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.
Car loans rise 18% to Rs 33,000 crore in 2009-10
April 21, 2010 by Leave a Comment
Leading banks lent 18 per cent more to car buyers in 2009-10 at Rs 33,000 crore, compared with Rs 28,000 crore in the previous year.
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Tyre prices to rise 7% from May-June
April 21, 2010 by Leave a Comment
Due to the steep rise in natural rubber (NR) prices, tyre companies have decided to raise prices by 7 per cent across all categories. The rise may be effective from May-June.
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RBI survey pegs economic growth at 8.2%
April 21, 2010 by Leave a Comment
A Reserve Bank survey has projected the economy to grow by a higher 8.2 per cent in the current fiscal
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Eleven Tax Propsal of Budget 2010-11 Affecting Business & Companies
February 27, 2010 by 1 Comment
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
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