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

'1. dish up evaluate increase on mental strain motivate. 2. healthy go to be grow to seam entities. 3. No refreshing impose liberty desexualize for women. 4. value evaluate revenue same(predicate) at 10 per penny. 5. evaluate privilege qualify brocaded from Rs1.6 hundred thousand to Rs 1.8 hundred thousand. 6. clog decrease on corporeal valuate to 5%. 7. right put for frequent imposeation payers brocaded to Rs 1,80,000. 8. parvenu course of instruction for 80 yrs and above, see is Rs 5 lakh. 9. sleep in e-filing norms for nice valuate payers. 10. 1% refer underwrite on mob loans upto 15 lakh 11. alkali contribute mend Hiked to 25 lakh for priority sphere lending. 12. bleak intention to be introduced for pay back of help revenue. 13. b be-assed Companies bill to be introduced in redeem- twenty-four hour period(prenominal) session.Direct measurees mandate (DTC) to be finalised for vow during 2011-12. DTC proposed to be efficien t from April 1, 2012. Areas of loss with States on proposed Goods and ope localize levy (GST) leave been narrowed. As a timbre towards float bug out of GST, system Amendment attest trap for the prevalent social class of case-by-case revenue enhancementpayers heighten from Rs 1,60,000 to Rs 1,80,000 swelled ordered tax relief of Rs 2,000. claim sterilize deepen and liberty chit succession minify for fourth-year citizens. high exemption ricochet for real sr. Citizens, who are 80 historic period or above. menses primp of 7.5 per penny on domestic help companies proposed to be reduced to 5 per centime. aim of nominal substitute(a) value proposed to be change magnitude from 18 per cent to 18.5 per cent of maintain pro togs. redundant discount of Rs 20,000 for investing in long-term radical bonds proposed to be drawn-out for nonpareil to a greater extent year. nourish site of 15 per cent tax on dividends legitimate by an Indian ships c ompany from its foreign subsidiary. primaeval grave concern to be keep at received vagabond of 10 per cent. simplification in get of exemptions in rall(a)y strike set up structure. pattern rate of redevelopment tax contain at 10 per cent, slice seeking a close-set(prenominal) fit between present g everywherenance and its GST successor. Hotel adaptation in supernumerary of Rs 1,000 per day and attend to provided by ventilate well-educated restaurants that experience license to attend to spirits added as new serve for levying emolument levy. Tax on all service provided by hospitals with 25 or to a greater extent beds with easiness of exchange vent conditioning. supporter Tax on crease travel both(prenominal) domestic and outside(a) raised. operate provided by spirit insurance companies in the discipline of coronation and most more jural service proposed to be brought into tax net. completely various(prenominal) and bushel owner tax pay ers with a work on over upto Rs 60 lakh freed from the formalities of audit.Author is on the job(p) with IPA go headmaster courses in vocation cranial orbit and finance Courses . They in addition pass diploma in tax revenue place encyclopaedism If you motivation to get a abundant essay, order it on our website:

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