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Finance Bill 2010 Amendments

Finance Minister of India Pranab Mukherjee had presented the Finance Bill 2010 and it was passed by House. Some small amendments had been done in Union budget 2010-2011 which I am discussing with you. You can download PDF files of detailed Finance Bill 2010 from here.


1st Service Tax Amendments

a) on construction industry, airlines and new hospital services.

b) low-cost housing schemes for the urban poor under the Jawaharlal Nehru National Urban Renewal Mission and Rajiv Awas Yojna would attract zero service tax.

2nd Debt Relief Package Amendments

Rs. 362.82 Crore Debt relief for coffee growers.

3rd Excise, Customs and Export Duty Amendments

a) Now more export duty on petroleum products.

b) the minister reduced basic customs duty on stainless steel melting scrap by half, from 5 per cent to 2.5 per cent.

c) Basic customs duty on 11 specified drugs, including two anti-cancer and one for the treatment of AIDS, has also been reduced to 5 per cent.

d) Export duty has been increased on raw cotton export from Rs. 2500 to Rs. 10,000.

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  1. ur artical is based on current financial knowldge .it is useful me to enhance my finance knowldge as a student of management . language is simple and brife explain is most feature .thanks a lot.

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Accounting Education: Finance Bill 2010 Amendments
Finance Bill 2010 Amendments
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Accounting Education
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