New Delhi: An election year, the temptation to populism to resist, not to big tax handouts offer budget on Thursday, but the surcharge levied on
the super-rich, mobile phones, cigarettes and luxury imported cars was good and TDS Rs. 50 million on the sale of assets was introduced.Network net additional Rs. 18,000 crore in the year before the general elections, the UPA-II level in the final presentation of the budget, Finance Minister P Chidambaram one kasayela need a rope walk with a balanced growth in wisdom and cutting subsidies, tax expenditures in the social sectors, man.
Deficit of 4.8 percent of GDP budget pegs, the defense improved in the current year allocation of Rs 2,03,672 crore costs within, strengthened 14 percent.Chidambaram without replacing the motherboard rates of income tax at the rate of Rs. 5 lakh taxable income is higher than the 1.8 million taxpayers will benefit when there is Rs Rs. A profit of Rs 2,000 individual taxpayers. 3600 crore turnover sacrifice.First time home buyers of Rs. 25 lakh and Rs 1.50 lakh on housing loan for housing loans of Rs. A Rs 25 lakh. 1,000,000 interest, an additional deduction. The present Rs. 1,000,000 of the deduction for self-occupation.This is the most 'talked about super-rich of the rich. 1 million on the income of "the people" on the 10 percent tax was levied with a surcharge. 'Similarly, Rs. Local companies with taxable income of 10 million, is 5 to 10 percent surcharge. Foreign companies pay 2-5 percent premium increase.Proposed that the Finance Minister will try to establish the existence of only one year to hire, while 3 percent process to all taxpayers continuing education.Under an understatement and an attempt to eliminate tax evasion by the sale of real estate, a budget of Rs. One percent of all transfers of ownership by 50 million more than the amount fixed by the TDS. However, the exemption of agricultural land. The Securities Transaction Tax (STT) has slightly decreased, the new minister of non-agricultural commodity futures commodity transaction tax (CTT) was present.Indirect taxes, the budget of the Customs and Excise or any change in service tax, but the tax on imported luxury cars grew 75 percent to 100 percent higher and cycling on the yachts and 27 to 30 percent excise SUV.Minister of Finance, like its predecessors, most non smoking tool stopped playing together. Cigarettes, cigars, cigarillos, and 18 percent additional tax attracts. Service tax on air-conditioned restaurant, dining spenders expanded the drives were previously exempt if no alcohol is served. Mobile above costs 2000 rupees per 6 percent instead of 1 percent excise pulls today.Proposed excise frescoes, marble and silver zinc and lead smelter, where readymade garments, jute and coir carpet and the mask will be cheaper. Aid organizations and agricultural facilities are exempted from service tax professional courses in England.
Once in remission scheme, 10 lakh service tax payers in a spirit of voluntary compliance with tax penalties and interest waived when the herd is made.Very extensive and sustainable development and the promotion of production, with the aim of growing the rate of Chidambaram, health, water and sanitation, SC / ST and tribal and rural development increased.While the direct tax proposals at Rs. 13,300 crore, Rs 4,700 crore would rake in the indirect tax side.We hope to leave a bad economic recession year, Chidambaram said he Rs 16,65,297 crore confidence loads ambitious next year, and the total cost of the project is Rs 5,55,322 rupees to be linked. Non-plan expenditure of Rs 11,09,975 crore estimated.This is 29.4 percent higher than the revised estimates for the current year."Flagship All are fully and properly funded. Dare to say that I had the means to spend in line with the capacity of each of the departments or ministries have sufficient financial resources," he said in his speech that the budget lasted more than 100 minutes .However, in the current year, the total cost of Rs 14,30,825 crore in the revised estimate of Rs 14,90,925 crore from below.For fiscal deficit of 5.2 percent in the current year and next year to 4.8 percent contained estimated. The current year is estimated at less than 5.3 percent is predicted.
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