Yoga included in the ambit of charitable purposes under the Income Tax Act.

Service tax is 14% and Excise duty is 12.5.%Again lot of litigation for differnce of 1.5. Better to make Excise 12.5% or both 13%.

Budgets Update: 1. Disinvestment in Loss making unit 2. Allocating 5300 cr for Micro irrigation 3.Tax free infra bonds in Rail, Roads 4.Rural infrastructure to be 2500 cr 5. Suraksha Bima Covrage to give coverage of 2 lac by premium of 12 each year 6.Housing for all to be implemented by 2022 7.GST to be put in place by 01.04.2016 8. Direct Cash transfer of subsidy to 1.1 lac crore 9.Banking the unbanked,funded the unfunded 10.Propose to introduce Gold Monetisation scheme 11.Job scheme for minority youth without school certificate 12.Less paper work for e-commerce projects 13.Proposed Gold bond instead of purchasing Gold as metal 14.Rs.34699 cr allocated to Manrega 15.Rs. 25000 cr for rural infrastructure 16. Intial sum of Rs. 150 cr to create IT hub 17.Govt to allocate Rs. 75 cr to electric vehicles 18.Another Rs. 1000 cr to Nirbhaya fund for Mahila Suraksha 19.New AIMS to be setup in J&K, Punjab, Tamilnadu, Aasam, Bihar 20.Rs.68960 for education and mid day meals 21. Reduce Corporate tax rate to 25% from 30%.over next 4 years 22.Cut down the various exemptions 23.New law for Black Money 24.10 year punishment for black money 25.Non filling of return punishable now. 26. Foreign assets hold and not disclosed is punishable now 27. Applicability of GAAR deferred till 2017 28.Wealth Tax abolished and 2% additional surcharge on super Rich imposed 29.Exemption of individual tax payer to continue 30.Pan madatory for any sale exceeding 1 lac 31.Penalty for evaders will be 10 years in jail 32.Benami property will face more tax heat 33.100% deduction in contribution to swachh abhiyan 34.Transport allowance exemption limit increases from 800 to 1600 per month 35.Excise duty now raised by 12.50% 36. Tax rebate in health insurance now 25000 instead of 15000 37. service tax enhanced to 14% 38. Mediclaim for senior citizen now 30000 39.Mat rules to be rationalized for FIIs 40. No changes in tax slab 41. Income tax on Royalty cut to 10% 42. Total subsidy would be in f.y2015-16 of Rs. 2.27 lac crore 43.Leather footwear will be cheaper

Can u tell... Dat these changes will apply fr may 2015 ipcc or not.....st nd all

I think in my view the budget is more concentrated on foreign investors to invest