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Budget 2009

Effective Dates of Unioun Budget 2009 Provisions

July 14, 2009

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……..more to be added soon……………….so keep in touch……………..and subscribe your email id………..for latest unpdates…..
INCOME TAX [...]

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Changes of TDS in Union Budget 2009 | TDS Amendments applicable for A.Y.2010-11

July 9, 2009

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. Please see details given below for amenmendts related to TDS / Tax [...]

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Limit of wealth tax increased

July 9, 2009

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, Hindu undivided family and company at the rate of 1% of the [...]

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Advance Tax Liability Increased to 10000 from 5000

July 9, 2009

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 Budget 2009-10 to raise the threshold limit for payment of advance tax from the present [...]

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Rajasthan Budget 2009-10 Highlights, Budget Speech

July 8, 2009

You can view/ download Rajasthan Budget 2009-10 Speech and other documents of the Modified Budget for the fiscal year including Budget Highlights, Finance Bill, Major Head wise record of Revenue and Receipt and expenditure online on Rajasthan Govt. Ministry of Finance website at the following link: No major changes in Value Added Tax, No other [...]

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Highlights of Punjab Budget 2009-10, Budget Speech

July 8, 2009

Punjab Budget 2009-10Punjab state Finance minister Manpreet Singh will present the budget estimates for the remaining part of the year 2009-10. The general discussions on budget estimates would be held on July 8, 9 & 10, 2009.
The budget would be telecast live on Jalandhar door darshan from 12 noon onward, an official spokesman said.
Source: Punjab [...]

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Know the Procedure of Union Budget | How to Prepare ?

July 6, 2009

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 of things to do. View below Slide show to get fundamental knowledge about technique and prcoedure to [...]

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Changes in Service Tax | Budget 2009-10

July 6, 2009

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.
Transport of coastal goods, and transport through inland waters.
Legal Consultancy Services, except services provided by an individual or to an [...]

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Fringe Benefit Tax (FBT) to be abolished

July 6, 2009

Finance Minister Pranab Mukherjee has announced that Fringe Benefit Tax (FBT) has been abolished.
Income Tax exemption limit Increased in union budget 2009
Watch Highlights of Union Budget 2009 related to Direct Taxation
The commodity transaction tax (CTT) has also been abolished. The Goods and Services Tax (GST) will come into effect from April 01, 2010, Mukherjee [...]

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Income Tax Exemption Limit Increased | Union Budget 2009 Taxation Highlights

July 6, 2009

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 senior citizens,Rs.190,000 for women andRs.160,000 for others.Income tax exemption limit increased, corporate tax rate unchanged
DIRECT TAXATION

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Highlights of Union Budget 2009

July 6, 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 sectors. Budget is also an important source of information on government finances i.e. which way that’s heading.
Every [...]

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Watch Budget 2009 Live Online

July 4, 2009

Watch Union Budget 2009 Live online provided by Nautanki.tv. No need to go anywhere remained on etaxindia.org and watch.

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