Budget 2016-17: Will there be a Cut in Corporate Tax?

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Shweta Purohit

Associate Editor

138 Points Joined April 2015

So, this is the Budget Month. Mr. Arun Jaitley is going to unveil the Budget for the fiscal year 2016-17. There is a buzz in the market regarding expectations. The industry is expecting a positive effect and a boom. The retail sector, infrastructure, real estate, foreign investments are hoping for growth and investments. The economy has caught speed and it is growing.

The crash in the stock market of China has not made a tremendous effect on India's economy. It is gaining pace and providing opportunities. However, the value of Rupee is gaining heights. 1 Dollar is expected to be equivalent to 73 rupees that is not a good thing.

The corporate world is expecting a cut in Corporate Tax by 1 per cent in this fiscal year 2016-17. What will be there in the budget for the corporate world? Stay updated with me. Check here.

Replies (4)

Sathish M

Management Accountant

40581 Points Joined June 2010

From every aam admi to corporate houses, the wish list is endless. We only hope the Honb'le Finance Minister would give us a pragmatic budget.

Shweta Purohit

Associate Editor

138 Points Joined April 2015

You are right Mr. Satish. The wishlist is endless. Aam Aadmi is expecting a lot. Unemployment is the main issue. PM Modi has launched many schemes like "Make in India", "Digital India", "Startup India Standup India" that can produce employment. Let's see what will be the picture of our expectations in Union Budget 2016-17.

Sathish M

Management Accountant

40581 Points Joined June 2010

Yes, Swetha ji I agree the Honb'le Prime Minister is a visionary leader, aspiring to the see the country progress to next level. As reports suggests, he was involved in the budget process, which may be entirely incorrect, rather he would have given his views on some of the points to be focussed. He is a master with eloquence to give them a pep talk, after all those guys involved in preparation of budget are the biggest brains of India involving many top bureaucrats like the finance, revenue, expenditure secretary etc.

We hope that budget is going to give us a progressive growth picture rather than populism.

Shweta Purohit

Associate Editor

138 Points Joined April 2015

@ Satish M ...... I agree. We should wait for the right time. We can't make decisions on the basis of just predictions. The Rail Budget is out today. I have also posted the highlights of Rail Budget. Please check the links and give your inputs.