One percent VAT imposed by Maharashtra on flat sale !

VAT is a sales tax on the "agreement for sale" between builder and buyer. .Maharashtra government has issued a notification on the imposition of 1 per cent value added tax (VAT) on the contract price of flats mentioned in the agreement of sale registered on or after April 1.

Eleven Tax Propsal of Budget 2010-11 Affecting Business & Companies

budget proposals :Settlement Scope Increased

Now search and seizure cases pending for assessment is eligible for application for settlement to Settlement Commission .

Extra Deduction of Rs 20,000 For Individuals & HUF

A deduction u/s 80CCF for  an additional amount of Rs.20,000 for investment in long-term infrastructure bonds as notified by the