We should focus on promoting inclusive growth and infrastructure development, through better management, utilization and chanelization of resources, which will undoubtedly create an enabling environment for steady economic growth in the medium to long term.1. Corporate Tax rate has remained constant for a long while and small reductions in Corporate Tax are welcome which will reduce the difference between MAT and Corporate Tax. 2. The common man will definitely benefit from an increase in the existing slab rate from Rs.160000 to Rs.200000 and maximum slab to Rs.12 lacs and above.
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We should focus on promoting inclusive growth and infrastructure development, through better management, utilization and chanelization of resources, which will undoubtedly create an enabling environment for steady economic growth in the medium to long term.
ReplyDelete1. Corporate Tax rate has remained constant for a long while and small reductions in Corporate Tax are welcome which will reduce the difference between MAT and Corporate Tax.
2. The common man will definitely benefit from an increase in the existing slab rate from Rs.160000 to Rs.200000 and maximum slab to Rs.12 lacs and above.
3. Also keeping in mind benefits on taxation that can be provided to Senior Citizens.
4. The proposal to set up a Financial Sector Legislative Reforms Commission along with measures for strengthening existing banks would create a financial sector equipped to cater to the requirements of a fast growing economy.
5. Dividend tax should be withdrawn to give impetus to the share market. Broaden the service tax base further to bring more categories into tax net.
6. Additional Tax deduction in Investments to be given to individuals which will generate fund.
7. Direct Tax Code to be introduced from April 2011 should be implemented as promised.
8. And to get a robust growth in core Industry, Infrastructure spread across Power, Coal, Ports, Aviation and Roads. Additional Tax concession for investment in these areas to be increased which will generate funds for development.
9. Excise duty on oil to be reduced to restrict inflation.