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| Budget 2011 : Income Tax Benefits |
The union budget which was presented in the Lok Sabha has drawn mixed reactions from the people all over country be it companies or individual. There has been a lot of tax benefits which has been inserted in the Union Budget 2011-12. [...] |
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| Subsidy Proposal : How The Common Man is Affectted :Budget 2011 |
Last year Finance Minister Pranab Mukherjee [ Images ] experimented with the direct transfer of subsidies for a few agricultural fertilisers excluding urea.
This has been found to be very successful in ensuring that the benefits are accrued by the actual farmer who ultimately uses the fertilisers and not the intermediaries. [...] |
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| Budget 2011-2012 : Some Relief for the Common Man |
The inflation baffled aam adami generally expects a lot from the finance minister in the form of tax concessions.
But at the same time, the finance minister has a difficult task of managing the fiscal deficits. To meet the expectations of the common man and also as a step towards the proposed Direct Taxes Code, the finance minister has tried to harmonise Budget 2011 with the DTC [...] |
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| Late Payment of Service Tax - Penalty Upto 50% of Tax ? |
If you are providing any taxable service, you are in for some changes in penalties on late payment of service tax.
The penal provisions of Sections 76, 77 and 78 of the Finance Act, 1994, have been changed a bit. Section 76 for penalty on late payment of service tax will charge an additional one per cent a month or Rs. 100 a day, whichever is higher [...] |
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| Budget 2011-2012 : How it affects Personal Finance ? |
Budget 2011-12 has given a marginal benefit on the tax slab for individuals. However, the benefits for very senior citizens are higher.
The expectations that there will be changes in the investment avenues and their slabs, however, have not been met [...] |
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| Budget 2011-2012 - Highlight Features & Key Points |
- Swift and broad based growth in 2010-11 has put the economy back to its pre-crisis growth trajectory. Fiscal consolidation has been impressive.
- Significant progress in critical institutional reforms that would set the pace for double-digit growth in the near future.[...]
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| Pre Budget 2011-2012 - Analysis |
First time in recent years the budget is being presented with very low expectations from all the concerned sectors. Lot of myths have been created in the form of DTC and GST and all the expectations are merged with these two so called and much awaited tax reforms in the India Taxation history hence nothing has been left to expect from Budget-2011. Let us have a close look at the myths, expectations and realities with respect to Budget-2011. [...] |
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| Budget 2011 Mum on Fuel Taxes Sparks Price Rise Talk |
The Finance Minister belied expectations of cuts in fuel taxes in his budget speech on Monday, denying any relief to state-run oil firms but boosting chances of a planned ministerial meeting taking up the issue of raising prices soon.. [...]
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| Top Corporates welcome Budget 2011 |
Reactions from the corporate sector to the budget presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Monday were mostly positive[...]
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| No Filing of Tax Returns if Salary is only Income -Budget 2011 |
Finance Minister Pranab Mukherjee on Monday proposed to exempt salaried employees from filing tax returns unless they have other sources of income.
The government will be issuing a notification exempting 'classes of persons' from the requirement of furnishing income tax returns, said the Memorandum to the Finance Bill 2011. [...]
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| Instant Reaction : Economists on Budget 2011-12. |
Finance Minister Pranab Mukherjee on Monday presented to the Parliament the Union Budget for the coming financial year beginning in April.
Following are the instant reactions by some prominent experts on the Budget:.[...]
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| Income Tax Rates / Tax Slabs after BUDGET 2011 |
The main highlights of the budget 2011 are changes regarding income tax slabsrates. But no major changes has been made by the Finance Minister Pranab Mukherjee propsal today. Only some significant changes for male citizens below then 60 years age i.e. increase the exemption limit from 1.60 lakh to 1.80 lakh per annum. .[...]
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