AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

HIGHLIGHTS OF INDIA'S BUDGET 2007-08.

AsiaPulse News

| March 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, March 1 Asia Pulse - Following are the highlights of the Budget for 2007-08 presented in Parliament by Finance Minister P Chidambaram Wednesday:

* No change in personal, corporate, service tax rates

* Threshold limit for income tax exemption increased by Rs 10,000 (US$226) for all assesses, giving a relief of Rs 1,000

* For women, threshold exemption raised to Rs 145,000 From Rs 135,000

* Exemption ...

Related articles from newspapers, magazines, journals, and more
Rs. 2.58 billion Income Tax target tremendously achieved in AJK.
News wire article from: PPI - Pakistan Press International July 5, 2006 700+ words
...achieved after the Income Tax realizing wing collected the amount of Rs. 2.58 billion as the income tax by June 30, 2006 against...said that despite the Income Tax department suffered the shortfall of Rs. one billion by the...
Savings up to Rs 1.50 lakh may be exempted from income tax.
News wire article from: PTI - The Press Trust of India Ltd. February 21, 2007 700+ words
...currently. Over and above Rs 1 lakh, income tax exemption might be given for...might also go for raising zero income tax slab to Rs 1.50 lakh against the current...35 lakh does not attract income tax and Rs 1.35-1.50 lakh draws...
Income tax collections to grow to Rs 5060 cr in FY08:Assocham.
News wire article from: PTI - The Press Trust of India Ltd. July 13, 2007 700+ words
Income tax collections to grow to Rs 5060 cr in FY08:Assocham...to lead to an increase in income-tax collection by Rs 5,060 crore at Rs 87,570...44.7 per cent growth in income-tax collection to Rs 1,19,443 crore, with...
Income Tax dept raises demand for Rs 60,000 crore addnl tax.
News wire article from: PTI - The Press Trust of India Ltd. January 1, 2007 700+ words
Income Tax dept raises demand for Rs 60,000 crore addnl...year 2004-05, the Income Tax department has raised a demand of Rs 60,000 crore additional...the assesees. "Income Tax department is confident...collecting at least Rs 30,000 crore additional...
Income tax collections at Rs 81,000 cr in H1.
News wire article from: PTI - The Press Trust of India Ltd. October 4, 2006 700+ words
Income tax collections at Rs 81,000 cr in H1 New Delhi, Oct 3 (PTI) Income tax collections comprising both personal and corporate income tax stood at Rs 81,000 crore till September...
Foreign cos get notices for additional Rs 10,000 cr income tax.
News wire article from: PTI - The Press Trust of India Ltd. August 12, 2007 700+ words
...Foreign cos get notices for additional Rs 10,000 cr income tax New Delhi, Aug 12 (PTI) The Income...400 crore additional corporate tax and Rs 496 crore as income tax. Out of this, they have deposited Rs 113 crore. In total, around Rs 1...
Rs 3 cr in undisclosed income, assets unearthed by income tax.
News wire article from: PTI - The Press Trust of India Ltd. March 20, 2007 700+ words
Rs 3 cr in undisclosed income, assets unearthed by income tax Pune, Mar 20 (PTI) Undisclosed income of over Rs 1 crore and unaccounted assets amounting to Rs 2.23 crore were unearthed during searches by the Income Tax department in several...
Senior citizen's income tax exemption limit increased by Rs.15,000.
News wire article from: Asian News International July 6, 2009 700+ words
...increase in the personal income tax exemption limits by Rs. 15,000 for senior citizens...under Section 80-DD to Rs.1 lakh from the present limit of Rs.75,000 in respect of...10 per cent on personal income tax. Further, to make the...
For more facts and information, see all results

Source: HighBeam Research, HIGHLIGHTS OF INDIA'S BUDGET 2007-08.

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA