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TMI BlogBudget 2012-13X X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2012-13 X X X X Extracts X X X X X X X X Extracts X X X X ..... lakh - 30 percent. Interest income from banks tax-free upto Rs 10,000. No change in corporate taxes. - School education exempt from service tax. - Securities transaction tax (STT) - the stock exchan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge toll fee for buying and selling share - is cut by 20 percent. Just crumbs for traders. STT is now 0.1 percent for delivery trades. - Service tax to have negative list - only 17 services exempt. Yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ur five-star barber may apply service tax. - Bollywood exempted from service tax in some copyright. - Overall service taxes raised to 12 percent. This will surely push up inflation since services ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... count for 59 percent of the GDP. General excise also up to 12 percent. Big cars to cost more - excise up from 22 to 24 percent. - Branded silver jewellery fully exempt from excise duty. - imposition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of custom duty on jems and color stones @ 2%. - Basic customs up on gold doubled. Also on platinum. Sin taxes also up on big bang some cigarettes and bidis. Small customes cuts on cigarettes, too. X X X X Extracts X X X X X X X X Extracts X X X X ..... r> Scholarly articles for knowledge sharing by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
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