Increase in excise rate by
10% to 12%
5% to 6%
1% to 2%
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Amendment proposed in Budget 2012 in definition of related persons u/s 40A(2)(b) to include a company in which the assessee company has a substantial interest. In plain terms where a…
11:30 AM Rajiv Gandhi Equity Investment Scheme for deduction upto Rs. 50,000 for assessees with Income upto Rs. 10,00,000 details to be released later
exemption limit in case of Individual is increased by Rs. 20000/- now basic exemption limit is Rs. 200000/- Tax slab is 20% from Rs. 8 to 10Lacs Deduction on saving…
Service tax rate is increased from 10to 12% ( Increase by 2%) Service tax is applicable on all services except negative list
Budget 2012 has inserted Provision to Section 68 the effect of which is that any share application, share capital or share premium received in a privately held company shall be…
In Budget 2012 new Section 54GB is proposed to be inserted to provide exemption from long term capital gain on sale of residential house by Individual or HUF if the…
