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Budget expectations

Abishek (Student) (1108 Points)

17 February 2011

Hello all

As we all know that the UNION Budget is around the corner ... Share your expectations for it .

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Tehsinkhan Pathan (CA CMA DISA(ICAI) B.COM) (3956 Points)
Replied 17 February 2011

I THINK BUDGET SHOULD COME WITH GENUINE TAX ADVANTAGES........................ AS I KNOW GOVT. HAS TENDENCY : " TO GIVE WITH ONE HAND AND TO GET RETURN BACK WITH THE OTHER HAND" AS ALL ARE DEMANDINDG INCREASE IN EXEMPTION LIMIT , 80 C DEDUCTION ETC. THIS WILL DECREASE DIRECT TAX INCOME OF GOVERNMENT..............BUT GOVT. WILL TAKE BACK SUCH BENEFITS IN THE FORM OF INCREMENT IN INDIRECT TAX ..............PRICES WILL INCREASE.........INFLATION WILL RISE........