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    HomeNewsBusinessMutual FundsFM may offer customs duty, indirect tax cuts: Principal MF

    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.

    February 17, 2011 / 13:51 IST

    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
    first published: Feb 15, 2011 01:00 pm

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