Vat rate on declared Good to go up 5 percent from 4 percent

---

Vat rate on declared Good to go up 5 percent from 4 percent Posted: 03 Mar 2011 06:15 PM PST It has been proposed in the Budget 2011-12 to increase the ceiling of 4% on declared goods under section 15 of CST Act to 5%. Currently State Governments cannot levy VAT more than 4% on declared goods. Declared goods are those goods which are of special importance and have been defined u/s 14 of CST Act 1956. This increase has been made in view of recent increase in the VAT slab rate of 4% to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) in case of Special Economic Zones Posted: 03 Mar 2011 06:03 PM PST Under the existing provisions of section 10AA of the Income-tax Act, a deduction of hundred per cent. is allowed in respect of profits and gains derived by a unit located in a Special Economic Zone (SEZ) from the export of articles or things or services for the first five consecutive assessment years; of fifty per cent. for further five assessment years; and thereafter, of fifty per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

You are subscribed to email updates from SIMPLE TAX INDIA-TDS RATE INCOME TAX RATE To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610