Vol. 5 No. 1: April 2010
In the budget 2010-11, the Government provided relief to individual taxpayers by enhancing the exemption limit for all taxpayers and withdrawing the surcharge on present income tax. To promote savings, a deduction of additional amount of Rs. 20,000 for investment in long term infrastructure bonds is declared but the rate of service tax has been raised to 12 per cent. In the above shade of the country, we managed to give matching topics in the current issue.