Government Lowered Service Tax Rates by 2% and Cuts Excise Duty to 8%
MARKET UPDATES · Tags: Cuts Excise Duty to 8%, factory gate duties, Lowered Service Tax Rates by 2%, New Excise Duty rates and service tax rates, New Excise rates and service tax rates
The Congress-led UPA government on Tuesday cut factory gate duties further and lowered service tax rates by 2% lowered service tax rates as it moved to protect the economy from the impact of the global... Read more
Comments on Interim Budget
Changes in tax structure expected after forthcoming National and state Elections. Government will review tax exemptions before March 31,2009. Bookmark It Hide... Read more
Prosecutions will be filed on the Violated companies
The Central Government has Identifid 121 vanishing companies and prosecutions have been filed in 110 cases for violation of various provisions of the Companies Act,1956. Bookmark It Hide... Read more
Budget Highlights
MARKET UPDATES · Tags: Asset management service, budget 2009 highlights, Budget Highlights, Centvat, Commodities Transaction Tax, Commonwealth Games, Customs duty, Direct tax proposals, Excise duty, Fringe Benefit Tax, GDP ratio, Indirect tax proposals, Jawaharlal Nehru Urban Renewal Mission, Kasturba Gandhi Vidyalaya, Loan waiver scheme, National Agriculture Insurance Scheme, National AIDS Programme, National Fund for Transmission and Distribution Reforms, National Horticulture Mission, National Plant Protection Training Institute, New tax slabs, NREGA scheme, Rajiv Gandhi Drinking Water Mission, rate of surcharge in india, Sarva Shiksha Abhiyan, Securities Transaction Tax, SIDBI
Budget Highlights Direct tax proposals to be revenue neutral. Indirect tax proposals to result in loss of Rs 5,000 crore. Banking cash transaction tax withdrawn from April 1, 2009. Commodities Transaction... Read more
Finance Bill,2009
MARKET UPDATES · Tags: 2009, Add new tag, advance tax, assessment year 09-10, Assessment year 2009-10, being a woman resident in India, Central Government, co-operative society, company, corporate tax, finanace bill 2009, finance act 2009, financial year 2008-09, firm, income tax rates, income tax rates for the year 2009-10, individual, local authority, Rates of income-ta x, section 111A or section 112, Surcharge on income-tax, tax deduction at source, tds, THE FINANCE BILL
AS INTRODUCED IN LOK SABHA ON 16TH FEBRUARY, 2009 Bill No. 6 of 2009 THE FINANCE BILL, 2009 A BILL to continue the existing rates of income-tax for the financial year 2009-10. B e it enacted by Parliament... Read more
BHEL, NHPC in joint bid to bring Myanmar project back on track
MARKET UPDATES · Tags: Bharat Heavy Electricals Ltd (Bhel), National Hydroelectric Power Corp. Ltd (NHPC), natural gas, PricewaterhouseCoopers, Tamanti hydropower project, Tamanti hydropower project in Myanmar, transmission links
State-owned Bharat Heavy Electricals Ltd (Bhel) and National Hydroelectric Power Corp. Ltd (NHPC) may together build the 2,400MW Tamanti hydropower project in Myanmar, setting the delayed Rs. 14,000 crore... Read more
Oil rises slightly to $34 amid demand concerns
Oil rose back above $34 a barrel Friday in Asia after concerns about weakening US consumer demand sent crude near five-year lows overnight. Light, sweet crude for March delivery rose 60 cents to $34.58... Read more
News Print Agencies Gets Customs Duty Exemption
MARKET UPDATES · Tags: glazed newsprint, Light weight coated (LwC) paper, Special Additional Duty, special custom duty, special custom duty exemption, special custom duty publishing industry
The government today announced special custom duty exemptions to the newspaper and magazine publishing industry in the country. These concessions have been announced in view of the current economic slowdown... Read more
Trouble ahead for India’s retail lenders
MARKET UPDATES · Tags:
Hit by a liquidity squeeze, a battered stock market, and the recent travails of big institutions such as ICICI Bank Ltd, India’s banks are feeling the impact of the global financial meltdown. But there... Read more
Ban on futures trading in some agri commodities
MARKET UPDATES · Tags:
Chairman of the Forward Markets Commission, or FMC, B.C. Khatua says the ban on futures trading in some agri commodities is resulting in illegal or “dabba” trading, and that the current laws don’t... Read more