Discuss budget 2015

Good decision to abolish Wealth Tax.

Good decision to increase exempt travel allowance from 800 to 1600

Good decision to increase deduction for mediclaim premium

Service tax rate increase will cause price rise. Secondly, service tax laws has not yet been properly made. Too many grey areas.

I say they should make service tax laws and TDS laws more simpler. People are stll struggling with service tax return and TDS return.

Gold monetisation scheme appears to be a good idea for now.

Have to see the new revised benami transaction prohibition to stop black money.

Most disappointed with ST rate increase...I had heard some time back that ST will be increased but I do not remember where...People will not like it...Indirect Tax affects every person equally but it will hurt poor & low income group more....

Why is ST increased to 14%, does any one know, apart from mere objective of revenue generation?

And is cess removed on ST or it is still part of it?