Highlights of Maharashtra Budget for 2011-12

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Mumbai: The highlights of Maharashtra’s budget for 2011-12 presented by Deputy Chief Minister and Finance Minister Ajit Pawar on March 23:

Taxes and duties:

* Liquor to cost more, as per different slabs.

* Tax on soft drinks enhanced from 12.5 percent to 20 percent.

* Goggles to cost more, to be taxed at 12.5 percent.

* Uniform stamp duty rate of 0.005 percent on all share market transactions.

* Duty on tenancy right transfer to be at market prices.

Sops:

* Tax on vada pav reduced to 5 percent from 20 percent.

* Dhoop and agarbati to be totally exempted from tax.

* Tax rate on dry fruits to be 5 percent.

* Tax exemption to rice, wheat and pulses to continue.

* Domestic cooking gas will continue to be tax free.

* Amnesty scheme for rehabilitation of sick sugar factories.

* Tax exemption to bio-gas units.

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