MY EXPECTATION FROM BUDGET
1. Basic exemption limit should be increased
2. Exemption U/s 80C should be increased
3. Interest on Housing loan deduction should be increased as the Housing loan is very high now a days due to inflation
4. Education loan waiver should be considered to promot the higher education
5. Reservations for lower catagories should be at back seat and it should be STRICTLY monitored so that only deserving candidates gets benefits out of it.
6. Repatriate the black money into India i.e. Measures should be taken to bring back all the balck money in India as early as possible
7. GST should be implemented as early as possible to make it streamline
8. Applicability of Direct tax Code (DTC) should not be extended from the current date i.e. 1.4.2012
9. Conveyance expenses which has exemption limit of just800 PM which in todays scenario seems very unfeasible
10. Other measures should be taken to bring down or abolish the revenue and fiacal deficit altogether
11. Stringent controls should b brought into force to minimize corruption and Scams against officials responsible for misusing their power to avoid no more scams like 2G, CWG, S-band..
12. Last but not the least, Any other changes which are in public in generals interest.
JAI HIND JAI BHARAT
J A Helping Hand J
CA Prakash Somani (p_somani @ yahoo.co.in)
CAclubindia
