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Budget Speech by Hon'ble Finance Minister FY 2013

28 February 2013 at 13:53

Budget Speech by Hon'ble Finance Minister FY 2013

Posted in Community & General | 1 comments | 3693 Views

Direct and Indirect Tax Proposals to Yield Rs. 18,000 Crore

28 February 2013 at 13:51

Direct 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

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Parity in Taxation between IDF - Mutual Fund and IDF-NBFC

28 February 2013 at 13:47

The 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

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Securitisation Trust to be Exempted from Income Tax

28 February 2013 at 13:46

The 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

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Doing Business in India to be Made Easy and Mutually Beneficial

28 February 2013 at 13:46

12th 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

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Work on Draft GST Constitutional Amendment Bill and GST Law Expected to be taken Forward

28 February 2013 at 13:44

Rs. 9,000 Crore set Apart for the 1st Instalment of the Balance of CST Compensation to States The Finance Minister Shri P. Chidambaram presenting the Union Budget in Lok Sabha today has expressed the hope that the consensus on providing for a Go

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Rate of Tax on Investment Made through a Designated Bank Account in Rupee Dominated Long Term Infrastructure Bonds Reduced

28 February 2013 at 13:43

The 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

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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 13:42

The 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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Two More Services included in the Negative list for Service Tax

28 February 2013 at 13:42

‘Voluntary Compliance Encouragement Scheme’ Proposed to Motivate Defaulters to File Service tax Returns and Pay Dues All Air Conditioned Restaurants to Come under Service Tax Net To motivate about 10 lakh of those registered assess

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Need for Increasing The Tax GDP Ratio

28 February 2013 at 13:38

Presenting the Union Budget in the Parliament today, the Finance Minister Shri P.Chidambaram underlined the need for increasing the Tax GDP ratio. The Finance Minister said that in FY 2011-12, the Tax GDP ratio was 5.5 percent for direct taxes and

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