https://www.taxtmi.com/news?id=921 Budget increases total expenditure with large rises in plan and non plan outlays and expanded allocations for rural, social and infrastructure programmes, including universal BPL health insurance and identity authority funding. Tax changes leave corporate rates unchanged but raise personal income tax exemption thresholds, remove a surcharge and fringe benefit tax, raise minimum alternate tax, abolish commodity transaction tax, adjust customs and excise duties on specified goods, and extend service tax to additional services. Fiscal stance set with projected revenue and fiscal deficits as percentages of GDP. en-us Mon, 06 Jul 2009 13:30:34 +0530 Mon, 06 Jul 2009 13:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=921 Budget increases total expenditure with large rises in plan and non plan outlays and expanded allocations for rural, social and infrastructure programmes, including universal BPL health insurance and identity authority funding. Tax changes leave corporate rates unchanged but raise personal income tax exemption thresholds, remove a surcharge and fringe benefit tax, raise minimum alternate tax, abolish commodity transaction tax, adjust customs and excise duties on specified goods, and extend service tax to additional services. Fiscal stance set with projected revenue and fiscal deficits as percentages of GDP. News - Mon, 06 Jul 2009 13:30:34 +0530 https://www.taxtmi.com/news?id=921