- A new revised income tax return form 'Sugam' to be introduced for small tax-papers
- Exemption Limit for Individuals raised from Rs.160,000 to Rs.180,000 for individual tax payers
- For senior citizens, the qualifying age reduced from earlier 65 years to 60 years
- For senior citizens, the Basic Exemption Limit raised to Rs.250,000
- New Category of tax-payers “Very Senior Citizens” created consisting of Citizens having age of 80 years and above
- Basic Exemption Limit for Very Senior Citizens at Rs.500,000
- Surcharge on Domestic Companies reduced to 5% from 7.5%
- Minimum Alternate Tax raised to 18.5% from 18%
Monday, February 28, 2011
Union Budget 2011-12 Highlights: Direct Taxation
IndianIPOBlog
February 28, 2011
0
Union Budget 2011 Highlights: Indirect Taxation
IndianIPOBlog
February 28, 2011
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- Service tax widened to cover hotel accommodation above Rs.1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests
- Service tax on air travel increased by Rs.50 for domestic travel and Rs.250 for international travel in economy class. On other higher classes, Service tax to be at 10%
- Standard rate of excise duty held at 10 percent;
- No change in CENVAT rates
- Service tax rate unchanged at 10%
- Iron ore export duty raised to 20 percent
- Nominal 1% Central Excise Duty on 130 items entering the tax net
- Basic food and fuel and precious stones, gold and silver jewellery to be exempted
- Peak rate of customs duty maintained at 10%
- Basic customs duty on agricultural machinery reduced to 4.5% from 5%
Saturday, February 26, 2011
Fineotex Chemical Limited IPO - Final Subscription Status
IndianIPOBlog
February 26, 2011
0
QIB: 0.00 times
Non-Institutional Investors: 0.22 times
Retail: 4.38 times
Overall: 1.57 times
Non-Institutional Investors: 0.22 times
Retail: 4.38 times
Overall: 1.57 times
Sudar Garments IPO - Final Subscription Status
IndianIPOBlog
February 26, 2011
0
QIB: 0.17 times
Non-Institutional Investors: 4.47 times
Retail: 2.27 times
Overall: 1.55 times
Non-Institutional Investors: 4.47 times
Retail: 2.27 times
Overall: 1.55 times
Acropetal Technologies IPO - Final Subscription Status
IndianIPOBlog
February 26, 2011
0
QIB: 1.12 times
Non-Institutional Investors: 2.00 times
Retail: 1.21 times
Overall: 1.28 times
Non-Institutional Investors: 2.00 times
Retail: 1.21 times
Overall: 1.28 times
Thursday, February 24, 2011
Fineotex Chemical Limited IPO - Bidding Status on Day 1
IndianIPOBlog
February 24, 2011
0
QIB: 0.00 times
Non-Institutional Investors: 0.08 times
Retail: 1.47 times
Overall: 0.53 times
Non-Institutional Investors: 0.08 times
Retail: 1.47 times
Overall: 0.53 times
Acropetal Technologies IPO - Bidding Status till Day 3
IndianIPOBlog
February 24, 2011
0
QIB: 0.84 times
Non-Institutional Investors: 0.09 times
Retail: 0.41 times
Overall: 0.58 times
Non-Institutional Investors: 0.09 times
Retail: 0.41 times
Overall: 0.58 times