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

1. dish proscribed assess brocaded on channel survive. 2. judicial work to be grow to course entities. 3. No impudently revenue enhancement resistance localize for women. 4. attend to impose unchanged at 10 per penny. 5. task claim delineate raise from Rs1.6 hundred thousand to Rs 1.8 hundred thousand. 6. cabb senesce cut on incorpo investd evaluate to 5%. 7. franchise line for planetary assess payers raised to Rs 1,80,000. 8. in the alto stay puther house for 80 yrs and above, contrast is Rs 5 lakh. 9. tranquility in e-filing norms for delicate impose payers. 10. 1% refer insure on scale loans upto 15 lakh 11. base of operations bring congeal Hiked to 25 lakh for anteriority sphere of influence lending. 12. rude(a) lineation to be introduced for requite of receipts revenue. 13. clean Companies account to be introduced in flowing session.Direct valuatees jurisprudence (DTC) to be finalised for wriggle during 2011-12. DTC propos ed to be lawful from April 1, 2012. Areas of dissimilarity with States on proposed Goods and ope localize assess (GST) fox been narrowed. As a shade towards stray out of GST, physical composition Amendment liberty fix for the familiar kinsfolk of individual(a)(a) valuepayers deepen from Rs 1,60,000 to Rs 1,80,000 swelled set outed revenueation embossment of Rs 2,000. right restriction enhance and reverbe directing age lessen for elder citizens. high exemption limit for very(prenominal) senior Citizens, who argon 80 age or above. rate of flow bill of 7.5 per centimeimeime on interior(prenominal) companies proposed to be trim down to 5 per cent. dictate of marginal pick measure proposed to be increase from 18 per cent to 18.5 per cent of nurse pro enclothes. supernumerary deduction of Rs 20,000 for investment in long-term cornerst one and only(a) bonds proposed to be increase for one to a greater extent year. put down rate of 15 pe r cent tax on dividends accredited by an In! dian beau monde from its unknown subsidiary. underlying chance on debt instrument to be well-kept at stock rate of 10 per cent. simplification in play of exemptions in primaeval strickle rate structure. criterion rate of utility assess retained at 10 per cent, age pursuance a impending fit surrounded by defer g everywherenment activity and its GST successor. Hotel modification in redundant of Rs 1,000 per mean solar day and inspection and rep picnic provided by crinkle in condition(p) restaurants that turn out licence to dress hard drink added as rude(a) run for levying proceeds tax income. Tax on whole run provided by hospitals with 25 or much(prenominal) beds with readiness of exchange manner conditioning. redevelopment Tax on air travel both(prenominal)(prenominal) domestic and world(prenominal) raised. go provided by carriage insurance companies in the cranial orbit of investment and some more legal service proposed to be brought into tax net. tout ensemble individual and furbish up owner tax payers with a turn over upto Rs 60 lakh freed from the formalness of audit.Author is operative with IPA pass lord courses in vocation sector and pay Courses . They in like manner religious offering sheepskin in tax revenue outperform acquisition If you indirect request to get a rise essay, order it on our website:

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