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Union Budget 2013


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Budget 2013: Chidambaram nets big fish
Budgets presented in the run-up to elections, whether in the pre or post-reforms era, have tended to showcase how much the government is doing for the common man.

Union Budget 2013: Shockwaves on the Rich-ter scale, crorepatis clubbed with 10% surcharge blow
P Chidambaram decided to take a leaf out of the Warren Buffett rule book by whacking the wealthy with a rich tax, though he said it was only for the period of a year.

Union Budget 2013: Chidambaram has it covered for insurers
Insurance CEOs are excited about the proposals announced by the finance minister that make it easier to distribute policies.

Budget imposes 1 per cent TDS on property sales

PTI | | Tightening screws on black money in the realty market, the government has proposed one per cent TDS (tax deduction at source) on transfer of immovable property if the sale value exceeds Rs 50 lakh in urban centres and Rs 20 lakh in other areas.

Tax outgo on short-term gains to rise

TNN | | The Union Budget 2012-13 which has introduced minimum alternate tax to individuals will increase tax outgo for non-taxpayers recording short-term capital gains.

Budget has taken reality of India's situation: Swraj Paul

PTI | | Leading NRI industrialist Lord Swraj Paul has said that the Union Budget for 2012-13 has taken the reality of India's situation.

Not-so-cool summer for fizzy drinks

TNN | | The hike in excise duty could not have come at a worse time for the Rs 11,000-crore soft-drinks industry . Right at the onset of the summer season, prices of carbonated drinks are likely to go up making it a not-so-cool summer for consumers as well as companies.

Pranab sticks it to smokers

TNN | | Cigarette smoking will now be even more injurious to your wallet. The finance minister — who used to strike a debonair pose with his pipes but has kicked the habit — on Friday announced structural changes in excise duties on tobacco products and an increase in rates, making the “unhealthy habit” also an expensive indulgence.

Union Budget 2012: Desi daru dull, foreign brew on a high

TNN | | Tax hikes have taken the punch out of the liquor industry. Excise duty hike on packaging and service tax increase on bottling charges will impact the profit margins of makers of local alcoholic beverages, forcing some to explore price increases.

Times guide to personal tax

TNN | | The basic threshold limit for income-tax has been revised upwards marginally for individual taxpayers (except senior citizens) from Rs 1,80,000 to Rs 2,00,000.

Budget 2012: Gains and pains

TNN | | Here is a look at what taxpayers, consumers, investors and businesmen are likely to gain and lose from this budget.

Times guide to corporate tax

| Now, partnership firms, sole proprietorships, association of persons claiming tax holiday shall have to pay minimum tax @ 20.01% if the adjusted total income exceeds Rs 20 lakh.

Times guide to personal tax

TNN | | The basic threshold limit for income-tax has been revised upwards marginally for individual taxpayers (except senior citizens) from Rs 1,80,000 to Rs 2,00,000
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