Discussion on Budget 2008-09!!

Page no : 4

CA Mohit Mohan (c.a. profession) (557 Points)
Replied 02 March 2008

dont get carried away may be we are fooled

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Pritika Bharti (student) (30 Points)
Replied 02 March 2008

What r the implications of allowing STT as dedn.? Will it be deductible from share income taxable as STCG?

Dayal (Gen. Manager - Indirect Taxation) (3434 Points)
Replied 03 March 2008

Th best part was introducing proportionate credit which was long awaited as reversing 10% was pinching the profits

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 03 March 2008

According to me it is a Political budget other without having any provision for waiver of Farmers loan they have directed to banks toi write off the dues which will materially impact the financial statements of the banks. Another aspect of this is that The defaulters will be eligible for a new loan even though they have not paid for old loan. Further i appreciate the move of hounerable finance Minister to increase the exemtion limit to give some relief to normal person. For corporates itys not quite impressive bcz they was expecting a rate cut in tax but it did not happen. further FBT more or less remains unaltered. About BCTT its gd move. But one thing which i feel is new that is preponment of return filing date by 1 month in case of individuals,its very good initiative bcz at the time of oct 31 DIPAWALi is very near so we can not enjoy our work and the festival so its gd enough. One quiry that will the increase in STCG to 15% fulfill the very purpose of introducing it means willl short term investor hold its securities for a long to avoid STCG? further Sec 80D, 80C, 35D etc are goodly amended. Ok gd by.....Happy Budget....08-09 Do gv me answer...

Deepak Chauhan (CA Final Student) (138 Points)
Replied 03 March 2008

it is good as the exemption limit increases & farmers loans are waived off

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CA. Kirti S. Ganatra (Service) (1461 Points)
Replied 03 March 2008

Good for individual

O.D.SHARMA (DGM-F & A) (1734 Points)
Replied 03 March 2008

finally good Budget .care have been taken for Individuals & Farmers.

Siva Kumar (Student) (963 Points)
Replied 03 March 2008

it is good for individual

CA Parth Trivedi (Service) (56 Points)
Replied 03 March 2008

I feel that budget will benefit a lot to individuals.Everyone will agree that it is Election oriented budget. In my view, instead of 5 lakh, upper limit should have been kept 3.5 or 4 lakhs. Or 80C limit could have been extended to 1.5 lakhs. The positive thing is that now people will start making full investment u/s 80C, D instead of going for partial /full tax as there will be free fund for spending.

(Guest)

extra deduction u/s80D will move people towards their responsibility to their parents..and exemption upto Rs.150000 will releif the the middleclass people from huge burden of tax..so its really a very good budget for our india in the present situation

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CA Chaitanya (PRACTISING CA) (4283 Points)
Replied 03 March 2008

Good one.

Sharad (Articled Assistant) (32 Points)
Replied 04 March 2008

In one sentence Budget is Voting Budget...IN past PC showen how to change economy through Budget & from this budget PC will show how to win election from budget....