Custom Duty : As a measure of rationalization of duty structure the rates of 2% and 3% are being unified with the median rate of 2.5%. According...
Finance : Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the ...
Service Tax : The primary reason is the simplification of the Export of Service Rules (Export Rules). The Export Rules prescribe the conditions ...
Finance : Recessions have affected mostly the real estate business. Slowing demand and sudden evaporation of liquidity position made the sit...
Income Tax : Manufacturing companies will have to shell out an additional Rs 25,500 crore on 2 per cent increase excise duty for the financial ...
Service Tax : The government will come out with a draft 'negative list' for service tax in two weeks, meaning services which are not mentioned i...
Finance : Buoyed by better-than-expected performance on government finances' front in 2010-11, the Centre on Thursday said it will keep a ta...
Service Tax : Breaking News Budget 2011 Related to Service tax on Healthcare and Excise Duty on Readymade Garments. 1) Abatement on readymade ga...
Finance : In a good sign, the government will depend less on borrowing to finance budgetary proposals in 2011-12 than in the ongoing 2010-11...
Finance : The Union Budget 2011-12 aims to sustain economic growth, strengthen infrastructure, moderate the price rise, particularly of agri...
Custom Duty : Consequent upon the printing and publishing of the Budget Bulletins, 2011 (both Customs and Central Excise & Service Tax), the Dir...
Presenting the General Budget 2011-12 here today, Shri Pranab Mukherjee, Finance Minister said that to quicken the clearance of the cargo by Customs authorities and further modernize the customs administration, it has been proposed to introduce self-assessment in Customs. Under this scheme, the importers and exporters will themselves asses their duty liabilities while filing their declarations in the EDI system. The department will verify such assessments on a selective system driven basis.
Excise Duty Concessions to Factory Built Ambulances. Relief for Lactose For Manufacturing of Homoeopathic Medicines. Proposals Relating to Customs and Central Excise Estimated to Result in a Net Revenue Gain of Rs.7300 Crore .
Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the tax payers slightly happy by raising the exemption limit to Rs 180,000, he made many others unhappy. So what has been the impact of this Budget on your daily life? Find out how what’s cheaper and what’s costlier after the Budget.
Finance Minister Pranab Mukherjee is set to present his sixth national budget Monday, with people hoping for measures that will help them brave high prices and industry expecting steps that would spur demand and reduce tax burden .
The government may raise the income tax exemption limit in the upcoming Budget to provide some relief to the taxpayer from inflation, Goldman Sachs said today. “Income tax relief can be provided to lower income brackets to compensate for inflation. This could take the form of raising the tax exemption limit from the current Rs 1.6 lakh,” it said in a report.
Under attack for high food prices and slow reforms, Prime Minister Manmohan Singh today said the UPA has not given up its economic agenda and promised clear measures in the upcoming Budget. Exuding confidence that inflation rate should be “no more th
Budget 2011 is on the anvil and in about a fortnight’s time, Finance Minister shall unveil his budget announcements for the year 2011-12. It is an unwritten reality that GST may not happen now but the forthcoming Budget should clearly state this an
The Indian IT industry has sought extension of tax benefits under STPI and simplification of the tax structure to encourage investments in the sector, among others as part of its budget wish-list. The USD 76 billion software industry has requested the government to extend the Software Technology Parks of India (STPI) scheme till the Direct Tax Code (DTC), which is under consideration, is implemented.
The newly-inducted Mines Minister Dinsha Patel today said he will make efforts to introduce the new mines legislation in the forthcoming Budget session of Parliament. Discussions are on now on the new legislation – Mines and Minerals (Development)
Union Finance Minister Shri Pranab Mukherjee held a meeting with different Non Governmental Organizations (NGOs) to get their inputs for General Budget 2011-12, here today. This was the fourth meeting in the series of pre-Budget consultations held by
