Tuesday, February 28, 2006

Budget features

Guys,
The followings are some of the features of budget.
They are not exhaustive.More to come.
 
 
 
  1. Companies allowed to file E returns by net

 

  1. Golden Quadrilateral will be completed 96% by 2006 end

 

  1. Rs. 3000 a year to a girl passing 8th standard

 

  1. Farmers to get short term credit at 7%

 

  1. Old age pension raised to Rs. 200 per month

 

  1. Small Cars to become cheap

 

  1. Cigarettes to cost more by 5%

 

  1. Steel to cost less by 7.5%

 

  1. 1/6 scheme for filing returns abolished

 

  1. No change in personal & corporate tax structure

 

  1. Computers to cost more in terms of excise duty by 12%

 

  1. Maruti Car cheaper by 23000

 

  1. ATM operations under service tax coverage

 

  1. FBT on tour & travel reduced to 5% form 20%

 

  1. Transaction tax to continue

 

  1. Excise duty on footwear to reduce by 16%
Regards,
Ravi
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