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Andhrawala
Vooriki Bewarse
Username: Andhrawala
Post Number: 5192
Registered: 03-2004
Posted From: 192.58.204.226
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 9:17 am: |    |
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>>>Tax of 0.1% on cash withdrawal of Rs 10,000 per day
hawala business full swing loki vasthundhi malli
//
Even for People in India it will apply mama.
So with this cash tranbsaction may reduce and check payments and credit cards will increase.
ayinaa Rs 10,000 ki Rs 10 tax ante not a big deal |
Manishi
Vooriki Bewarse
Username: Manishi
Post Number: 2538
Registered: 06-2004
Posted From: 129.9.163.106
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 9:14 am: | |
>>>Tax of 0.1% on cash withdrawal of Rs 10,000 per day
hawala business full swing loki vasthundhi malli ! |
Gaali
Desanike Pedda Bewarse
Username: Gaali
Post Number: 2946
Registered: 03-2004
Posted From: 199.26.230.102
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 9:09 am: | |
Overall gaa manchi budget yenaa mamalu? |
Andhrawala
Vooriki Bewarse
Username: Andhrawala
Post Number: 5191
Registered: 03-2004
Posted From: 192.58.204.226
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 9:08 am: | |
>>last time budget lo adi introduce chesi ..malli withdraw chesesaru kada.
Last time budget lo first they said income from NRE deposits will be taxable. Later again afraid of flight of forex, they gave execpation till March 2005. Now given untill March 2006 |
Aswaddhama
Bewarse
Username: Aswaddhama
Post Number: 1404
Registered: 06-2004
Posted From: 65.102.201.130
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 8:34 am: | |
last time budget lo adi introduce chesi ..malli withdraw chesesaru kada. |
Andhrawala
Vooriki Bewarse
Username: Andhrawala
Post Number: 5188
Registered: 03-2004
Posted From: 192.58.204.226
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 8:29 am: | |
Income from NRE accounts is not taxable.
Assaliana point miss chesevu mama |
Pokiriraja
Pilla Bewarse
Username: Pokiriraja
Post Number: 196
Registered: 02-2005
Posted From: 202.153.34.158
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 8:24 am: | |
tokka laaga unddhi |
Aswaddhama
Bewarse
Username: Aswaddhama
Post Number: 1400
Registered: 06-2004
Posted From: 65.102.201.130
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 8:20 am: | |
BHARAT NIRMAN ..ani Budget sessions starting lo President speech ni ...justify chesukodaniki, baga try chesadu PC. Ika impementation ye migili vundi |
Babu
Desanike Pedda Bewarse
Username: Babu
Post Number: 3430
Registered: 06-2004
Posted From: 65.208.22.26
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 8:18 am: | |
good one for salaried employees  |
Aswaddhama
Bewarse
Username: Aswaddhama
Post Number: 1399
Registered: 06-2004
Posted From: 65.102.201.130
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, February 28, 2005 - 8:17 am: | |
Looks PC covered everything. No controversial TAX related issues.
Rs 5500cr outlay for 7 mega-cities Priority for roads, ports & airports
SPl SPVs to fund infrastructure deficit Forex resources to be tapped
Service tax on pipeline transmission at 10.2%
Customs & excise on LPG & Kerosene 0% Cess on petrol and diesel at 50p/ litre
Crude oil customs duty cut to 5% Peak duty reduction on petro products to 10%
Savings till Rs 1 lakh to be deducted from taxable income
No change in corporate tax for foreign companies
Conveyance, canteen allowances outside tax net
Standard deduction removed No tax for annual income of Rs 1 lakh
Expert committee to be set up for EET system
Exemption for women at Rs 1.25 lakh Exemption for senior citizens Rs 1.5 lakh
Tax of 0.1% on cash withdrawal of Rs 10,000 per day
Initial depreciation rate increased to 20% To levy fringe benefits tax of 30%
Depreciation rate to be 15% for plant and machinery
Corporate tax rate for domestic co's at 30% Corporate tax at 30% Surcharge of 10%
STT to be increased to 0.02% from 0.015% for day traders
Rs 1-1.5 lakh at 10% Rs 1.5-2.5 lakh at 20%
More taxes on perks Deductions under medical insurance premiums to continue
Fertiliser subsidy could be cut if natural gas is used
To continue subsidies but in recast form
Foodgrain procurement to be made more cost-effective
Customs duty on industrial raw materials cut to 10%
Customs duty on coking coal cut from 15% to 5%
To allow banking companies to issue preference shares
New Banking bill to be introduced in Budget session
Credit linking target increased to 2.5 lakh SHGs
12th Finance commission to cost the centre Rs 26000 cr
Revenue deficit 2.7%; Fiscal deficit 4.3%
Plan expenditure of Rs 1,72,500 cr Non-plan expenditure Rs 3,70,847 cr
Targets $15000 cr of exports by FY'09
Will ensure devp schemes don't continue without checks
Fertiliser subsidy could be cut if natural gas is used
Defence allocation increased to Rs 83000 cr
Rs 34375 cr on capital expenditure for defence
Entire production, distribution chain to be covered soon
VAT to be introduced from 1st April 2005
To make Mumbai regional 'hub for finance'
May allow trading of asset backed debt
To clear legal validity of OTC derivative contracts
Stamp duty exemption for corporatisation of stock exchanges
FIIs to give collateral on derivatives trade
To ammend Banking Regulation Act
To remove cap/floor for SLR for banks
Seeks overseas investment in mining, trade, pensions
Trade policy to be further liberalised
Forex to be used for infrastructure projects
SMEs in Pharma, IT to get equity support
Companies allowed to re-negotiate debt
Financial package to to be worked out by NABARD
Capital subsidy allocation for SSI's up to Rs 173 cr
To extend insurance scheme for 2 mn handloom weavers
Lower interest costs for Sugar industries
To launch manufacturing competitiveness plan for SME's
10% capital subsidies scheme for textile sector
To ask PSU banks to increase borrowers by 5 mn in FY'06
New fund for strategic agriculture research Rs 50 cr allocated
Rs 450 cr provided for Highway development in North East
Micro-finance devpt fund increased to Rs 200 cr
Services sector to get stable tax policy
National Agriculture Insurance scheme to continue
Rs 6,253 cr for devpt of SC/ST Special scheme for SC/ST students
Loans for rural areas to increase by 30%
Rs 1,08,500 cr to be disbursed as loans
Comparative advantages in tea have eroded
Price stabilisation fund for commodities not effective
To provide telephone connections to 66,820 villages
Rs 14,040 cr equity support & Rs 3,554 cr as loans for PSEs
Rs 14,040 cr equity support & Rs 3,554 cr as loans for PSEs
National Horticulture Mission to get Rs 630 cr
60 lakh additional houses for rural poor
Telephone connectivity for 66,822 villages
Electricity to 1.25 lakh villages
Addl 1 cr hectare to be brought under irrigation
Rs 4200 cr state plan for Jammu and Kashmir Rs 14379 cr allocation for J&K
2000 Rajiv Gandhi fellowships On pattern of UGC fellowships
Double nutrition norms Centre to share half of state's burden
Schemes for SC/STs Rs 6253 cr allocated
Mid-day meal allocation up to Rs 3,010 cr vs Rs 1,675 cr
Baramull-Udhampur railway project designated project of national importance
Special grants for Bihar Over Rs 7900 cr granted to Bihar
New backward regions grant fund to get Rs 5000cr
Outlay on drinking water increased to Rs 4,750 cr
170 backward districts Backward regions fund Rs 5000 cr yearly
Separate statement on 'gender' sensitivity Central assistance for teaching Urdu
ICDS allocation up 47% to Rs 3142cr Pledges 'inclusive economic growth'
New prarambikh shiksha fund To be allocated Rs 7156 cr
Sectors getting jobs will get highest govt. priority
Textile job potential seen 12 mn in 5 yrs Gross Budgetary Support up 16.9%
National Rural Health mission to start in FY'06
Allocation for mid-day meal goes up to Rs 3010 cr
Education allocation at Rs 18,337 cr in in FY'06
Food-for-work programme announced in 250 districts
Allocation for health and family welfare at Rs 10,280cr
70 lakh extra jobs in IT by 2009 Fertilizer subsidy in FY'06 at Rs 16254cr
Subsidy for Rural devt. at Rs 18,334 cr
Allocation to increase to 10,280 crores
Food-for-work programme successful Programme announced in 250 districts
One crore to be employed in irrigation schemes
Non-food credit up 21.5% To raise plan expenditure by 25.6%
To raise plan expenditure by 25.6% in FY' 06
FM: UPA committed to greatest good to greatest number
Rs 10,216 cr for Tsunami relief and rehabilitation
CMP mandated growth rate of 7-8% Growth rate to be 6.9% Ind growth up 8.9%
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