Taxindiaonline.com - Daily Mail Update
 
2007-TIOL-NEWS-050 - BUDGET 01
Wednesday, February 28, 2007
 
News Flash

1% education cess levied for Secondary and higher education; to be effective from today;

Personal income tax exemption limit raised by Rs 10,000/-

NO change in service tax rate as predicted by TIOL this morning but exemption limit hiked to Rs 8 lakh for small service providers;

ESoP brought under FBT; BCTT exemption to withdrawal by States;

Dividend distribution tax hiked; Samples and displays exempted from FBT;

Five year income tax holiday for two, three and four-star hotels in Delhi, Gurgaon, Noida, Faridabad and Ghaziabad;

80-IA benefits extended to gas pipeline and navigation channels;

Corporate tax relief to small companies of less than Rs one cr turnover; Surcharge removed;
     
 

Dear Member,

Sending you the first bunch of files comprising of Customs Tariff Notifications + Central Excise Tariff Notifications + Central Excise NT + Service Tax Notifications + Finance Bill+TRU DO Letters. Other files will follow soon:

  
     
Indirect Tax Basket

CENTRAL EXCISE SECTION

Tariff Notifications from 3 to 18

Non-Tariff Notifications 8-14

 

SERVICE TAX SECTION

Notifications 1-12

 

CUSTOMS SECTION

Notifications 20-34

 
 
Common Basket

Finance Bill 2007

TRU DO Letter

XCuSE
     
 

Regards
Customercare Executive

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