budget 2012: Service tax Proposal
Service tax rate is increased from 10to 12% ( Increase by 2%)
Service tax is applicable on all services except negative list
Service tax rate is increased from 10to 12% ( Increase by 2%)
Service tax is applicable on all services except negative list
11:30 AM Rajiv Gandhi Equity Investment Scheme for deduction upto Rs. 50,000 for assessees with Income upto Rs. 10,00,000 details to be released later
Increase in excise rate by 10% to 12% 5% to 6% 1% to 2%
exemption limit in case of Individual is increased by Rs. 20000/- now basic exemption limit is Rs. 200000/- Tax slab is 20% from Rs. 8 to 10Lacs Deduction on saving…
In the budget proposals of 2012 an explanation has been inserted in Section 2(14) i.e. the definition of “Capital Asset” to include “any rights in or in relation to an…
Consequential amendment has been made in section 10(10D) and 80C of Income tax requiring Sum Assured to be at least 10 times of premium to require getting the benefits of…
Budget 2012: ECB Allowed for Aviation Sector for Working Capital in view of difficulties faced by aviation industry