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Topic : India Budget 2010
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Budget 2010 India: Will taxes go up or down?

Created by : Jyoti Rath, Sr. Associate, Barclays  | 02 23 2010 07:37:25 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : india budget 2010 2010 budget highlights india budget 2010 budget highlights budget news indian finance minister 2010 indian budget rail budget railway budget taxation
Activity:  468 views;  last activity : 07 06 2010 20:18:09 +0000

From the frying pan into the fire, between a rock and a hard place, on the horns of a dilemma – no matter how you describe it – Finance Minister Pranab Mukherjee faces a tough choice – stability or growth, subsidies or reform, expenditure or fiscal consolidation. The answers to those entire lie in the one big question – will taxes go up or down this Budget? What do you think friends?

  
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In the last fiscal, we have seen inflation in many sectors like foods because of which our country had to face a lot of economical crisis. I think, to fulfill the economic losses caused by those inflations, government will increase the price of general goods which will increase the coomon taxes on products and services or GST(Goods and service tax)
By Jyoti Rath, Sr. Associate, Barclays  02 23 2010 07:37:25 +0000
 
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Indirect taxes like Central Exice, Service tax, Customs duty etc will increase. There may be nominal benifits out of Direct Taxes like Income Tax, Wealth tax etc. Overall there will be increase in tax burden to the citizen.
By RAMANATHA PRABHU N, Chartered Accountant  | 02 25 2010 12:08:03 +0000
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Yes it will go up... no relaxation
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 02 23 2010 09:21:17 +0000
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Need not be according to the idea in my posting in this space.  Not only  reduction of Duties and Taxes, many other  monitory constraints could be overcome if governemnt could look into alternate mathods.

Like I mentioned earlier in a posting, Governement cannot beg, but it can borrow by way of long terms bonds, and steal by taking over un-productive gold possions in lieu of long term cash bonds linked with price of gold. Government could print money to the extent of gold deposits and imcrease liquidity.

Government can have a certain amount of stake in every private company in the country and divert the earning to national fund for growth and development.     

"Central Budget - An open letter to Hon. Finanace Minister"

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Please refer to your friends for feedback.
By Abraham Paul, Senior Telecom Consultant, FCOMNET- Future Groups  | 02 23 2010 11:05:20 +0000
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