Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ultimate-addons-for-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114
Highlights of Tax Proposals in Maharashtra State Budget 2015-2016 - All About Finance

Highlights of Tax Proposals in Maharashtra State Budget 2015-2016

by

  •          Local Body Tax to be abolished from 1st August
    2015. Compensation of Revenue by enhancing VAT tax rate.
  •          Women drawing salary upto to Rs.10000 per month
    exempted from Profession Tax .
  •          Tax rate on ladies Hand Bags and Purses reduced
    from 12.5 per cent to 5 per cent.
  •          Work Book, Graph Book, Drawing Book and
    Laboratory Book for student’s tax free.
  •          Tax rate on LED Bulb reduced from 12.5 per cent
    to 5 per cent.
  •          Tax rate on Guide wire used in medical treatment
    reduced from 12.5 per cent to 5 per cent.
  •          Some medicines for treatment of Cancer tax free.
  •          Reduction of late fee for VAT Return from Rs.
    2000 to Rs.1000.
  •          Tax concession on essential commodities
    continued for one more year.
  •          No VAT on Service Tax.
  •          Rate of Excise Duty on Country liquor to be at
    200 per cent of manufacturing cost or Rs. 120 per proof liter, whichever is higher.
  •          Mobilisation of Revenue by enhanced premimum on
    additional FSI.
  •          Entry Tax on import of Long Steel in State.
  •          Tax rate on Plain & Pre-laminated Particle
    Board enhanced from 5 per cent to 12.5 per cent.

Related posts:

  1. Highlights of the Maharashtra State Interim Budget 2014
  2. Maharashtra Government started single window online services for Investors for 31 different types of services
Taxclick Team
This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

Leave a Comment