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Budget 2013 Tax Reduction

Mar 04, 2014 at 08:28 | Source: Reuters
The proposal to expand one of the most popular US government poverty reduction programs, the Earned Income Tax Credit, would cost USD 60 billion, a modest amount in a budget in which the president has USD 1.014 trillion in spending to parcel out, the White House said.
Feb 17, 2014 at 14:49 | Source: Moneycontrol.com
As had been widely speculated, Chidambaram announced excise duty cuts on some capital goods and non-durable items (specifically those for export purposes) from 12 percent to 10 percent. There were also reductions for motor vehicles.
Feb 17, 2014 at 12:24 | Source: PTI
"Government, RBI and Sebi took a number of measures to facilitate capital inflows and stabilise the forex market. Among emerging economy currencies, rupee was affected the least when the actual reduction took place in December 2013 and January 2014, Finance Minister P Chidambaram said in the Budget speech in parliament.
Feb 07, 2014 at 17:07 | Source: Moneycontrol.com
Deduction is available under section 80EE of Rs 1 lakh or the interest amount payable, whichever is less. If the interest payable is less than Rs. 1 lakh during FY 13-14, then the balance shall be allowed as deduction in the next financial year.
Aug 07, 2013 at 18:53 | Source: CNBC-TV18
In its recent survey of more than 1000 hotels and restaurants in Mumbai, the Service Tax department has found more than 700 hotels evading service tax, reports Aastha Maheshwari of CNBC-TV18.
Jul 17, 2013 at 13:14 | Source: Reuters
Asia's third-largest economy expects to mop up 133 billion rupees through direct taxes and 47 billion rupees through indirect taxes in 2013/14, the federal budget document shows.
May 21, 2013 at 09:55 | Source: Moneycontrol.com
By: Saloni Roy, Deloitte India
May 03, 2013 at 19:32 | Source: Moneycontrol.com
The Finance Bill, 2013 (relating to the tax proposals of Budget 2013) has been passed by the lower house of the Indian Parliament on April 30, 2013.
May 03, 2013 at 16:23 | Source: PTI
Faced with higher excise duty on its SUV models, homegrown auto major Mahindra and Mahindra today said it will be compelled to consider modifying its products to align with the new specifications for lower duty.
Mar 28, 2013 at 16:49 | Source: personalfn.com
Faced with intractable fiscal deficit situation, Finance Minister, in Union Budget 2013-14, has tried to pull out all the stops to bolster up revenue by plugging loopholes in taxation. However, this has resulted in some of most popular investments avenues losing their appeal. Read this space to know how it will impact investors.
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