Come April 1 and the travellers will have to pay higher amount on air travel as well as hotel room booking which is at leas t Rs 1000 per night. Finance Minister Pranab Mukherjee today announced in the 2011-12 budget that service tax on domestic … [Continue reading]
Budget 2011-12-FM announces interest subsidy for home buyers
February 28, 2011 by 1 Comment
There’s good news for those looking forward in investing in a home that cost of which does not exceed Rs 25 lakh. Finance Minister Pranab Mukherjee announced today in his Budget speech that in order to stimulate growth in the housing sector he is … [Continue reading]
Healthcare cost goes up as service tax imposed on it.
February 28, 2011 by 1 Comment
Government has in this budget brought under the ambit of service tax two healthcare facilities: first treatment in air conditioned private hospitals having more than 25 beds and second medical tests done in diagnostic centers. Hence now all big … [Continue reading]
Tax exemption limit for men and senior citizens raised not for women !
February 28, 2011 by 5 Comments
In order to compensate the salaried class who have been drastically hit by the never ending inflation, Finance minister Pranab Mukherjee today in his budget speech announced an increase in the income tax exemption limit from the current Rs 1.60 lakh … [Continue reading]
If you buy mutual funds, Finance Bill 2011-12 has tax shocker for you!
February 28, 2011 by 1 Comment
Forget tax relief, money market fund , liquid fund and even all other kinds of mutual fund got a shocker as tax rate on income distributed by them has been increased by Budget 2011-12 . Dividend Distribution Tax for mutual fund industry is … [Continue reading]
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