Budget – India 2010 – Are they serious?
Indian people have always been played by politicians and the budget 2010 proofs it well.
Our Finance Minister (PRANAB MUKHERJEE) Have been News for while for his decisions over the Cuts and Rises over the Indian budget
Very proudly the price of the fuel have been hike “does he even know what is the situation of people in india became after the hikes in petrol and diesel prices ”
These are the politicians we choose d to run our nation, but for real in most recent times i have seen our politicians and congressman have been falling big time. Prices of rice , pulses , vegetables have rises almost 50% in just last 2 years , people in india are suffering from these hikes and cant even afford to eat good food even 3 times day.
Why are our politician attacking us? Do they even realize what do people of india need?
India is one country full of resources and why do we still suffer from these price hikes,
I challenge and i request the same to people of india. this is the time for us to speak up ask the government what we need, rather than listening to the demands of the government.
Taxes and more taxes, why are working for? to pay the taxes if our need taxes then why are they hiking prices?
New Tax Policies by Pranab mukherjee
- More services to be brought under service tax net
- Service tax to result in net revenue gain of Rs 3000cr
- Customs duty on gold to be reduced; silver at Rs 1500/kg
- Uniform concessional duty of 5% on all medical appliances
- Rationalising of customs on gaming software
- Custom duty of one of the key component of microwave oven reduced
- Peak customs duty unchanged at 10%
- Custom duty for importing of duplication of prints of films revised
- No capital gains tax on conversion of a business entity into Limited Liability Partnership
- Businesses up to Rs 60 lakh and professionals up to Rs 15 lakh to be exempted from auditing obligations
- Nominal duty of 4% electric cars
- Partial rollback of excise duty on cement, cement products, large cars
- To levy excise duty of Re 1/litre on petrol
- R&D Corp Tax break up to 200%
- Uniform Direct Tax receipts to fall by Rs 56,000 cr
- Pilot project for tax grievances extended to 4 cities
- Direct tax scheme to result in revenue loss of Rs 26,000cr
- Corporate tax surcharge down from 10 to 7.5%
- Rs 20,000 additional tax break for infra bonds
- Corp Min Alternate Tax up from 15 to 18%
- New tax rates would offer relief to 60 per cent of tax-payers
- Direct tax slabs: income upto 1.6 lakh = nil, 1.6-5 lakh = 10%, 5-8 lakh = 20%,
- above 8 lakh = 30%
- Centralized Tax Centre at Bengaluru fully functional
- Gross tax receipts Rs 7.46 lakh crore
- Deferment of goods & service tax negative for corporates in FY10-11
- Direct tax to be implemented from April 1, 2011
- Simple tax system with minimum exemptions near completion
Tags: budget 2010, budget india 2010, budget results 2010 india, FUEL HIKE, FUEL PRICE HIKE, indian budget 2010, pranab mukhejee budget
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well said man