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Month: July 2009

Comments on Budget 2009

Posted on July 17, 2009 by Vincent Augustine D'Souza

My comments on Budget 2009-10 are as below: Tax exemption limit should be same for all categories. It can be Rs.1,60,000/- or Rs.1,90,000/- or Rs.2,40,000/-. It was expected that it would be raised Rs.2,00,000/-. As it did not happen there was disappointment. Abolition of Fringe Benefit Tax is good. Minimum Alternate Tax should not have…

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