Tag Archives: Budget 2009

budget update 2009- Indirect Taxes

Posted on July 21, 2009 by Mukesh Goel

The Finance Minister has confirmed the introduction of the Goods and Services Tax (GST) by the targeted date of 1 April 2010. It will be a dual GST comprising of a Central GST and a State GST, whereby the Centre … Continue reading →

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Budget update 2009- Direct Tax

Posted on July 17, 2009 by Mukesh Goel

Budget Update by CA. Sudha Gupta and CA. Vinay Bhushan Here are the salient features of the Budget 2009 DIRECT TAX Exemption of threshold limit for personal income tax raised by For senior Citizens Rs.15,000 from Rs.2.25 lakh to Rs.2.40 … Continue reading →

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Tax Provision on Limited Liability Partnership propsed in Budget 2009

Posted on July 8, 2009 by Mukesh Goel

The Budget 2009-10 has introduced the provisions regarding taxation aspect of the newly introduced form of business Limited Liability Partnership. As per the Budget 2009-10, LLP will be treated as Partnership firms for the purpose of Income Tax and will … Continue reading →

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