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Budget Interpretations

 14:19  : GAAR-Presumes tax benefit unless proved contrary
 14:12  : MFs covered for deductions u/s 80CCG
 13:54  : Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
 13:48  : ED on readymade garments exempted: positive textile sector
 13:46  : Excise duty exempted on ships & vessels: positive for shipping
 13:45  : Excise duty on marble slabs increased: negative for real estate
 13:44  : No extension of 80IA deduction for hospitals and hotels
 13:37  : Effective tax rate for domestic companies 33.99% having income over Rs 10crore
 13:32  : Customs exemption on parts of electric cars extended till 2015
 13:26  : Countervailing duty on steam coal & bitumunous coal made uniform
 13:23  : Reduced Countervailing duty on dehulled oat grains: positive for FMCG
 13:12  : Indirect tax concessions for MRO industry
 13:09  : 15% tax on dividends from overseas companies extended by a year
 13:07  : 1% TDS on real estate transaction revived
 13:06  : Buyback by an unlisted entity more expensive for shareholder
 13:04  : Foreign technology to cost more with rise in TDS rates
 13:03  : 21% Effective MAT rate for domestic companies
 12:58  : No inheritance tax/ estate duties introduced
 12:54  : Rate of abatement on high cost reduced; negative for DLF
 12:52  : Agri testing excluded from service tax net
 12:50  : Increase in customs duty on set top boxes from 5% to 10%
 12:49  : Hike in duty on set top box negative for DTH players
 12:48  : Individual with income above Rs 1 crore to pay additional tax
 12:45  : Increased duties on high end vehicles: negate for carmakers
 12:44  : Excise Duty on SUV's raised; negative for Tata Motors, M&M
 12:43  : Excise Duty on cigarettes up 18%; negative ITC
 12:33  : Commodity Transaction Tax (CTT) levy on non agri contracts; negative MCX, FT
 12:30  : Securities Transaction Tax (STT) reduced; positive for IIFL, Motilal Oswal, Religare
 12:28  : Power sector - tax holiday extended to 31 March 2015
 12:23  : Higher allocation to defence positive for BEML, M&M
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