Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Quirky Budget Facts | CapitalMind

Quirky Budget Facts

20 Mar 2012Deepak Shenoy1 min read

Quick Facts

What is "Quirky Budget Facts" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 20 March 2012.
How long does this article take to read?: 1 min read
What topics does this article cover?: Budget

Waste Paper Has No Customs Duty. Apparently, our streets are not dirty enough, so we are providing a complete duty exemption for importing waste paper.

The Tax Cut for Keeping Bees. No, really. There is a tax deduction for investment in certain businesses - a cold storage chain (to keep farm food fresh longer), a cross-country oil pipeline, a hundred-bed-or-more hospital, slum redevelopment projects and so on. Among these honourable investments will now figure, after Budget 2012, an investment in the business of bee-keeping and the production of honey and beeswax.

No Service Tax for Cow Slaughter. Service Tax applies to everything except for 17 in a Negative List and 34 “exempt” services. In the list of exempt services is “Services by way of slaughtering of bovine animals”.

Just one of those days…