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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 ...

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9 Replies

Abishek (Student) (1108 Points)
Replied 17 February 2011

I Expect deduction Under section 80C to be Increased

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Devendra (Chartered Accountant) (4775 Points)
Replied 17 February 2011

1) The Basic Exemption limits should be increased.

2) Also the limit for Tax Audit should be decreased.

Regards,

Devendra Kulkarni

BALASUBRAMANYA B N (CCI STUDENT....) (44679 Points)
Replied 17 February 2011

SLAB SHOULD BE INCREASE..

U/S 80 C SHOULD INCREASE..

IF YOU DONT MIND, DONT POST 2 TIMES SAME POST..USE FOR NEW POSTING.

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........

Satish (CA (Final), CS (Final)) (172 Points)
Replied 18 February 2011

I EXPECT TO INCREASE THE BAISC EXEMPTION LIMIT TO 3 LACKS IT WILL BE HELPFULL TO THE MEDIUM CLASS PEOPLE.

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Pankaj Arora (Learner) (3134 Points)
Replied 18 February 2011

I don’t come under any tax slab so I want to decrease tax slab rates so I could pay tax. But I know It will not happen in budget.

ka@meeni (a learner) (272 Points)
Replied 18 February 2011

well my expectation iz differ from yours because i want govt will withdraw some rule and regulation in the tax act so our course burden is less...........................lolz

Vishal Patel (CA CPA (License Awaited)) (332 Points)
Replied 18 February 2011

budget is not just about taxation,yes taxation is the integral part of budget as it determine govt revenue and help the govt to reuce deicit but govt spending(expenditure) is also the important part of budget,and my expectation is to increase spending on education,infrastructure....reduce the deficit in budget to atleast 5.5% of gdp...

Chirag Chordia (AIR CA,CS & B.Com) (391 Points)
Replied 19 February 2011

IN MY OPinion, The Surcharge Should again be levied......by removing this last year.the FM has made big difference between poor people na d rich people.....coz its only payable by rich people and companies...and they shud contribute more towards nation development......n coz of this., tax collection has been fallen very much, otherwise it would have much more tha what it is now............ all other things dont make much diff. bt amendment like.................r really!!!!!!!!!!!!!!!!!!!!!!!!!!!