https://www.taxtmi.com/article/detailed?id=1634 Service tax is extended to a negative-list regime and service tax and central excise are being harmonised with standard rates increased; certain goods and luxury items face higher indirect duties while measures attempt to shield small artisans. Income-tax slabs are revised with new deductions for savings and health, investment-linked incentives for SMEs and equity, audit thresholds for small enterprises raised, and a General Anti-Avoidance Rule introduced. Fiscal governance changes include a statutory Effective Revenue Deficit concept and a Medium Term Expenditure Framework with multi-year expenditure targets. en-us Fri, 16 Mar 2012 22:07:37 +0530 Sat, 14 Sep 2013 23:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1634 Service tax is extended to a negative-list regime and service tax and central excise are being harmonised with standard rates increased; certain goods and luxury items face higher indirect duties while measures attempt to shield small artisans. Income-tax slabs are revised with new deductions for savings and health, investment-linked incentives for SMEs and equity, audit thresholds for small enterprises raised, and a General Anti-Avoidance Rule introduced. Fiscal governance changes include a statutory Effective Revenue Deficit concept and a Medium Term Expenditure Framework with multi-year expenditure targets. Articles Budget - Tax Proposals Fri, 16 Mar 2012 22:07:37 +0530 https://www.taxtmi.com/article/detailed?id=1634