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Budget 2013: How will it affect you

Last Updated: Friday, March 01, 2013, 12:04

Income Tax slabs have been left untouched this year, as these were introduced only last year.

Work on DTC in progress, Bill in Budget session: FM

Last Updated: Thursday, February 28, 2013, 19:19

Finance Minister P Chidambaram Thursday said work on the Direct Tax Code (DTC) Bill, which seeks to overhaul income tax laws, is in progress and the amended Bill will be introduced in the ongoing Budget session.

Plan expenditure estimates for FY14 up 6.58% at Rs 5,55,322 cr

Last Updated: Thursday, February 28, 2013, 18:57

However, the jump in the Plan expenditure for 2013-14 is 29.4 percent when compared with the revised estimates of the same for current fiscal at Rs 4,29,187 crore.

Union Budget: India Inc gives thumbs up

Last Updated: Thursday, February 28, 2013, 18:49

India Inc Thursday gave a thumbs up to the UPA-II's last Union Budget before the general elections next year and said Finance Minister P Chidambaram presented a "bold" and "growth-oriented" Budget.

Chidambaram invokes poets, scholars in Budget speech

Last Updated: Thursday, February 28, 2013, 18:47

Unlike the Rail Budget two days ago, Chidambaram's speech in the Lok Sabha was heard with rapt attention and there were only a couple of minor disruptions.

Duty-free import limit of jewellery via passn baggage raised

Last Updated: Thursday, February 28, 2013, 18:44

To prevent harassment to passengers , the government Thursday proposed increasing the limit of duty-free import of jewellery via passenger baggage to Rs 50,000 for males and Rs 1,00,000 for females.

Budget 2013 impact: Clarity on tax issues related to R&D centres in IT soon

Last Updated: Thursday, February 28, 2013, 18:36

The government will soon issue a circular to provide clarity on taxation matters with regard to research and development activities in the IT sector.

Budget 2013-14: Big push to infra with Rs 50k cr tax-free bonds, two new ports

Last Updated: Thursday, February 28, 2013, 18:33

Infrastructure got a major thrust in Budget 2013-14 with Finance Minister P Chidambaram Thursday announcing a slew of measures to boost sector's growth, like raising Rs 50,000 crore through tax-free bonds, setting up of major ports and a road regulator.

Tourism gets Rs 88 cr more than last budget

Last Updated: Thursday, February 28, 2013, 17:54

Tourism sector got a fillip in the Union Budget with the allocation to the tourism ministry hiked by Rs 87.66 crore.

Budget 2013: Token increase for CVC, Lokpal

Last Updated: Thursday, February 28, 2013, 17:51

The government Thursday provided a nominal increase of Rs 26 lakh in the Budget estimates of about Rs 20 crore for Central Vigilance Commission (CVC) to meet its establishment-related expenditure and made a token provision for proposed anti-graft watchdog, Lokpal.

Aircraft maintenance facilities to get concessions

Last Updated: Thursday, February 28, 2013, 17:46

Aircraft maintenance facilities within the country will get concessions, including exemption from basic customs duty on parts and testing equipments for maintenance, repair and overhaul of aircrafts and parts.

Budget 2013: Super rich tax, other proposals to swell exchequer by Rs 18K cr

Last Updated: Thursday, February 28, 2013, 17:44

New tax proposals including 10 percent surcharge on super rich and higher duties on mobiles, cigarettes and SUVs will help government garner Rs 18,000 crore in 2013-14.