Others News

Unexplained Money to be Taxed at 30 Per Cent

16 March 2012 at 13:24

Slew of Measures Proposed to Deter Generation and Use of Unaccounted Money Tax Collection at Source on Cash Purchase of Bullion/Jewellery Above Rs. 2 Lakh Tax Collection at Source on Trading in Coal, Lignite and Iron Ore Unexplained Money to be

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Measures Introduced to Allow Corporates to Access Lower Cost Funds; Promote Higher Level of Investments in Several Sectors

16 March 2012 at 13:21

Rate of Withholding Tax on Interest Payments on ECBs Proposed to be Reduced to 5 Per Cent From 20 Per Cent Restriction on Venture Capital Funds to Invest in Specified Sectors Removed Rate of Investment Linked Deduction of Cap

Posted in Others | 2280 Views

Exemption Limit for Individual Taxpayers Raised to Rs. 2 Lakh-Upper Limit of 20 Per Cent Tax Slab Raised to Rs. 10 Lakh

16 March 2012 at 13:18

Exemption Limit for Individual Taxpayers Raised to Rs. 2 Lakh Upper Limit of 20 Per Cent Tax Slab Raised to Rs. 10 Lakh Deduction up to Rs. 10,000 Proposed for Savings Bank Interest Senior Citizens not Having Income from Business Exempted from Pay

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Government Keen on Early Enactment of DTC Bill

16 March 2012 at 13:13

Model Legislation for GST on the Anvil National Information Utility to be Operational by August The Union Finance Minister ShriPranab Mukherjee today expressed firm commitment to enact the Direct Taxes Code (DTC) Bill at the earliest, after exp

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Summary - Union Budget 2012-13

16 March 2012 at 13:09

BUDGET IDENTIFIES FIVE OBJECTIVES RELATING TO GROWTH, INVESTMENT, SUPPLY BOTTLENECKS, GOVERNANCE, AND REMOVING MALNUTRITION AMENDMENT TO FRBM ACT INTRODUCED AS PART OF FINANCE BILL CENTRAL SUBSIDIES TO BE KEPT UNDER 2 PER CENT OF GDP; TO BE F

Posted in Others | 3 comments | 48867 Views

Union Budget 2012-13 Highlights

16 March 2012 at 13:09

Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13

Posted in Others | 13 comments | 39249 Views

Indian Economy Holds out Despite Global Uncertainty

15 March 2012 at 13:37

The big story of the last decade for India has been its arrival on the global scene and there was no looking back from the first years of the first decade of the 21st Century. The Economic Survey 2011-12 tabled by the Finance Minister, Shri Pranab

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Services Sector Proves Saviour of Indian Economy During the Global Crisis; Grows by 9.4% Despite Slowing GDP Growth

15 March 2012 at 12:48

The global recession only partially succeeded in slowing the Indian economy thanks to the continual offsetting growth of service sector to nearly 10% in the year 2010-11. The Economic Survey 2011-12 presented in the Lok Sabha today, suggests that

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Economic Survey Pegs Industrial Growth at 4-5% in the Current Financial Year - Industrial Sector Expected to Rebound During Next Financial Year

15 March 2012 at 12:45

Survey Calls for Boosting of Business Sentiments, Encouraging Investment and Identifying Bottlenecks The Economic Survey 2011-12 tabled in the Lok Sabha here today by the Finance Minister, Shri Pranab Mukherjee has projected the industrial-secto

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Options to Ensure Price Stability in Food Items - Economic Survey

15 March 2012 at 12:43

According to Economic Survey 2011-12, compositional shift in food basket of common household has increased demand of some food items. There are some constraints also in supply side which have been exposed during t

Posted in Others | 2715 Views