Update: Service Tax to be increased to 14%

#Budget2015 #Budgetjewellery

• FM Arun Jaitley‬ proposes to develop sovereign gold bond.

• Gold Monetisation Scheme to benefit gold finance companies.

• Gold monetisation scheme to be introduced.

• Introduce India made gold coins to replace foreign coins

• FM proposes to work on developing Indian gold coin which carries Ashok Chakra, which will help recycle gold available in the country.

• Merger of Forward Markets Commission (FMC) with Securities and Exchange Board of India (SEBI) announded by Finance Minister Arun Jaitley.

• Service Tax to be increased to 14 per cent

• Propose to exempt special additional duty on all items

• Furnish PAN for any sale or purchase above Rs 1 lakh.

• FM proposes to replace wealth tax with additional 2 per cent surcharge on super rich ( those earning above Rs. 1 crore in a year)

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