The details will be announced later.<\/li>\n<\/ul>\nThis is good move and hopefully would benefit retail investors and reduce investment in Gold to an extent.<\/em><\/p>\nStock Markets:<\/h3>\n\n- Pension funds will be allowed to invest in ETFs.\u00a0This would give a boost to stock markets and also give higher returns to pension funds.<\/em><\/li>\n
- STT (Securities Transaction Tax) rates cut on equity futures to 0.01% from 0.017%<\/li>\n<\/ul>\n
Duties and Indirect Taxes:<\/h3>\n\n- One time amnesty scheme for service tax defaulters due from 2007<\/strong><\/li>\n
- Higher customs duty on set top boxes from 5% to 10%<\/li>\n
- Excise duty on SUVs raised from 27% to 30%. Will not apply to SUVs registered as taxis<\/li>\n
- Customs duty unchanged for non agri products<\/li>\n
- Extend tax benefit to electrical vehicles<\/li>\n
- Increase in import duty on high end motor vehicles from 75% to 100%; and on motor cycles from 60% to 75%<\/li>\n
- Service tax to be levied on all air conditioned restaurants<\/li>\n
- Excise duty raised by18% for cigarettes<\/li>\n
- For phones priced at more than Rs 2,000, the duty is increased to 6%<\/li>\n
- To exempt vocational courses, testing services from Service Tax<\/li>\n
- Gold duty free limit raised to Rs 50,000 for men and to Rs 1 lakh for women travellers<\/li>\n<\/ul>\n
Others:<\/h3>\n\n- To launch two new industrial cities in Gujarat and Maharashtra<\/li>\n
- Indian Institute of Biotechnology will be set up at Ranchi<\/li>\n
- To expand private FM radio to 294 cities<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
Here are some quick pointers from common man’s perspective for Budget 2013-14. I have added my thoughts in italics. Income Tax: No revision in income tax tax rates. The tax slab remains the same as of last year. Click here to view the Tax slabs for FY 2013-14 (same as FY 2012-13). Education cess to […]<\/p>\n","protected":false},"author":1,"featured_media":4575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2046],"tags":[2836,2048,522,467,466,324,523,2052,2056,2054,2055,502,2838,1804,521,652,342,2051,109,2053],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013.png",324,323,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013-300x300.png",300,300,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013.png",324,323,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013.png",324,323,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013.png",324,323,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013.png",324,323,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2013\/03\/Union-Budget-2013-120x120.png",120,120,true]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Here are some quick pointers from common man’s perspective for Budget 2013-14. I have added my thoughts in italics. Income Tax: No revision in income tax tax rates. The tax slab remains the same as of last year. Click here to view the Tax slabs for FY 2013-14 (same as FY 2012-13). Education cess to…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/3907"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=3907"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/3907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/4575"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=3907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=3907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=3907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}