Budget is Over Now ,Highlights of the Budgets Related to Taxes are given below
1. Aim To implement direct Tax code implemented RIGHT ON TIME from 01.04.2011 2.Direct Tax code released is only a discussion paper ,no intend to implement same as it is. 3.New Saral Form for salary employees on ITR-saral 2. 4. 10% slab has been increased up to 500000,500000-800000-20% AND MORE THAN 800000=30%exemption limit remain same. additional 80C for infrastructure bond 20000 5. Audit limit extended up to 60 lakh and 15 lakh. 6. Excise Duty increased to 10 % (increase by 2 %) 7.Service tax Rate Unchanged 8.Surcharge on Indian Companies reduced on 7.5% from 10 % on Income Tax 9.MAT (minimum alternative tax increased to 18 % from 15 % on Book profits of companies) 10.Interest rate subvention for farm loans hiked to 2% Tags :India Budget 2010, India budget 2010-11,India Budget Live, Budget 26.02.2010,budget 10,budget Live, live budget,Budget Highlights,tax rate changes, direct tax changes,indirect tax changes,personal income tax changes,direct tax code, Gst ,change in excise duty and change in service tax ,Budget important changes,Budget tv, India budget.nic.in, India gov., Indian budget 2010,India budget live on desk top,increase in excise duty ,change in custom duty,inflation , GDP,fiscal deficit ,new schemes in budget ,money control,economics times,budgets 2010 provisions,gratuity limit,Pranave Mukharjee,Finance Minister , Budget 2010 Live speech,budget 2010 on-line,latest news on budget,live stream budget on computer -- Regards, Vishal R Srivastav Tax Consultant & Investment Advisor Shop No. 5, 1st Floor, "KUMKUM ARCADE", 222 / D, Khanna Building, Mehtab Lane, Kurla (West), Mumbai - 400 070. M : +9198204 83012 T : +91 22 2503 0245 TF: +91 22 2504 0245 E : [email protected] -- 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.
