The impact of policy initiative of Union Budget 2012 has been a mixed one. The application of 1% TDS on the purchase and sale of property has not been much anticipated. The tax is paid if the property value is…
Tag: Union Budget 2012
Union Budget 2012: The give-away & Take-away
Personal Tax The tax slab for men and women both has been merged. The basic threshold limit increased from Rs. 1.8 lakh to Rs. 2 lakh for 10% rate and from Rs. 8 lakh to Rs. 10 Lakh for 30%…
Union Budget 2012: Another Cause for Inflation ?
Union Budget 2012 is a damp squid for the masses. Just to save Rs. 4,500 crores from direct Taxes, it has scaled the indirect taxes past Rs 45,000 for the masses. The self proclaimed prophesy of economic development is unfortunately…