Service tax levied on law firm
Custom duty on gold re-imposed
Customs duty to be reduced on drugs for heart treatment
No new tax on edible oil imports
4 per cent excise duty on cotton products restored
Customs duty on bio-diesel reduced
Life saving devices on heart contidion exempted from custom duty
Small business exempt from advance tax
To maintain overall customs and excise duty structure
Tax holiday to natural gas extended
Tax slab raised
MAT hiked to 15 per cent of book profit
Commodity transaction tax abolished
New pension scheme
Tax holiday for exporters extended untill 2012
Personal income tax exemption hiked by Rs 10,000
Abolish fringe benefit tax
Tax holiday extended for textile units
Goods and services tax from April 1, 2010
Share of direct taxes has increased to 56 per cent in 2008-09
Federal Tax/GDP ratio is 11.5 per cent
No surcharge of 10 per cent on personal income tax
Increase in exemption slab for senior citizen
No change in corporate taxes
Hike in IT exemption for women to Rs 1,90,000
Govt committed to tax reforms
Increase automation in direct tax collection
New tax code in 45 days
Centralised processing center at Bengalooru to streamline taxation
Income tax forms should be user friendly
Tax system should be such that it shold encourage voluntary compliance
Saral form 2 will be introduced
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