NEWS
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EXPERT COLUMNS
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BUDGET HIGHLIGHTS
- Exemption limit for the general category of individual taxpayers enhanced to Rs 2,00,000
- Service tax rate raised from 10% to 12%
- Standard rate of excise duty to be raised from 10% to 12%
- No change proposed in the peak rate of customs duty of 10 per cent on nonagricultural goods.
- For 2012-13, Rs 30,000 crore to be raised through disinvestment
- Reduction in securities transaction tax by 20 per cent on cash delivery transactions
BUDGET INTERPRETATIONS
- Pharma sector be affected by increase in excise duty rates
- Duty rate hikes to adversely affect common man
- Excise hike on beedi, other tobacco products; positive for ITC
- LNG exempt from customs duty; positive for GAIL and other gas dist cos, power cos and fert cos
- Basic exemption limit for individuals increased; savings to the extent of Rs 22,000 on income on Rs 10 lakh
BUDGET FLASHES
- Raise customs duty on some vehicle imports to 75% from 50%
- Branded silver jewellery exempt from excise duty
- 10% advalorem duty on cigarettes
- Advolarom duty on some cigarettes
- Doubled custom duty on refined gold
- Excise duty on cigarettes raised
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SECTOR IMPACT
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- Auto - Cars & Jeeps
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Software Medium/Small
- Construction & Contracting - Civil
- Diamond Cutting/Precious Metals/Jewellery
- Electricals
- Engineering
- Fertilisers
- Finance - General
- Finance - Term Lending Institutions
- Mining/Minerals
- Oil Drilling And Exploration
- Power - Generation/Distribution
- Refineries
- Retail
- Steel - Sponge Iron
- Textiles - Denim
- Textiles - Readymade Apparels
- Transport
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chat with the expert
28 Feb- 11:00hrs
Discuss the Union Budget
Arnav Pandya
Financial Planner
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