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Follow on Google News | Union Budget Brings Smile On The Face Of Service ProvidersThe Budget 2009-10 is out with some good news and some bad news for different sectors but has provided a sure shot benefit to people as tax rate will remain unchanged.
By: paisawaisa However, Mukherjee came up with expansion of service tax (http://www.paisawaisa.com/ The oil and gas companies, and the companies relating to the shipping sector are however, not benefited by Budget 2009-10 as Mr Mukherjee has not provided any relief in the exclusive economic zone and continental shelf of India. However, IT sector is very much relieved with the budget. The new services will generate the revenues of Rs.1,200 crore for the government, while it is going to suffer a loss of Rs.15,000 crore in the fiscal because of the reduced 2% service tax. The service tax is also exempted from forex transactions between scheduled commercial banks and export promotion councils and sub brokers of stock brokers. For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.paisawaisa.com By Post : PaisaWaisa.com H – 23 Sector 63, Noida Uttar Pradesh – 201301 Email us at : info@paisawaisa.com Call us on : 0120- 6489821 End
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