The education cess will be a 2 per cent surcharge on the total payable tax, and not 2 per cent of total income.
Aiyar has contended that this results in revenue loss, malpractices and even death of people consuming illicit liquor
Jaitley said the Congress may be upset with the government for 'political reasons'
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances