Re: union budget proposals

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2013 Hello:

Is it true that the Union Budget proposals for the FY 13-14 are not yet finalized, and that these will be done only by the end of May 2013?

My query specifically pertains to the following areas...

1. Transport allowance (which is presently Rs 800/month)

2. Child education allowance (Rs 100/month per child...max of 2 children)

3. Medical reimbursement....Rs 1250 per month=Rs 15000 (upto Rs 15000)

Is it true that the proposals with respect to these are not yet in place?

feedback on this would be highly appreciated ASAP

thank you very much

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

24 April 2013 No changes proposed in the matters you asked in the budget .existing provision only apply

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Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2013 Some CAs are saying that the proposals will be finalized only by the end of May 2013....so confused

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

24 April 2013 Budget proposal for FY-13-14 till approved and will be enacted as Finance act. But the related to queries asked by you there is no changes made in budget proposal hence same provision will be continues this financial year also. so no need to wait and check with finance act for exiting unchanged provision

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

19 May 2013 The budget once presented requires assent of the President and it has been done so the expert is correct that there is no change on your querry

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