[Gulf Goans] Today's good news: GOVT. postpones tax on NRI deposits

[www.goa-world.com]

Govt postpones tax on NRI deposits
REUTERS








NEW DELHI: The government has decided to postpone a tax on deposits from Indian expatriates to April 1, 2005, the finance minister, P Chidambaram, said on Thursday. 




Finance Bill passed amid NDA boycottPTI







NEW DELHI: The Lok Sabha on Thursday passed the Finance Bill without discussion after the entire NDA opposition boycotted the House in protest against what it said Prime Minister Manmohan Singh's "insulting" behaviour towards them. 
<A target=adcept href=http://203.199.70.171/cgi-bin/adceptclickthrough.cgi?random_key=26/7/200416:50:110.5807090050088719&host_name=timesofindia.indiatimes.com&url_name=www.timesofindia.com/articleshow/828118.cms><img name=my_img  width=180 height=200 ALIGN=right vspace=0 hspace=0
 src="" ALT=Click here to know more border=0></a>The Bill, which gives effect to tax proposals in the budget, was passed by voice vote after adopting several amendments moved by Government. With its passage, the Lok Sabha has completed the three-stage budgetary exercise. One of the amendments provide tax relief to those whose taxable income exceed Rs one lakh so that his or her real income is not drastically reduced from those earning upto Rs one lakh. This has been necessitated as those earning upto Rs one lakh are totally exempted from tax while those earning say Rs
 one lakh one thousand would pay income tax from Rs 50,000 onwards. Another amendment clearly defines who constitute "relative" for availing the gift tax benefit. The Bill also carries necessary amendments incorporating the changes Finance Minister P Chidambaram announced on the transaction tax while replying to the budget discussion in the House. (News courtesy: TOI)
 
- Forwarded by Goan Welfare Society-Kuwait
___________________________________________________
                    Celebrating Goa Day 2004 in Kuwait
                              24th September 2004
              Organized by Goan Welfare Society (GWS)
               with Goan Clubs/Associations in Kuwait
        'Goa Day' was celebrated in 1995 for the first time
            within a decade, it's now celebrated worldwide.
                            "Goenkarancho Ekvott"
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