Key highlights of the Interim Budget 2014-15

Direct Tax.

01.  No Change in Tax rate.

02.  Tax Holiday to power sector come to an end.

03.  No Concession of 15% rate on dividend received from foreign companies.

04.  New approach on tax benefits for funding scientific research.

05.  DTC to be put for public discussion.

Service Tax

01.   No Change in rate of 12%.

02.   Paddy & Rice now have same meaning.

03.   Stem cell preservation now comes under health services.