Though the Budget did not contain anything that directly pertains to mutual funds, the increase in disposable income in the hands of investors is likely to pave the way for increased investments in mutual funds in the long term, said fund managers. T ..
Fringe Benefit Tax and Commodity Transaction tax to be abolished NO CHANGE IN CORPORATE TAXES – MAT TO BE INCREASED TO 15% SUN-SET CLAUSES FOR DEDUCTION OF EXPORT PROFITS UNDER INCOME TAX TO BE EXTENDED BY ONE MORE YEAR DONATION TO ELECTORAL ..
EPCs and FIEo exempted from Service TaxThe Export Promotion Councils (EPCs) and the Federation of Indian Export Organisations (FIEO), will be exempted from service tax on the membership and other fees collected by them till 31st March, 2010. This was ..
Income Tax exemption limit increased by Rs.15,000 for senior citizens and by Rs. 10,000 for others 10% SURCHARGE ON PERSONAL INCOME TAX TO GOThe Finance Minister Shri Pranab Mukherjee in his Budget Speech today in the Lok Sabha proposed in increase t ..
Govt proposes full interest subsidy scheme for poor studentsGiving an impetus to education, the UPA government proposed a full interest subsidy scheme on education loans for poor students pursuing technical and professional courses in approved instit ..
New initiatives for infrastructure development Highlighting the criticality of investment in the infrastructure for the growth of the economy, the Budget has proposed new initiatives which involves giving boost to National Highway development progra ..
Sensex records highest Budget day fall on deficit concerns The BSE benchmark Sensex on Monday suffered the biggest fall on any Budget day and in the year too by plunging over 869 points on the Bombay Stock Exchange on concerns at the high fiscal defi ..
Govt raises IT limit; Surcharge, FBT & CTT abolished Announcing slew of tax sops, including an additional Rs 10,000 personal income tax exemption and scrapping of 10 per cent surcharge, the Finance minister Pranab Mukherjee has abolished the Fri ..
I-T exemption limit up for general taxpayers, senior citizens Giving relief to individual taxpayers, the government on Monday raised the income tax exemption limit by Rs 10,000 for general taxpayers, and by Rs 15,000 for senior citizens. For general ..
The State Government has continued its defiant stand on the issue of implementing the order of a Division Bench of the Karnataka High Court on the language policy. Chief Minister B.S. Yeddyurappa told presspersons here on Sunday that there was no cha ..
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