Community & General News
Many Concessions in Customs Duty Announced
28 February 2013 at 14:23Duty on Certain Machinery for Manufacture of Leather and Leather Goods Reduced Duty on Pre-Forms of Precious and Semi-Precious Stones Drastically cut However, to Encourage Domestic Production Duty on set Top Boxes Doubled; Duty on Raw Silk Tripled
No Change in the Normal Rates of Excise Duty and Service Tax
28 February 2013 at 14:22Peak Rate of basic Customs Duty for Non-Agricultural Products also Untouched There is no change in the peak rate of basic customs duty of 10% for non-agricultural products. Presenting the Union Budget in Lok Sabha today, the Finance Minister annou
Finance Bill 2013
28 February 2013 at 14:05Chapter I-Preliminary Chapter II-Rates of Income Tax Chapter III-Income Tax Chapter III-Wealth Tax Chapter IV-Customs Chapter IV-Excise Chapter V-Service Tax Chapter VI-Service Tax Voluntary Compliance Encouragement Scheme,2013 Cha
Budget Speech by Hon'ble Finance Minister FY 2013
28 February 2013 at 13:53Budget Speech by Hon'ble Finance Minister FY 2013
Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore
28 February 2013 at 13:51Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore; Tax Administration Reforms Commission to be set up; Tobacco Products, SUVs and Mobile Phones to Cost More The General Budget reiterates that clarity in tax laws, a stable tax regime, a
Parity in Taxation between IDF - Mutual Fund and IDF-NBFC
28 February 2013 at 13:47The Finance Bill 2013 proposes to provide parity in taxation between an IDF-Mutual Fund that distributes income and an IDF-NBFC that pays interest when the payment is made to a non-resident. Presenting the Union Budget in the Lok Sabha today, the
Securitisation Trust to be Exempted from Income Tax
28 February 2013 at 13:46The Finance Bill 2013 proposes to exempt the Securitisation Trust from Income Tax. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that this will facilititate the financial institutions to securitis
Doing Business in India to be Made Easy and Mutually Beneficial
28 February 2013 at 13:4612th Plan Projects Investment of Rs 55,00,000 Crore in Infrastructure While presenting the Budget for 2013-14 , the Finance Minister , Shri P. Chidambaram Said that the growth rate of an economy is correlated with the investment rate. The key to
Rate of Tax on Investment Made through a Designated Bank Account in Rupee Dominated Long Term Infrastructure Bonds Reduced
28 February 2013 at 13:43The Finance Bill 2013-14 proposes reduction of tax on interest in respect of investment made through a designated bank account in Rupee dominated long term infrastructure bond from 20 percent to 5 percent. Presenting the Union Budget in the Lok Sabh
Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments
28 February 2013 at 13:42The Finance Bill 2013 proposes extension of benefits under Section 80-D of the Income Tax Act to such schemes of the Central Govt and State Govts that are similar to Central Govt. Health Scheme(CGHS). Presenting the Union Budget in the Lok Sabha t
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