LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Racing towards Budget 08 !!!!!

Admin (CCI Team) (12870 Points)

08 February 2008

CAclubindia presents Budget '08 ... A completely new democratic perspective on BUDGET 2008....Have your SAY !!!!

Click here to take part in it..

Feedbacks and opinions are invited...

Regards
ADmin
Share your KNOWLEDGE

Reply
Follow
Share

29 Replies

CA. Dashrath Maheshwari (TaXpert) (15090 Points)
Replied 09 February 2008

Thanks for this type of initiatives. and Wishes to all for a good budget.

CA Chaitanya (PRACTISING CA) (4283 Points)
Replied 10 February 2008

Its a good idea to share our knowledge.

CA Nikita (Chartered Accountant) (4158 Points)
Replied 10 February 2008

ADmin, I really appreciate the way every new event around is noticed and being discussed in caclub... i'm proud of being a part...

Shaily Jain (Chartered Accountants) (1054 Points)
Replied 11 February 2008

it's woderful

CA SASHIKANT PATI (Job) (159 Points)
Replied 11 February 2008

Thanks Admin. You are taking initiative in all current Events. Carry on .

shyam (student) (544 Points)
Replied 12 February 2008

It s a wonderful idea. Carry on. We all r with u.

(Guest)

Hi its gr8 to have such kind of initative for discussion on budget. Please let every one discuss on some or the other point. Currently my point would be the high taxation for salaried people and less of deductions available. Atleast standard deduction should be back.

Ruchi Jain (CA) (84 Points)
Replied 12 February 2008

thx for the forum

(Guest)

All the deductios & expentions of income tax should be dirctly corrilated with price index so that if price index increases income will increases as well as deductions & exemptions increases accordingly.

Aditya M (Student) (166 Points)
Replied 13 February 2008

Best wishes to everyone.. Hope the budget makes everyone's job a little easier

Aditya M (Student) (166 Points)
Replied 13 February 2008

My concern is indirect taxes.. We're at a crucial juncture now.. While we aim to increase international compeditiveness in manufacturing, we cannot ignore the millions who are still not benifitted by this uneven growth.. I hope there is rationalization of the indirect tax structure and rates to facilitate growth of the whole country..

$wap$ (Assistant Auditor) (189 Points)
Replied 13 February 2008

the weaker sections of the soceity need more attention in this year's budget. staying in cities, does not even give the glimse of what is happening in the rural parts of india. people are still dying of hunger and thirst leave apart the other basic nessecities of shelter etc. more than 65% of the total population still resides in the rural areas. this budget should ultimately be formed for the benefit of these weaker sections of people. the government should reach upon certain conclusions with regard to the cancellation of loans for the farmers in vidharba district of maharashtra. yes this would entail for higher tax rates in both direct and indirect. but thinking on overall basis, the nation has to feel the pinch for some more years before we are set to be called as a developed nation.

CA SASHIKANT PATI (Job) (159 Points)
Replied 13 February 2008

I would suggest either the slab Rs.1,10,000 should increase or Deduction u/s 80c & 80ccc should be Rs.100000 each.

Vigneshwar (Article) (38 Points)
Replied 15 February 2008

deductions u/s. 10A, 10B should be extended for atleast another 5 yrs. FBT should be rationalised. The rate should be brought down to 20%. Obviously the BEL should be raised to 1.50 lacs or atleast 1.35 lacs. Std deduction on salary u/s. 16(i) may be reintroduced. Ch. VI A deductions also need to be enhanced.