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
Budget 2014: Ups excise duty on gutka to 70% from 60%
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
Budget 2014: Tax proposals on indirect tax front would yield Rs. 7,525 cr
SAKSHI JAIN
(Paid Assistant)
(27 Points)
Replied 10 July 2014
Advance Ruling for Resident also (earlier it was for non resident and PSU only)
kapil pasricha
(CA Finalist)
(248 Points)
Replied 10 July 2014
excise duty reduced on footwear.... 12% to 6 % now...
Shaktisinh Parmar
(Partner)
(58 Points)
Replied 10 July 2014
Tax exemption limit increased by Rs. 50000 from Rs. 200000 to Rs.250000 and Deduction under section 80C increased by Rs.50000 from Rs.100000 to Rs.150000.
Also interest on housing loan exemption limit increased from 150000 to 200000
Shaktisinh Parmar
(Partner)
(58 Points)
Replied 10 July 2014
Tax exemption limit increased by Rs. 50000 from Rs. 200000 to Rs.250000 and Deduction under section 80C increased by Rs.50000 from Rs.100000 to Rs.150000.
Also interest on housing loan exemption limit increased from 150000 to 200000
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