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	<title>TaxGuru &#187; tax rate</title>
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	<link>http://taxguru.in</link>
	<description>Complete Tax Solution</description>
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		<title>Government considering increase in the income-tax exemption limit for individuals in next budget</title>
		<link>http://taxguru.in/income-tax/government-considering-increase-in-the-income-tax-exemption-limit-for-individuals-in-next-budget.html</link>
		<comments>http://taxguru.in/income-tax/government-considering-increase-in-the-income-tax-exemption-limit-for-individuals-in-next-budget.html#comments</comments>
		<pubDate>Thu, 21 Jan 2010 17:32:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[consumer price index]]></category>
		<category><![CDATA[direct taxes]]></category>
		<category><![CDATA[economic relief]]></category>
		<category><![CDATA[exemption limit]]></category>
		<category><![CDATA[fiscal consolidation]]></category>
		<category><![CDATA[global practices]]></category>
		<category><![CDATA[government official]]></category>
		<category><![CDATA[households]]></category>
		<category><![CDATA[Income Tax Exemption]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[joshi]]></category>
		<category><![CDATA[KPMG]]></category>
		<category><![CDATA[principal economist]]></category>
		<category><![CDATA[progressive alliance]]></category>
		<category><![CDATA[significant impact]]></category>
		<category><![CDATA[slab]]></category>
		<category><![CDATA[slabs]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[tax rates]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=19852</guid>
		<description><![CDATA[The government is exploring an increase in the income-tax exemption limit for individuals to compensate for the high recent inflation, but revenue considerations and the fact that the limit was hiked sharply in 2008-09 could force it to maintain status quo or give just a token hike.  The proposal has figured in the preliminary discussions , as the policymakers debate ways to give some relief to households from high inflation.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/government-considering-increase-in-the-income-tax-exemption-limit-for-individuals-in-next-budget.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Short term capital losses subject to STT can be set off against Short term capital gains not subject to STT</title>
		<link>http://taxguru.in/income-tax-case-laws/short-term-capital-losses-subject-to-stt-can-be-set-off-against-short-term-capital-gains-not-subject-to-stt.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/short-term-capital-losses-subject-to-stt-can-be-set-off-against-short-term-capital-gains-not-subject-to-stt.html#comments</comments>
		<pubDate>Fri, 18 Dec 2009 03:41:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[appellate tribunal]]></category>
		<category><![CDATA[computations]]></category>
		<category><![CDATA[finance act]]></category>
		<category><![CDATA[first state asia]]></category>
		<category><![CDATA[first state investment]]></category>
		<category><![CDATA[first state investments]]></category>
		<category><![CDATA[hongkong]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[institutional investor]]></category>
		<category><![CDATA[itat]]></category>
		<category><![CDATA[non residents]]></category>
		<category><![CDATA[short term capital gains]]></category>
		<category><![CDATA[stcl]]></category>
		<category><![CDATA[stock exchange]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[technology fund]]></category>
		<category><![CDATA[transaction tax]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=17555</guid>
		<description><![CDATA[The Finance Act, 2004 introduced section 111A in the Income-tax Act, 1961 (the Act) prescribing a tax rate of 10 percent on Short Term Capital Gains (STCG) arising from sale of shares on or after 1 October 2004 on a stock exchange which are subject to Securities Transaction Tax (STT).]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/short-term-capital-losses-subject-to-stt-can-be-set-off-against-short-term-capital-gains-not-subject-to-stt.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>MAT, Clarification regarding add back of ‘Provision for diminution in the value of asset’ while computing book profit</title>
		<link>http://taxguru.in/income-tax/mat-clarification-regarding-add-back-of-%e2%80%98provision-for-diminution-in-the-value-of-asset%e2%80%99-while-computing-book-profit.html</link>
		<comments>http://taxguru.in/income-tax/mat-clarification-regarding-add-back-of-%e2%80%98provision-for-diminution-in-the-value-of-asset%e2%80%99-while-computing-book-profit.html#comments</comments>
		<pubDate>Sun, 13 Dec 2009 09:03:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Book Profit]]></category>
		<category><![CDATA[diminution]]></category>
		<category><![CDATA[dividends]]></category>
		<category><![CDATA[net profit]]></category>
		<category><![CDATA[shareholders]]></category>
		<category><![CDATA[tax credit]]></category>
		<category><![CDATA[tax liability]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[taxable income]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=17162</guid>
		<description><![CDATA[It was zero-tax companies, which were profitable and paid dividends to shareholders but owing to various deductions/sops available under the tax laws did not have a taxable income and thus did not pay tax, that caught the attention of the legislators and led to the introduction of MAT. Under the existing provision a company is liable to pay minimum tax u/s. 115JB on its book profit @ 10% if the tax payable by such company on the total income under the other provisions of the Act is less than the tax payable under MAT. The credit of taxes such paid can be carried forward u/s. 115 JAA for 7 years to be set off against the tax liability arising under the other provisions of the Act. At the same time the section provides for the specific additions and deductions that are to be made to book profit in order to arrive at the profit as per section 115JB of the Act.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/mat-clarification-regarding-add-back-of-%e2%80%98provision-for-diminution-in-the-value-of-asset%e2%80%99-while-computing-book-profit.html/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Tax profit on sell of license by new mobile operators at high rate</title>
		<link>http://taxguru.in/income-tax/tax-profit-on-sell-of-license-by-new-mobile-operators-at-high-rate.html</link>
		<comments>http://taxguru.in/income-tax/tax-profit-on-sell-of-license-by-new-mobile-operators-at-high-rate.html#comments</comments>
		<pubDate>Mon, 23 Nov 2009 03:10:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[acquisition policy]]></category>
		<category><![CDATA[bpl mobile]]></category>
		<category><![CDATA[business line]]></category>
		<category><![CDATA[chandrasekhar]]></category>
		<category><![CDATA[consumer interest]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[member of parliament]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[mobile operators]]></category>
		<category><![CDATA[parliament]]></category>
		<category><![CDATA[substantial business]]></category>
		<category><![CDATA[tax profit]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[windfall]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=15248</guid>
		<description><![CDATA[The Member of Parliament and former owner of BPL Mobile, Mr Rajeev Chandrasekhar, has written to the Prime Minister suggesting the Government should impose a windfall (Extra) tax on new mobile players if they sold their licences.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/tax-profit-on-sell-of-license-by-new-mobile-operators-at-high-rate.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>State should be compensated for loss of revenue on implementation of GST</title>
		<link>http://taxguru.in/goods-and-service-tax/state-should-be-compensated-for-loss-of-revenue-on-implementation-of-gst.html</link>
		<comments>http://taxguru.in/goods-and-service-tax/state-should-be-compensated-for-loss-of-revenue-on-implementation-of-gst.html#comments</comments>
		<pubDate>Wed, 18 Nov 2009 00:47:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[GST]]></category>
		<category><![CDATA[abolition]]></category>
		<category><![CDATA[finance ministers]]></category>
		<category><![CDATA[financial assistance]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[goods and services tax]]></category>
		<category><![CDATA[inter state]]></category>
		<category><![CDATA[mineral reserves]]></category>
		<category><![CDATA[petroleum reserves]]></category>
		<category><![CDATA[public finance]]></category>
		<category><![CDATA[rate structure]]></category>
		<category><![CDATA[revenue shortfall]]></category>
		<category><![CDATA[state finance]]></category>
		<category><![CDATA[state governments]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[tax rates]]></category>
		<category><![CDATA[tax revenues]]></category>
		<category><![CDATA[time consumption]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14785</guid>
		<description><![CDATA[States that have huge mineral and petroleum reserves, but are economically backward may face significant loss of tax revenues on implementation of goods and services tax (GST), according to economists and experts in public finance. Introduction of GST would lead to the abolition of central sales tax (CST), which is collected by state governments on inter-state sales of goods. The CST rate was reduced from 4% to 2% at the time of introducing value added tax (VAT) in 2005.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Tax Code – Favouring the Millionaires and Bullying the Others</title>
		<link>http://taxguru.in/income-tax/new-tax-code-%e2%80%93-favouring-the-millionaires-and-bullying-the-others.html</link>
		<comments>http://taxguru.in/income-tax/new-tax-code-%e2%80%93-favouring-the-millionaires-and-bullying-the-others.html#comments</comments>
		<pubDate>Fri, 16 Oct 2009 13:24:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Direct Tax Code]]></category>
		<category><![CDATA[direct taxes]]></category>
		<category><![CDATA[dtc]]></category>
		<category><![CDATA[finance minister]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[Income Tax Rates]]></category>
		<category><![CDATA[point of interest]]></category>
		<category><![CDATA[public domain]]></category>
		<category><![CDATA[reporting system]]></category>
		<category><![CDATA[senior citizen]]></category>
		<category><![CDATA[senior citizens]]></category>
		<category><![CDATA[single tax]]></category>
		<category><![CDATA[slabs]]></category>
		<category><![CDATA[tax payers]]></category>
		<category><![CDATA[tax rate]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=13642</guid>
		<description><![CDATA[DIRECT TAX CODE BILL, 2009 was unveiled by our Hon. Finance Minister on 12th August 2009 and has been placed in the public domain for an analytical study and critical review of all its clauses. It seeks to consolidate and amend all the Laws relating to the Direct Taxes.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/new-tax-code-%e2%80%93-favouring-the-millionaires-and-bullying-the-others.html/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Set-off of short-term capital losses, subject to STT, allowable against short-term capital gains not subject to STT</title>
		<link>http://taxguru.in/income-tax-case-laws/set-off-of-short-term-capital-losses-subject-to-stt-allowable-against-short-term-capital-gains-not-subject-to-stt.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/set-off-of-short-term-capital-losses-subject-to-stt-allowable-against-short-term-capital-gains-not-subject-to-stt.html#comments</comments>
		<pubDate>Fri, 04 Sep 2009 02:45:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[appellate tribunal]]></category>
		<category><![CDATA[capital losses]]></category>
		<category><![CDATA[exchange board]]></category>
		<category><![CDATA[first state asia]]></category>
		<category><![CDATA[first state investments]]></category>
		<category><![CDATA[hongkong]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[innovation and technology]]></category>
		<category><![CDATA[securities and exchange]]></category>
		<category><![CDATA[securities and exchange board of india]]></category>
		<category><![CDATA[short term capital gains]]></category>
		<category><![CDATA[stock exchange]]></category>
		<category><![CDATA[stock exchanges in india]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[tax authorities]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[technology fund]]></category>
		<category><![CDATA[transaction tax]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=12097</guid>
		<description><![CDATA[The Income-tax Appellate Tribunal (“the Tribunal”)  , in the case of First State Investments (Hongkong) Ltd. A/c  First State Asia Innovation and Technology Fund1 (“the  assessee”), examined the manner of set-off of short- term capital loss suffered from sale transactions subject  to Securities  Transaction Tax (”STT”) against short- term capital gains arising prior to introduction of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Implications of the draft code</title>
		<link>http://taxguru.in/income-tax/implications-of-the-draft-code.html</link>
		<comments>http://taxguru.in/income-tax/implications-of-the-draft-code.html#comments</comments>
		<pubDate>Sat, 29 Aug 2009 01:09:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[book profits]]></category>
		<category><![CDATA[clean slate]]></category>
		<category><![CDATA[Direct Tax Code]]></category>
		<category><![CDATA[direct taxes]]></category>
		<category><![CDATA[dividend distribution]]></category>
		<category><![CDATA[dtc]]></category>
		<category><![CDATA[exemption limit]]></category>
		<category><![CDATA[finance minister]]></category>
		<category><![CDATA[gross assets]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[profits tax]]></category>
		<category><![CDATA[reporting system]]></category>
		<category><![CDATA[senior citizens]]></category>
		<category><![CDATA[slab]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[tax rates]]></category>
		<category><![CDATA[tax threshold]]></category>
		<category><![CDATA[unincorporated body]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=11808</guid>
		<description><![CDATA[The long awaited Direct Tax Code Bill 2009 (‘Code’) was finally unveiled by the Finance Minister on August 12, 2009. The Code seeks to bring all direct taxes under one code and pave way for a single unified tax reporting system. The Finance Minister has indicated that the Code has been drafted on a clean [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/implications-of-the-draft-code.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Goods and service Tax (GST), Dual GST -meaning, provisions and applicabilty in brief</title>
		<link>http://taxguru.in/service-tax/goods-and-service-tax-gst-dual-gst-meaning-provisions-and-applicabilty-in-brief.html</link>
		<comments>http://taxguru.in/service-tax/goods-and-service-tax-gst-dual-gst-meaning-provisions-and-applicabilty-in-brief.html#comments</comments>
		<pubDate>Fri, 28 Aug 2009 03:55:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Custom Duty]]></category>
		<category><![CDATA[Excise Duty]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[cgst]]></category>
		<category><![CDATA[Dual GST]]></category>
		<category><![CDATA[economic system]]></category>
		<category><![CDATA[efficiencies]]></category>
		<category><![CDATA[expectation]]></category>
		<category><![CDATA[FAQ on gst]]></category>
		<category><![CDATA[goods and services tax]]></category>
		<category><![CDATA[indirect taxes]]></category>
		<category><![CDATA[sgst]]></category>
		<category><![CDATA[single tax]]></category>
		<category><![CDATA[state government]]></category>
		<category><![CDATA[tax incidence]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[taxable value]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=11791</guid>
		<description><![CDATA[Meaning:- The Goods and Services Tax (GST) is a comprehensive value added tax (VAT) on the supply of goods or services. France was the first country to introduce this value added tax system in 1954 devised by a public servant. In India, due to non consensus between central and state government, the proposal is to [...]]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/goods-and-service-tax-gst-dual-gst-meaning-provisions-and-applicabilty-in-brief.html/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Rates for computation of advance tax, deduction of income-tax at source from Salaries, and charging of income-tax in certain cases during the financial year 2008-09</title>
		<link>http://taxguru.in/income-tax/rates-for-computation-of-advance-tax-deduction-of-income-tax-at-source-from-salaries-and-charging-of-income-tax-in-certain-cases-during-the-financial-year-2008-09.html</link>
		<comments>http://taxguru.in/income-tax/rates-for-computation-of-advance-tax-deduction-of-income-tax-at-source-from-salaries-and-charging-of-income-tax-in-certain-cases-during-the-financial-year-2008-09.html#comments</comments>
		<pubDate>Tue, 31 Mar 2009 02:36:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[co operative society]]></category>
		<category><![CDATA[exemption limit]]></category>
		<category><![CDATA[hindu undivided family]]></category>
		<category><![CDATA[Income Tax Rates]]></category>
		<category><![CDATA[non residents]]></category>
		<category><![CDATA[salaries]]></category>
		<category><![CDATA[tax rate]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=4287</guid>
		<description><![CDATA[The rates for deducting income-tax at source from Salaries and computing advance tax during the financial year 2008-09 have been specified in Part III of the First Schedule to the Act. These rates are also applicable for charging income-tax during the financial year 2008-09 on current incomes in cases where accelerated assessments have to be [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/rates-for-computation-of-advance-tax-deduction-of-income-tax-at-source-from-salaries-and-charging-of-income-tax-in-certain-cases-during-the-financial-year-2008-09.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rates for deduction of income-tax at source from certai incomes during the financial year 2008-2009.</title>
		<link>http://taxguru.in/income-tax/rates-for-deduction-of-income-tax-at-source-from-certain-incomes-during-the-financial-year-2008-2009.html</link>
		<comments>http://taxguru.in/income-tax/rates-for-deduction-of-income-tax-at-source-from-certain-incomes-during-the-financial-year-2008-2009.html#comments</comments>
		<pubDate>Tue, 31 Mar 2009 02:08:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Deduction]]></category>
		<category><![CDATA[short term capital gain]]></category>
		<category><![CDATA[tax deducted at source]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[TDS Rates]]></category>
		<category><![CDATA[transaction tax]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=4283</guid>
		<description><![CDATA[In every case in which tax is to be deducted at the rates in force under the provisions of sections 193, 194, 194A, 194B, 194BB, 194D and 195 of the Income tax Act, the rates for deduction of income-tax at source during the financial year 2008-09 have been specified in Part II of the First [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/rates-for-deduction-of-income-tax-at-source-from-certain-incomes-during-the-financial-year-2008-2009.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FAQ on reduction of service tax rate in view of Notification No 8/2009 – ST dated 24.02.2009</title>
		<link>http://taxguru.in/service-tax/faq-on-reduction-of-service-tax-rate-in-view-of-notification-no-82009-%e2%80%93-st-dated-24022009.html</link>
		<comments>http://taxguru.in/service-tax/faq-on-reduction-of-service-tax-rate-in-view-of-notification-no-82009-%e2%80%93-st-dated-24022009.html#comments</comments>
		<pubDate>Sun, 15 Mar 2009 14:45:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[effective date]]></category>
		<category><![CDATA[Service Tax Rates]]></category>
		<category><![CDATA[tax rate]]></category>
		<category><![CDATA[taxable service]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=3353</guid>
		<description><![CDATA[Notification No 8/2009 – ST dated 24.02.2009 has been issued to exempt the service tax that is in excess of 10%. On the other hand this is reduction of service tax rate from the existing rate of 12% to 10%. What is the effective date for the new rate? Ans. The new rate is effective [...]]]></description>
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		<slash:comments>15</slash:comments>
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		<item>
		<title>While Announcing the Measures for Stimulating the Economy, Govt Failed to Do Justice with the Service Providers</title>
		<link>http://taxguru.in/finance/while-announcing-the-measures-for-stimulating-the-economy-central-government-failed-to-do-justice-with-the-service-providers.html</link>
		<comments>http://taxguru.in/finance/while-announcing-the-measures-for-stimulating-the-economy-central-government-failed-to-do-justice-with-the-service-providers.html#comments</comments>
		<pubDate>Thu, 11 Dec 2008 02:49:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[amendments]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[central government]]></category>
		<category><![CDATA[customized software]]></category>
		<category><![CDATA[Excise]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[packaged software]]></category>
		<category><![CDATA[peak rate]]></category>
		<category><![CDATA[proposals]]></category>
		<category><![CDATA[service sector]]></category>
		<category><![CDATA[stimulus packages]]></category>
		<category><![CDATA[tax rate]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=781</guid>
		<description><![CDATA[It is strange that while reducing peak rate of excise duty from 14% to 10%, central government did not reduce the peak rate of service tax from 12% to 10% or 8%. After the reduction of excise duty with effect from 7-12-2008, now the rate of excise duty on packaged software will be 8% whereas rate of service tax on customized software will be 12%. [See excise notification no. 49/2006 CE dated 30/12/2006 as amended by notification no. 58/2008 CE dated 07/12/2008]]]></description>
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		<slash:comments>0</slash:comments>
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