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Posts Tagged ‘India Union Budget’

India Union Budget 2009 Direct Taxes

Written on 6 Jul, 2009 at 13:08 in News | viewed 1,766 views times | 1 Comment

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)

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Allocation under Jawaharlal Nehru National Urban Renewal Mission

Written on 6 Jul, 2009 at 12:47 in Political Parties | viewed 557 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)

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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 525 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)

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STPI Scheme Extended for one year

Written on 6 Jul, 2009 at 8:01 in News | viewed 1,244 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)

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Pranab Mukherjee’s Union Budget speech 2009-2010 (Full Text)

Written on 6 Jul, 2009 at 7:56 in Political Parties | viewed 1,067 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)

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Pensions enhanced for ex-army personnel

Written on 6 Jul, 2009 at 7:41 in News | viewed 420 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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Income Tax limit raised by Rs 10,000

Written on 6 Jul, 2009 at 7:22 in News | viewed 287 views times | 1 Comment

Finance Minister Pranab Mukherjee on Monday presented a Budget that affirmed the Government’s commitment to social welfare programmes and set a growth target of nine per cent for the economy. Mukherjee on Monday proposed to increase the income tax exemption limit... (Continue reading)

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Indian Union Budget 2009

Written on 6 Jul, 2009 at 6:25 in News | viewed 1,171 views times | 10 Comments

Indian Union Budget 2009 To raise general taxation exemption limit by Rs 10,000 No changes in corporate tax Personal Income Tax exemption for senior citizens raised by Rs 15,000 To introduce GST by 1 April 2010 GST will be dual in nature, state and... (Continue reading)

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