#Budget
Log in to FollowLatest Budget updates, legal developments, compliance requirements, case laws, notifications and expert analysis for professionals on TaxGuru.

Service Tax Rate Raised from 10 Per Cent to 12 Per Cent

Measures Introduced to Allow Corporates to Access Lower Cost Funds

PM’s interview on the Union Budget- 2012-13

Budget 2012 – Download Finance Bill 2012

Download Power Point Presentation on Budget 2012

Key Features of Budget 2012-13 on Tax Front

Relief from LTCG tax on transfer of residential property if invested in a manufacturing small or medium enterprise

No Dividend Distribution Tax (DDT) on Dividend Payment upto DDT Paid Dividend recd from subsidiary Company

Tax Audit Limit raised to One Crore for business & 25 Lakh for Profession

Budget 2012 – Provisions relating to Venture Capital Fund (VCF) or Venture Capital Company (VCC)

Budget 2012 – Lower rate of tax on dividends received from foreign companies

Budget 2012 Amendment – Income Tax, Service Tax, Excise Duty, Custom Duty

Budget 2012 – Compulsory filing of income tax return in relation to assets located outside India irrespective of Income

Budget 2012 – No Basic Exemption on Unexplained Income – To be taxed at 30 percent
Explore the latest Budget updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
