Discuss Budget 2009 and its implication!!

Page no : 2

Balaji K S (AUDIT ASST) (92 Points)
Replied 06 July 2009

not that much attractive for Corporates

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dhiraj (CA FINAL) (56 Points)
Replied 06 July 2009

Considering the present scenario, the budget as met the expectations by focusing on Rural India , Infrastructure , consumer spending, it needs more efficient administration in spending its 10 lac crore expenditure.

dhiraj (CA FINAL) (56 Points)
Replied 06 July 2009

Both Railway and Finance Budget has been specially focussed on west bengal.

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 06 July 2009

There cant be any budget bad then this one. There is no much benefits for common people.

C.A Akash Gupta (C.A ICWA Final CS Professional) (242 Points)
Replied 06 July 2009

nice budget yeah not beyond expectations but for this year when there is fiscal deficite this bring happiness

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CA CS Akashdeep Singh (Practicing CA) (1394 Points)
Replied 06 July 2009

Less than expectation................

CA sumeet bhojak (Chartered Accountant) (99 Points)
Replied 06 July 2009

The slab for remuneration paid to partners has changed

In section 40 of the Income-tax Act, in clause (b), in sub-clause (v), for items (1) and (2), the

following shall be substituted with effect from the 1st day of April, 2010, namely :—

"(a) on the first Rs.3,00,000 of the Rs.1,50,000 or at the rate of 90 per cent. of

book-profit or in case of a loss the book-profit, whichever is more;

(b) on the balance of the book-profit at the rate of 60 per cent.".

Sanghavi (CA Practice ) (28 Points)
Replied 06 July 2009

The Budget has ignored real estate sector , Banking sector , no reduction in housing loan interest rates etc... Further no relief to corporates as MAT has been increased from 10 to 15%. Also for aam aadmi it`s a OK budget

visu iyer (mentor) (834 Points)
Replied 06 July 2009

Sorry..

This budget is only a formality..

does not satisfy any sector..

We can expect reshuffle in the cabinet..!!

Also

We need to have a discussion forum on the implication of the budget..

Like sens*x down.. over 500pts

shailesh agarwal (professional accountant) (7642 Points)
Replied 06 July 2009

The budget is doing nothing great about common man, prices of essential commodities obviously will increase while there will be a increase in petrolium products ,there is nothing happening controlling prices of essential goods. commom man has gone to dogs. I think finance minister should earn only Rs 7000 a month in reality and should be asked to support his family for the same amount , I am sure he would have done a better job, shame on him .

Is there a limit for increasing the prices for gold and silver. Richer will be more richer and the poorer will be poorest.

fm should have abolished service tax. income tax limit should have incrased to atleast to 2,00,000,overall a good budget

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Pankaj (service) (41 Points)
Replied 08 July 2009

In Budget,2009 following explanation is inserted in Cenvat Credit Rule, but no credit on cement, steel, angle etc. for construction of factory building, foundation of Plant and machinery and supporting structure of Capital Goods.

But before budget, 2009 we all was taking credit on supporting structure of Capital Goods.

In my opinion, we can avail Cenvat Credit on Supporting Structure of Capital Goods which were purchased before budget,2009.

Am i right