| Topic : India Budget 2010 |
|
|
Tech World
|
Activity:
67 views;
last activity : 07 06 2010 20:18:09 +0000
|
|
|
|
1
Removal of dual levy in indirect taxes.
2
Encourage Productization efforts from India
|
|||||||||||||
|
|
On the indirect taxes front, removal of dual levy of service tax and VAT/ CST on provision of right to use software is an important demand of the sector. The BPO sector is also concerned on the ambiguity in the manner in which export rules have been worded. In terms of these rules, BPO services qualify as exports (and hence not liable to service tax) if they are inter alia ‘used’ outside India. |
4
|
Well according to me ,the main issues that will be given top priority in this budget would be:
Taxes:
The common men and the corporates are looking for decrease in taxes. The Finance Minister is likely to augment exemption limit of individual taxes to Rs 3 lakh from Rs1.60 lakh for salaried people. Exemption limit for women is expected to be increased from 1.80 lakh to 4 lakh and for senior citizen from Rs 2 lakh to 5 lakh.
However, taxes levied on the perks availed by income earners are expected to be restructured on higher level. This arrangement may satisfy junior employees and senior citizens. But, it may not go well with the people belonging to higher position.
Stimulus:
As high prices of diesel and petrol would bear adverse effect on the transport rates of food products, the stimulus packages are expected to continue in the oil industry. However, partial withdrawal of the stimulus aid can be expected in this sector to tackle the situation of increasing fiscal deficit
|
The upcoming budget can add tax benefits for productized hardware/ software offerings. This will encourage more original activity from India and encourage companies like Notion Ink to roll out game-changers like Adam. Budget can further encourage value addition in our IT industry by exempting imports of components and technologies going into appliances made in India. Even Contract/Outsourced manufacture of Original Designs from India, if the actual assembly/integration happens abroad, should be made exempt from taxes. |
0
|
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
|
|
PM Manmohan singh yesterday went on and said "you can't please all people. And the finance... |
|
|
1289 referals
40 arguments,
642 views
|
|
|
No, They aren't vs Yes, They are |
|
|
179 referals
19 arguments,
618 views
|
|
|
Fiscal deficit * Fiscal deficit seen at 5.9 percent of GDP in 2011-12 * Fiscal deficit seen at... |
|
|
2998 referals
33 comments,
1123 views
|
|
|
|
|
|
|
A few days back I read a post by Manish Kumar which said we should build what we think should exist. This made me think that we all have a little imagination and we all think of few things which are imaginary though we want them to be real. What... |
What do you think about professional networking sites and apps? |
Scientists are trying to find God particle. The LHC, a 17-mile (27-kilometer) long underground circular tunnel near Geneva, was built in large part to hunt out the Higgs boson particle, i.e, God particle. The theory of physics that explains the... |