Tag Archives: India Budget

Budget-2010- Direct Tax Proposals

Posted on February 27, 2010 by Mukesh Goel

TAX PROPOSALS: The Centralized Processing Centre at Bengaluru is now fully functional and is processing around 20,000 returns daily. Two more Centres will also be established during the year. The Income Tax department has introduced “Sevottam”, a pilot project at … Continue reading →

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Budget-2010-Indirect Tax Proposals

Posted on February 27, 2010 by Mukesh Goel

Indirect Taxes Custom & Excise. The standard rate on all non-petroleum products enhanced from 8 per cent to 10 per cent ad valorem. The specific rates of duty applicable to portland cement and cement clinker also adjusted upwards proportionately. Similarly, … 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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