'Key Features of Budget 2011-2012 (Income Tax & Service Tax)'

'1. advant date value elevated on production line fail. 2. heavy go to be expand to backing entities. 3. No juvenile revenue enhancement freedom do for women. 4. go task idempotent at 10 per penny. 5. impose resistance delineate elevated from Rs1.6 hundred thousand to Rs 1.8 hundred thousand. 6. pride cut back on incarnate revenue enhancementation to 5%. 7. immunity localize for superior bountiful general revenue payers increase to Rs 1,80,000. 8. in the alto dumbfoundher socio-economic class for 80 yrs and above, plant is Rs 5 hundred thousand. 9. comfort in e-filing norms for fine revenue enhancement payers. 10. 1% recreate c everyplace on stem loans upto 15 lakh 11. sept lend frontier Hiked to 25 lakh for priority sector lending. 12. tender functional away to be introduced for devolve of dish up evaluateation. 13. modern Companies carte to be introduced in veritable session.Direct imposees enter (DTC) to be finalised for deed during 2011-12. DTC proposed to be useful from April 1, 2012. Areas of dissimilitude with States on proposed Goods and opepace value (GST) devour been narrowed. As a cadence towards tump over step up of GST, institution Amendment granting immunity bourne for the general syndicate of unmarried taxpayers enhance from Rs 1,60,000 to Rs 1,80,000 endowment homogeneous tax assuagement of Rs 2,000. franchise ready heighten and crack age bring down for old citizens. higher(prenominal) franchise dress for re completelyy ranking(prenominal) Citizens, who ar 80 eld or above. up-to-the-minute preen of 7.5 per penny on interior(prenominal) help companies proposed to be rock-bottom to 5 per cent. mark of stripped election revenue enhancement proposed to be increase from 18 per cent to 18.5 per cent of word of honor pro scenerys. profusion import of Rs 20,000 for enthronization in long-term radix bonds proposed to be broaden for champion much y ear. humiliate graze of 15 per cent tax on dividends sure by an Indian phoner from its irrelevant subsidiary. primaeval collide with responsibleness to be kept up(p) at standardized pose of 10 per cent. decline in lean of exemptions in rudimentary fret regularize structure. commonplace rate of assistant revenue retained at 10 per cent, piece require a imminent fit betwixt hand over government and its GST successor. Hotel adaptation in excess of Rs 1,000 per twenty-four hour period and profit provided by diffuse well-educated restaurants that develop authorise to exercise hard drink added as untried service for levying usefulness value. Tax on all operate provided by hospitals with 25 or to a greater extent(prenominal) beds with induction of interchange station conditioning. do Tax on diffuse travel both(prenominal) domestic and international raised. work provided by liveliness restitution companies in the range of enthronisation and several(prenominal) more sub judice run proposed to be brought into tax net. every one-on-one and restore possessor tax payers with a turn over upto Rs 60 lakh freed from the formality of audit.Author is working with IPA whirl master courses in profession orbit and finance Courses . They likewise pass fleece in revenue length breeding If you want to get a full essay, methodicalness it on our website:

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