Thursday, 10 July 2014

BUDGET HIGHLIGHTS OF FY- 2014-15

To Hike Excise Duty On Cigarettes In Range Of 11-72%.

Hikes Excise Duty On Gutka To 70% From 60%.

To Expand Horizon Of Service Tax.

10% Customs Duty On Some Telecom Products.

To Hike Excise Duty On Cigarettes By 11-72%.

To Cut Excise Duty On Packaging Machinery To 6%.

Hike Excise Duty On Cigarettes.

To Increase Custom Duty On Imported Flat Roll Steel.

To Reduce Excise Duty On Footwear.

Customs Duty On Some Wind Power Equipment Cut To 5%.

Export Duty On Bauxite Hiked To 20% From 10%.

To Cut Customs Duty On LCD, LED Panels Sub-19 Inch To Nil.

To Rationalise Customs Duty On All Grades Of Coal To 2.5%.

Cut Basic Customs Duty On Methyl Alcohol To 5%.

To Cut Basic Customs Duty On Some Petchems.

To Increase Custom Duty On Imported Flat Roll Steel.

Basic Customs Duty On Crude, Naphthalene Cut To 5% Vs 10%.

Education Cess On Imported Electronic Products.

To Increase Cap Gains Tax Cut-Off For Eq MFs To 36 Months.

Impact Of Direct Tax Proposals At Rs 22,200 Cr.

No Changes In Surcharge Rates For Direct Tax.

To Hike Tax Rate To 20% For Transfer For MF Units.

FY15 Revenue deficit at 2.9%.

Propose To Introduce Range Concept In Transfer Pricing.

Propose To Retain 15% Tax Rate On Intl Dividend Income.

Income From Portfolio Invst To Be Capital Gains.

Invst Allowance Of 15% On Invst Of more than Rs 25 Cr In Mfg.

Propose To Extend 10-Yr Tax Holiday For Power.

No Changes In Surcharge Rates For Direct Tax.

Education CESS To Continue At 3%.

Exemption For Self-Occupied Homes Raised To Rs 2 Lk.

80C EXEMPTION LIMIT INCREASED TO Rs 1.5 LK.

NO CHANGES IN SURCHARGE.

No Changes In Tax Rates.

Non-tax Revenue At Rs 2.12 Lk Cr In FY15.

REVENUE DEFICIT TO BE 2.9% IN FY15.

FISCAL DEFICIT TO BE 4.5% OF GDP.

Total Expenditure At Rs 17.9 Lk Cr In FY15.

Plan Expenditure At Rs 5.75 Lk Cr For FY15.

Non-plan Expenditure At Rs 12.2 Lk Cr.

SOPs to banks against long-term infra loans.

Propose Addl Rs 1,000 Cr For Rail Connectivity In Northeast.

Additional Rs 1000 cr to boost rail connectivity.

Propose Setting Aside Rs 500 Cr For 5 Tourist Circuits.

Rs 990 Cr For Socio-economic Dvpt Of Villages Along Border.

Allocate Rs 2.29 Lk Cr For Defence Sector.

To Enhance PPF Contribution To Rs 1.5 Lk.

RBI will Create a Framework for Licensing for Differentiated Banks.

Banks will be encouraged to Lend Long Term Loans to Infra.

Propose To Take Up Pending Insurance Bill.

To Set Up 6 Debt Recovery Tribunals.

Bks Will Be Allowed To Give Long-term Loans To Infra.

New Indian Accounting Standard For Financial Sector From FY17.

To Introduce Single Demat A/c For All Financial 

Transactions.


To Introduce Single Demat A/c For All Financial 

Transactions.


To Liberalise ADR, GDR Regime For All Permissible Securities.

Uniform KYC Norms For The Entire Financial Sector.

Witholding Tax On Corporate Bonds Issued Overseas Extended.

Rs 100 Cr For Preparatory Work Of Clean Thermal Energy Scheme.

New Airports To Be Developed Through PPP Mode.

To set up Trade Facilitation Centers for Varanasi.

Propose Work On Expressways Parallel To Indl Corridors.


Rural Fund corpus raised to Rs 30,000 cr in FY15.

1 comment:

  1. Hi Manish - pls post this comment . In newspaper on 19th July economic times. Cadbury buy back at Rs 2014 directed by BOMBAY high court

    ReplyDelete

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