Budget 2014 - Page 17

Budget 2014-15 – Summary of Key Changes in Income Tax ,Service Tax, Excise / Custom Duty

DIRECT TAXES PROPOSALS Personal Income-tax exemption limit raised by Rs.50,000/- that is, from Rs.2 lakh to Rs.2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from Rs.2.5 lakh to Rs.3 lakh in the case of senior citizens. No change in the rate of surcharge either for the […]...

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Budget 2014-15 – Amendment in Excise Duty Related Provisions

Proposals involving changes in rates of duty: I. AGRICULTURE/AGRO PROCESSING/PLANTATION SECTOR: 1) Excise duty on machinery for the preparation of meat, poultry, fruits, nuts or vegetables, and on presses, crushers and similar machinery used in the manufacture of wine, cider, fruit juices or similar beverages and on packaging machinery ...

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Budget 2014-15 – Amendment in Service Tax Provisions

Service tax leviable currently on sale of space or time for advertisements in broadcast media, namely radio or television, has been extended to cover such sales on other segments like online and mobile advertising. Sale of space for advertisements in print media, however, would remain excluded from service tax. Print media is being define...

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Key Features of Union Budget 2014-2015

THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer unemployment, inadequate basic amenities, lack of infrastructure and apathetic governance. Challengi...

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Union Budget 2014-15 – Major Highlights

Government Committed To Achieve Fiscal Deficit Of 4.1% For 2014-15. Subsidy Regime To Be Made More Targeted For Full Protection To The Marginalized, Poor And Sc/St. Government To Promote FDI Selectively In Sectors....

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Budget 2014 – Chapterwise Changes in Customs & Central Excise duty

D.O.F.No.334/15/2014-TRU 10/07/2014

Important changes in respect of Customs and Central Excise duty and legislative changes are contained in the four Annexes appended to this letter. Annex I contains Chapter wise changes relating to Customs; Annex II contains Chapter wise changes relating to Central Excise. Annex III contains the clarifications being issued on various matte...

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List of 58 New Trains to be Introduced; 11 Existing Trains to be Extended

Railways proposes to  introduce 58  new trans which includes five Jansadharan Trains, five  Premium Trains, six AC Express Trains, 27  Express Trains,  eight Passenger Trains, two  MEMU services and  five  DEMU services this year.  Announcing this in Parliament today while presenting the rail budget, the Minister of Railways Shri...

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Highlights of Indian Railway Budget 2014 + Budget Speech

Railway Minister Shri D. V. Sadananda Gowda has presented First Railway Budget of Narendra Modi Government on 09.07.2014 and Major Highlights of His Budget are as follows :- Rail Budget Seeks Course Correction, Avoids Populism Staff Welfare Fund Contribution to be Increased Bullet Trains and Diamond Quadrilateral Network of High Speed Rai...

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Union Budget 2014 – Expectations from the Salaried Cases

Union Budget for the year 2014-15 going to be presented by the Finance Minister during forth coming budget session in the Parliament. Increase the economic growth & control the inflation are the major expectation from this budget by all. However each and every sector, person prospective, the expectation from this budget will be differ, i...

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