Budget 2009 India
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HP Ranina, Corporate Tax Lawyer,

Each individual will get a benefit of Rs 1,000 (on personal taxes) and I donít see that as a very substantial amount. But those who are earning more than Rs 10 lakh, yes the removal of the surcharge will make a substantial relief as far as they are concerned.

The removal of FBT means that companies will not be liable to pay the Fringe Benefit Tax. They have once again restored the capital gains provision so that when the employee sells, if it is short-term, he will have to pay the capital gains tax.

The other relief for the small businessmen, the presumptive taxation which was introduced upto Rs 40 lakh; only 8% of the turnover will be treated as a taxable profit. That is something which will help to widen the tax base.

Impact on Sectors

See how budgets has affected various sectors

Auto - 2 & 3 Wheelers  |  Auto - Cars & Jeeps  |  Auto - LCVs/HCVs  |  Auto Ancillaries  |  Banks - Private Sector  |  Banks - Public Sector  |  Cement - Major

What's Costlier/Cheaper

Packaged Software
Medical equipment

Tax Planning Help


and see how budget impacts you

Chat with the Experts

Prakash Gaba

Technical Analyst , prakashgaba.com
(23 Jun- 13:30hrs) 


27 Jun Jappreet Sethi
28 Jun Anil Rego
29 Jun Rupesh Bhansali

India over 10 years

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What the stars fortell

Col Ajay Jain
CEO , www.

All these combinations of Planets are most favorable...

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