You are here: Home » Income Tax » Budget 2009

Budget 2009

Union Budget : Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxes

INCOME-TAX CIRCULAR/PRESS NOTE Union Budget : Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxes PRESS NOTE [F.NO.334/5/2010-TRU], DATED 22-11-2010 In the context of formulating the proposals for the Union Budget of 2011-12, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rates and broadening of .....

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……..more to be added soon……………….so keep in touch……………..and subscribe your email id………..for latest unpdates….. INCOME TAX 01-04-2009 – Advance Tax Limit Increased to 10000 from 5000. Wealth Tax Limit Increased : The recommended amendment .....

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. Please see details given below for amenmendts related to TDS / Tax deducted at source.194-I: Rental Payments Earlier rates: Plant and Machinery = 10% Land or building or furniture or fittings to Individual/HUF .....

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, Hindu undivided family and company at the rate of 1% of the amount by which the net wealth exceeds Rs.15.00 lakhs. It is tendered to increase the threshold limit for payment of .....

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 Budget 2009-10 to raise the threshold limit for payment of advance tax from the present Rs.5,000/- to Rs.10,000/-. The recommended amendment will take impact from the 1st April, 2009. Hence, advance-tax for the financial .....

Rajasthan Budget 2009-10 Highlights, Budget Speech

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 tax levied. See complete Rajasthan Budget 2009-10 Highlights, http://finance.rajasthan.gov.in/budget2009m.shtm Rajasthan Budget 2009-10 Highlights, Budget Speech

Highlights of Punjab Budget 2009-10, Budget Speech

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 NewsLine Punjab Budget 2009-10 Highlights, Budget Speech You can view/ download Punjab Budget 2009-10 Speech and other documents .....

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 of things to do. View below Slide show to get fundamental knowledge about technique and prcoedure to make union budget.

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. Transport of coastal goods, and transport through inland waters. Legal Consultancy Services, except services provided by an individual or to an individual. Cosmetic Surgery & Plastic Sergery. Certain services have been modified. The definition of job work, under .....

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 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 said. The corporate tax also remains unchanged. He said additional revenue would be mobilised through disinvestment of government .....

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 senior citizens,Rs.190,000 for women andRs.160,000 for others.Income tax exemption limit increased, corporate tax rate unchanged DIRECT TAXATION IT Return forms to be more user friendly Centralised tax processing centre at Bangalore Share of direct taxes gone up .....

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 sectors. Budget is also an important source of information on government finances i.e. which way that’s heading. Every year before the budget is presented; there are expectations from people all over the country; industry and the masses .....

Watch Budget 2009 Live Online

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