Sunday, February 28, 1999
Sinha slaps 10% surcharge on direct taxes
Setting aside soft options, finance minister Yashwant Sinha has imposed a surcharge of 10% on corporate and personal income tax and Re 1 per litre cess on diesel and increased prices of postal stationery.
Rs 4,800-crore special vehicle, tax breaks to salvage US-64
The government has initiated a two-pronged measure to shore up UTI's US-64. While providing income tax exemption for mutual funds, the government simultaneously announced the restructuring of US-64.
Three-slab excise has little impact on product price
The drastic rationalisation of the excise duty structure from 11 ad-valorem rates to three rates is unlikely to have a significant impact on prices of the products.
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