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Highlights of Maharashtra budget for 2011-12

Wednesday March 23, 2011 10:31:33 PM, IANS

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Mumbai: Highlights of Maharashtra's budget for 2011-12 presented by Deputy Chief Minister and Finance Minister Ajit Pawar Wednesday:

Taxes and duties:
* Liquor to cost more, as per different slabs.

* Tax on soft drinks enhanced from 12.5 percent to 20 percent.

* Goggles to cost more, to be taxed at 12.5 percent.

* Uniform stamp duty rate of 0.005 percent on all share market transactions.

* Duty on tenancy right transfer to be at market prices.

* Tax on vada-pav reduced to 5 percent from 20 percent.

* Dhoop and agarbati to be totally exempted from tax.

* Tax rate on dry fruits to be 5 percent.

* Tax exemption to rice, wheat and pulses to continue.

* Domestic cooking gas will continue to be tax free.

* Amnesty scheme for rehabilitation of sick sugar factories.

* Tax exemption to bio-gas units.






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Picture of the Day

President of India Mrs. Pratibha Devisingh Patil addressing at the inauguration of the National Festival of Tribal Dances, ‘PRAKRITI’, in New Delhi on March 16, 2011. Union Minister for Housing and Urban Poverty Alleviation and Culture, Kum. Selja, Union Minister for Tribal Affairs Kantilal Bhuria and Minister of State for Tribal Affairs Mahadev S. Khandela are also seen.

(Photo: Mukesh Kumar)



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