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Recent Posts Tagged With 'union budget 2009'
Download Direct Tax Code Bill 2009
The Finance Minister on Wednesday unveiled the draft of a brand new direct tax code/law, which will replace the four-decade Income-Tax Act, “… to improve the efficiency and equity of our tax system by eliminating distortions in the tax st...
Draft of Direct Tax Code Released by FM
Finance Minister, Shri Pranab Mukherjee said, I propose to pursue structural changes in direct taxes by releasing the new Direct Taxes Code within the next 45 days and in indirect taxes by accelerating the process for the smooth introduction of the G...
Effective Dates of Unioun Budget 2009 Provisions
Effective dates of various provisions. Of BUDGET -09-10 .After the union Budget 2009-10. Most of the visitors ask about effective dates of the amendments provisions. So here are the list effective dates of some of the provisions of union budget 2009....
GST Road Ahead to GST (Goods and Service Tax) in India
The budget speech of 2006-2007 contained a proposal to introduce Goods and Services Tax (GST) in India with effect from April 01, 2010. It has been reiterated in the budget speech of 2009-10 that the process for smooth introduction of GST with effec...
Changes of TDS in Union Budget 2009 | TDS Amendments applicable for A.Y.2010-11
TDS Rates Applicable for AY 2010-11 (FY 2009-10). Major Changes of TDS Tax Deducted at Source on Rental Payment u/s 194 I, on contract payment u/s 194 C, Payment to transports. Surcharge and cess is abolished. Other various amendmendts has been done...
Limit of wealth tax increased
Enhancement of the limit for payment of wealth tax, Limit of wealth tax increased. Under the existing provisions of section 3 of the Wealth-tax Act, wealth tax is charged every year in respect of net wealth on the valuation date, of every individual,...
Advance Tax Liability Increased to 10000 from 5000
Under the existing provisions of section 208 the Income-tax Act, liability for payment of advance tax during a financial year arises when the amount of such taxes payable during that year are Rs.5,000/-or more.However, It is proposed in the Union Bud...
Know the Procedure of Union Budget | How to Prepare ?
The below slide show informs, in what way policy makers prepare budget. What matters, they ponder before making draft budget i.e. Bare bones/framework to analysis expenditure, Legal framework and most importantly impact on Citizens. There are lotted...
Changes in Service Tax | Budget 2009-10
There are no major changes in service tax after union budget 2009. Some are new service has introduced in this budget.New Services has been levied on following services:Transportation of goods through Railways, including government railways.Transpor...
New Income Tax Slab F.Y.2009-10 | Union Budget 2009
This day (06-july-2009) income tax exemption limit subsequent union budget 2009 for individual tax payers was increased by Rs 10,000 for Male below 65 years, women and Rs 15,000 for senior citizens (i.e. 65 years and above) by the finance minister.Th...
Simple Tax Regime, Simple Tax Structure, FBT & CTT abolished, Lawyers to pay Service Tax, Corporate Tax remain Unchanged
Simple Tax Regime, Simple Tax Structure, FBT & CTT abolished, Lawyers to pay Service Tax, Corporate Tax remain unchanged. Encouraging to cut down poverty by 2014 and add 12 million jobs each year, Finance Minister Pranab Mukherjee presented India...
Fringe Benefit Tax (FBT) to be abolished
Finance Minister Pranab Mukherjee has announced that Fringe Benefit Tax (FBT) has been abolished.Income Tax exemption limit Increased in union budget 2009Watch Highlights of Union Budget 2009 related to Direct Taxation The commodity transaction tax (...
Income Tax Exemption Limit Increased | Union Budget 2009 Taxation Highlights
Budget 2009 Income Tax Exemption IncreasedFinance Minister of india Pranab Mukherjee said to increase in income tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000 each,The exemption limit will now beRs.240,000 for...
Highlights of Union Budget 2009
The union budget is an important financial document for the next one year. The Union budget of India lays down guidelines and pronouncements on different types of taxes, financial allocations for various heads, and developmental plans for different s...
