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Union Budget 2008-2009

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No fresh taxes in Tamil Nadu Budget

Laced with a slew of tax concessions and proposals to increase the pace of industrialisation in the state, Tamil Nadu finance minister K Anbazhagan on Thursday, presented a populist Budget, which did not contain any fresh taxation proposals.

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Previous Budgets:Budget 2007 | Budget 2006 | Budget 2005 | Budget 2004 | Budget 2003

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‘Interest on loans for investment forms part of acquisition cost’

Under the Indian Income-Tax laws, tax under the head ‘capital gains’ is leviable on the profits and gains arising from the transfer of capital assets effected in the year......

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Budget Quotes  
The Centre should set up a road safety fund starting with a corpus of Rs 1,000 core, particularly to ensure safe driving in the highways. Set up a world class highway/roads design center which would look beyond civil engineering. A model concession agreement (MCA) for state highways and a committee to maintain standards for state highways.
Harsh Shrivastava
Senior Vice-President, Marketing, feedback Ventures
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