hi can you please tell from when this Exemption from Profession Tax for salary income upto Rs.5,000/- i.e increase from Rs.2,500/-. is effective? thanks
On Fri, Jun 5, 2009 at 10:41 AM, Vinod Dasani <[email protected]> wrote: > > > Warm Regards, > > --------------------------------------------------------------------------------------- > CA. Vinod Dasani > Website: www.charteredaccountant.co.in > Cell: +91-9322238407 > Skype: vinod.dasani > Public Profile: http://www.linkedin.com/in/vinoddasani > Blog: http://vinoddasani.blogspot.com/ > > --------------------------------------------------------------------------------------- > > > > > Dear All, > > MAHARASHTRA STATE ADDITIONAL BUDGET 2009 > > presented on 4th June, 2009 > > HIGHLIGHTS AND CHANGES > > An Additional Maharashtra State Budget is presented by Finance Minister > Shri. Dilip Welse-Patil on 4th June, 2009 and the major highlights and > changes proposed are noted below : > > - > > *Penalty for late returns* under MVAT Act *reduced to Rs.5,000/-* from > Rs.10,000/-. > - > > *Exemption from Profession Tax for salary* income *upto Rs.5,000/-* i.e > increase from Rs.2,500/-. > - > > *Simplified VAT Refund Scheme for* the dealers with *refund below Rs.5 > Lakhs*. > - > > *Relief to Tax Payers not yet enrolled* under *Profession Tax.* > - > > *Amnesty Scheme under Profession Tax* for *transport permit holders*. > - > > *Tax Concessions and reduction in Taxes -* > - Tax reduced from 8 percent to 5 percent for *Hotel dealers under > Composition Scheme*. > - Tax concession to *timber* upto 31st March 2010. > - reduction in tax rate on Cotton Ginning and Pressing machinery > - Tax reduced on Solar energy devices and CFL > - Tax reduced on Plastic mats and Agarbatti. > - Domestic LPG stoves, imitation jewellery, Shikakai and Ritha to > have lesser rate > - Reduced tax on composting machines > - Reduced rate of tax on Medical Equipment > - > > *Increase in Taxes -* > - Rate of VAT on *liquor* increased from 20 percent to *25 percent* > - Rate of tax on *tobacco products, cigarettes* increased from 12.5 > percent to *20 percent* > - Hike in rate of tax on *mobile phones, digital cameras, video > camera, gypsum board* > - > > Four wheeler to pay *price based tax under Motor vehicle tax*. > - > > *Restructuring of Stamp Duty* on various agreements. > > Thanks > Mera Consultant > http://www.meraconsultant.com > > > > __._,_.___ > > > > > -- Regds Prabhu www.companylaws.blogspot.com window to legal updates Join http://groups.yahoo.com/group/CompensationIndia forum of payroll users Join http://groups.yahoo.com/group/ptIndia forum of professional tax issues --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
