The Union Budget 2009-2010 presented by the FM Pranab Mukherjee proposes to bring a wide array of gifts in the tax net.
The Monsoon Budget 2009 was announced by the Finance Minister, Pranab Mukherjee on 06 July, 2009. The question doing the rounds post Budget is whether...
The Central Board of Direct Taxes is likely to review the erstwhile Rule 3 of the Income Tax rule and will soon come out with a fresh list of perquisites that will be taxable, after Budget 2009-10 abolished the fringe benefit tax.
The hike in income tax exemption limit by up to Rs 15,000 will definitely make the middle-class happy, but the high-income category...
The Budget brings happy tidings for tax payers. The basic exemption limit is up by Rs 10,000 for men and women taxpayers...
In recent years, high growth was fuelled by domestic and foreign private investment (largely domestic). But in this phase of the economic cycle, the government’s decision to spend more is expected to only deepen the hole further. The concern is whether it will be as easy to retu...
Expectations were high, but most did not materialise, raising a big question mark over investments in the corporate sector. Though the FM announced several social programmes and hiked spending on existing schemes, the corporate sector did not see any changes in corporate tax, se...
Now, we can all go to Disneyland next summer,” said Dhruv and Aksha Nair in unison.
Budget 2009-10 has spent Rs 59,843 crore as stimulus package. This works to just less than 6% of the total expenditure planned by finance minister Pranab Mukherjee. In terms of the stimulus spend made by economies like China, it is quite small.
The Federation of Indian Export Organisations and EEPC India have welcomed the abolition of Fringe Benefit Tax, extension of tax holiday for one more year for EOUs, STP, EHTP units, extension of interest subvention scheme till March 2010 and introduction of the service tax exemp...
A look at the Budget from an indirect tax viewpoint suggests that the focus was to correct teething problems, ambiguity or anomalies in the regulations.
Finance Minister Pranab Mukherjee indicated bold tax reforms and as a first step has done away with Fringe Benefit Tax, Commodities Transaction Tax and the 10 per cent surcharge on Personal Income Tax.
The government promised to come out within 45 days with a framework for the Direct Taxes Code that will simplify tax structure.
National Federation of Urban Cooperative Banks and Credit Societies, an apex level promotional body of urban cooperative banks and credit societies in India, has asked finance minister Pranab Mukherjee...
The much-talked about Income Tax Code is expected to reduce the plethora of exemptions given to various segments of taxpayers.
The pre-Budget Economic Survey asked the Government to undertake further reforms, including implementation of a uniform tax structure goods and services tax.
The flamboyance of former railway minister Lalu Prasad gave way to a rather...
