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Not good budget....

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BALASUBRAMANYA B N

CCI STUDENT....

21935 Points Posted on 28 February 2011

Not very good budget, its average one..dint get as expected..

Corporate surcharge got reduced to 5%

slab got increased 1.6 lak to 1.8 for men

Senior citizen now 60years and slab increased to 2.5 lak

Housing loan amout increased to 25lak

5 lak exemption to new category for seniro citizen 80 years above..

servicet tax and excise duty both unchanged..

10% excise on branded garments.

Air travel costlier

30,000 cr tax free infrastructer bonds..

Average inflation will be lower in 2012.

Replies (2)

CA Yatin Bansal

ACA B.com CS(Inter)

193 Points Posted on 28 February 2011

I dont think so Rather i would say that it was a good budget better than the last two years' budget. It is not imposing more tax burden on taxpayers and moreover it is more growth oriented budget if implemented properly. In my view this budget doesnot disappoint any one as the Tax reforms brought by the budget were expected due to forthcoming Direct Tax Code and the GST...