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New Service tax items added in Union Budget 2009 India
Written on 6 Jul, 2009 at 13:11 in News | viewed 1,345 views times | 0 Comments
Service Tax to be imposed on the following services: • Service provided in relation to transport of goods by rail • Service provided in relation to transport of coastal cargo; and goods through inland water including National Waterways • Advice, consultancy or technical... (Continue reading)
India Union Budget 2009 Direct Taxes
No changes made in the Corporate Tax rates. Exemption limit in personal income tax raised by Rs.15,000 from Rs.2.25 lakh to Rs.2.40 lakh for senior citizens; by s.10,000 from Rs.1.80 lakh to Rs.1.90 lakh for women tax payers; and by Rs.10,000... (Continue reading)
Brihan Mumbai Storm Water Drainage Project (BRIMSTOWA)
Written on 6 Jul, 2009 at 12:57 in News | viewed 903 views times | 0 Comments
Provision for the project BRIMSTOWA initiated in 2007 and funded through Central Assistance to address the problem of flooding in Mumbai, enhanced from Rs.200 crore in Interim B.E. 2009-10 to Rs.500 crore in B.E. 2009-10 to expedite completion of the... (Continue reading)
Allocation under Jawaharlal Nehru National Urban Renewal Mission
Written on 6 Jul, 2009 at 12:47 in Political Parties | viewed 513 views times | 0 Comments
Urban Infrastructure Allocation under Jawaharlal Nehru National Urban Renewal Mission (JNNURM)stepped up by 87 per cent to Rs.12,887 crore in B.E. 2009-10 over B.E. 2008-09.Allocation for housing and provision of basic amenities to urban poor enhanced toRs.3,973 crore in B.E. 2009-10.... (Continue reading)
The Export Promotion Councils Expempted from Service Tax
Written on 6 Jul, 2009 at 8:54 in News | viewed 402 views times | 0 Comments
The Export Promotion Councils and the Federation of Indian Export Organizations (FIEO) provide a valuable service in augmenting our export effort. I propose to exempt them from the levy of service tax on the membership and other fees collected by... (Continue reading)
India Service Tax on advice, consultancy or technical assistance provided in the field of law
Written on 6 Jul, 2009 at 8:53 in News | viewed 485 views times | 0 Comments
As the Hon’ble Members are aware, services provided by chartered accountants, cost accountants, and company secretaries as well as by engineering and management consultants are presently charged to service tax. Although there is a school of thought that legal consultants... (Continue reading)
Student Loans to Weaker Sections
Written on 6 Jul, 2009 at 8:39 in News | viewed 523 views times | 0 Comments
To enable students from economically weaker sections to access higher education, it is proposed to introduce a scheme to provide them full interest subsidy during the period of moratorium. It will cover loans taken by such students from scheduled banks... (Continue reading)
STPI Scheme Extended for one year
Written on 6 Jul, 2009 at 8:01 in News | viewed 1,126 views times | 3 Comments
STPI Scheme Extended for one year Deduction in respect of export profits is available under sections 10A and 10B of the Income-tax Act. The deduction under these sections would not be available beyond the financial year 2009-2010. In order to tide... (Continue reading)
Pranab Mukherjee’s Union Budget speech 2009-2010 (Full Text)
Written on 6 Jul, 2009 at 7:56 in Political Parties | viewed 1,009 views times | 0 Comments
Madam Speaker, I rise to present the Budget for 2009-10. 2. Just 140 days back, I had the privilege to present the Interim Budget for 2009-10. It is a rare honour that I have been called upon to present the regular budget... (Continue reading)
Pensions enhanced for ex-army personnel
Written on 6 Jul, 2009 at 7:41 in News | viewed 383 views times | 0 Comments
The Government on Monday announced enhanced pensions for soldiers and junior commissioned officers that will entail additional expenditure of Rs 2,100 crore per year. “The decision will benefit 12 lakh pensioners. The allowances for the war wounded and disabled is also... (Continue reading)
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