Moneycontrol
Feb 17, 2011 01:51 PM IST | Source: Moneycontrol.com

FM may offer customs duty, indirect tax cuts: Principal MF

While a common man still looks at the budget with lot of expectations, the Union Budget has increasingly resembled an accounting budget. This is because as the finance ministers have cut income tax slabs and rates over the years, there is lesser and lesser scope to do lower it further.

FM may offer customs duty, indirect tax cuts: Principal MF

By Sudipto Roy, Business Head, Principal Mutual Fund

While a common man still looks at the budget with lot of expectations, the Union Budget has increasingly resembled an accounting budget. This is because as the finance ministers have cut income tax slabs and rates over the years, there is lesser and lesser scope to do lower it further.

Besides this, all major policy decisions have been taken as on ongoing exercise outside the budget announcement. Yet, the Union Budget is still used as a statement of government

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