Union budget 2013-14 highlights 28.02.2013

Simran (Student) (1165 Points)

28 February 2013  

 

Union Budget 2013-14 is going to be presented by Hon'ble Finance Minister's on 28/02/2012. we will updates you the major changes in the budget 2013
  1. Post office will be converted  in to Banks.
  2. 50000 cr Tax free bonds will be continued
  3. Additional house loan deduction loan up to 25,00,000
  4. No change in Income Tax slabs or exemption limit
  5. 10 % surcharge on Income above 1 crore
  6. Education cess remains 3 %
  7. Rajiv Gandhi equity scheme extended up to 3 year and limit extended for 12 lakh.
  8. No change in service tax and excise duty.
  9. 15 % addition allowance for new investment in plants up to 100 cr
  10. excise duty on cigrates increased to 18%
  11. Excise duty on marbles increased
  12. Excise duty/import duty increased to 6 % from 1 % for mobile value more than 2000/-.
  13. Service tax will be  applicable on all AC -restaurant
  14. excise duty increased on SUV increased.
  15. STT reduced but CTT imposed
  16. 1 % Tds on immovable property (value more than 50 Lakh)
- See more at: https://www.simpletaxindia.net/2013/02/union-budget-2013-14-highlights-28022013.html#sthash.7aItXwrd.dpuf

 

 

UNION BUDGET 2013-14 HIGHLIGHTS 28.02.2013

  1. Post office will be converted  in to Banks.
  2. 50000 cr Tax free bonds will be continued
  3. Additional house loan deduction loan up to 25,00,000
  4. No change in Income Tax slabs or exemption limit
  5. 10 % surcharge on Income above 1 crore
  6. Education cess remains 3 %
  7. Rajiv Gandhi equity scheme extended up to 3 year and limit extended for 12 lakh.
  8. No change in service tax and excise duty.
  9. 15 % addition allowance for new investment in plants up to 100 cr
  10. excise duty on cigrates increased to 18%
  11. Excise duty on marbles increased
  12. Excise duty/import duty increased to 6 % from 1 % for mobile value more than 2000/-.
  13. Service tax will be  applicable on all AC -restaurant
  14. excise duty increased on SUV increased.
  15. STT reduced but CTT imposed
  16. 1 % Tds on immovable property (value more than 50 Lakh)