March 17, 2012
New Delhi: Springing pleasant surprises, Finance Minister Pranab Mukherjee on Friday provided reliefs for tax payers. Higher tax exemption limit for individuals, significant benefits for senior citizens, and retention of corporate tax to its existent level were some of the major tax-related highlights of Union Budget 2012-13.
However, a 2% jump in service tax from the current 10% came as a dampener.
Revisions in Direct Tax:
Income Tax
1) Individuals:
March 17, 2012
Despite 2012-13 being the first year of the 12th Five Year Plan, there seems to be hardly any focus on prioritising public provisioning for education by the Union Government. There has been an absence of critical scrutiny with regard to the implementation of the RTE Act as is clear from the scant increases made in the programme operationalizing the Act, i.e. Sarva Shiksha Abhiyan. The budget largely disappoints with its policy prescription.
March 17, 2012
In the never-ending debate on who among Sir Donald Bradman and Sachin Tendulkar is the greatest batsman of all time, former England captain Naseer Hussain on Friday said his vote goes to the iconic Indian.
March 17, 2012
Gujarat Chief Minister Narendra Modi figures on the cover of the forthcoming issue of Time magazine which praises him in an article for development of the state he has been ruling for over a decade but wonders if he can become the Prime Minister.
March 16, 2012
Reactions to Sachin Tendulkar's achieving the record of a 100 international hundreds
March 16, 2012
Former Rutgers student Dharun Ravi has been convicted of a hate crime and invasion of privacy in a case involving his use of a webcam to spy on his college roommate kissing another man; his roommate, Tyler Clementi, later committed suicide.
March 16, 2012
NEW DELHI: Ace cricketers Virender Sehwag and Harbhajan Singh Friday rubbished reports appearing in London's The Sunday Times claiming that the World Cup semi-final between India and Pakistan was fixed.
March 16, 2012
Computer giant Microsoft has reportedly created a software dubbed the "Universal Translator" that can convert English language spoken to it into 26 different languages. Frank Soong and Rick Rashid -- from the Microsoft headquarters in Redmond, Washington --created the software which can also speak in the user's own voice, the Daily Mail reported.
March 16, 2012
Scorecard: Pakistan 189 for 3 (Misbah 72*, Akmal 77) beat Sri Lanka 188 (Sangakkara 71, Tharanga 57, Cheema 4-43) by six wickets
March, 2012
Foreign students from India and China are remaining in the U.S. after getting their doctorates here in large numbers and at much higher rates that Ph.D. graduates from other countries, according to a new study.
