Taxing Times

Tax changes proposed in Budget-2005 will go before Parliament early next year, says the Treasury. Tax changes proposed in Budget-2005 will go before Parliament early next year, says the Treasury. “We will get the changes to the indirect taxes approved by January 31, 2005 and income tax changes by March 31, 2005,” said Treasury secretary, P B Jayasundara on Monday.

Tax Highlights of Budget-2005

Capital markets – A
0.2% tax on each side of the transaction of stock market transactions.