Highlights of Budget 2009

Page no : 2

CMA ASHISH (MANAGER ACCOUNTS) (30 Points)
Replied 06 July 2009

Hi Nikita

Thanks for your help to attend budget from my office

 

 


CA Nikita (Chartered Accountant) (4158 Points)
Replied 06 July 2009

New direct tax code in 45 days


CA Nikita (Chartered Accountant) (4158 Points)
Replied 06 July 2009

Dual GST - Central GST and State GST... GST by April 2010


Rashmi (CA) (83 Points)
Replied 06 July 2009

Thanks for the info.... Gr8 job!! well done...


CA Nikita (Chartered Accountant) (4158 Points)
Replied 06 July 2009

  • Anonymous funds to charitable bodies get some tax relief

  • Commodities Transaction Tax to be abolished

  • MAT hiked to 15% of book profit

  • Fringe Benefit Tax to be scrapped

  • Surcharge on personal Income tax slashed by 10%

  • Hike in IT exemption for women to Rs 1,90,000

  • Hike in IT exemption to Rs 2,40,000 for senior citizens

    and by Rs.10,000 from Rs.1.50 lakh to Rs.1.60 lakh for all

    other categories of individual taxpayers.



CA Nikita (Chartered Accountant) (4158 Points)
Replied 06 July 2009

10A 10 B not allowed after 2010


CA Nikita (Chartered Accountant) (4158 Points)
Replied 06 July 2009

No Surcharge on direct taxes


rizwan mohamed (articled trainee) (36 Points)
Replied 06 July 2009

tax slabs pls ?


CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 06 July 2009

as per details provided by NIKITA... the tax slabs will be now...

For Women its 190000

For Senior Citizen its 235000

And for rest all its 160000


rizwan mohamed (articled trainee) (36 Points)
Replied 06 July 2009

is der no change for individual basic exemption limit nikita ?



CA Kartik Pandya (CHARTERED ACCOUNTANT) (772 Points)
Replied 06 July 2009

good going Nikita

CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 06 July 2009

hi nikita,, was senior citizen's last year exemption 230000, coz to my knowledge it was 225000 and after 10000 incremental its 235000


rizwan mohamed (articled trainee) (36 Points)
Replied 06 July 2009

it was 225000 man


Jay (Consultant) (22 Points)
Replied 06 July 2009

For Senior Citizens exemption has been raised by Rs 15,000. Now it will be Rs. 240000.
 



CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 06 July 2009

so now it goes to 235000



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