Indian Union Budget 2010-2011 – Getting released on 26th Feb – Download Live webcast & Budget documents
By Chandramouly Rathinasababathy on 12 January, 2010, 12:39 am
One of the most expected budgets 2010-2011 is expected to release on Feb 26th because the usual budget release date Feb 28th falls on Sunday and also for Prophet Mohammad’s birthday on 27th.
Finance Minister Pranab Muhkerjee will be presenting his second budget next month and it will be very critical for India to survive in the global economic crisis. In other hand, the budget will also be targeting on the GDP growth maintenance. The Interim Budget 2009-2010 was released last july and it was not acclaimed well by Indian citizens.
1. Will this coming budget will quench the thirst of high taxpayers?
2. Any special credit will be given to small business owners?
3. Will the automobile prices decrease or any tax benefits?
post your views on the comments section…. Stay tuned to get all the updates on Budget 2010, Feb 26th on http://indiabudget.nic.in/ . They will be releasing the Live Webcast of Pranab Mukherjee speech and the entire list of budget details in the website. You can also access all the older budgets here.
Update: my co-authors’s wishlist on this budget and the good and bad of railway budget 2010 – 2011
Update 28-Jan-2010: Budget Live link : http://budgetlive.nic.in/ Railway budget 2010-2011 will be presented on Feb 24th.
Update 2-Feb-2010: You can see all latest budget updates, user discussions, expert budget reviews at moneycontrol.com site More information: http://budget.moneycontrol.com/
Update 3-Feb-2010: Union Budget 2010-11 is expected to boost the garment and textiles industry. It is hoped that both the natural fibers and the man-made fibers industry will be profitable by the proposals included in the budget. Common man can now hope for a considerable reduction in the prices of garments.
Update 16-Feb-2010: CNN-IBNLive Axe The Tax – You can rank your expectations, what do you think about budget taxes will be, what you like and dislike most. You can enter your views here.
Update 16-Feb 2010: Budget 2010: Wishlist from one among the salaried class for Income tax benefits
Update 23-Feb 2010: Budget with ET, talk to FM. Ask your questions to FM by posting comments in economictimes.com
budget required
let me go through that
i didn’t go throw that .let me ….study…..
For medium class farmers, which they indiviually not sufficient to work in their farm & has to take support of farm labours but due to hiked wages by giving govt guarentee plan scheme to them unable to bear that cost & ultimate farmer suffered. 70% of GDP based on Agricultures. what govt will decide to save them. or left them to hang.
they also suffered from rain shortfall etc.
TELL ME?
[...] latest updates on Union Budget is available at Indian Union Budget 2010 – 2011 , my co-authors’s wishlist on this budget and the good and bad of railway budget 2010 – [...]
More exceptions in Income Tax and Income Tax slab should be increased.
Let us hope that the 80C exemption limit may be raised to Rs.3 lakhs.
When students stuck with free term papers composing, hence I will recommend to buy an essay at some good essays online service in such case.
[via IBN conversations]
1) Income tax of 30% is wrong. IT should be a flat 5%. stop all deductions
2) Cesses of all types.
3) Proposed Income tax on companies importing materials from outside India. (silly stuff)
4) All forms of octroi, road permits etc
5) Remove excise, vat etc and a uniform GST to be introduced across the country.
6) Remove unfair advantages to places called backward.
7) Corporate tax not to exceed 15% flat. No deductions. Companies showing loss for 3 years should be taxed 50%.
[via IBN conversations]
The common man and the people of India on the whole, have had a very difficult year and still has been going thru a bad phase due to recession, salary cut, and above STEEP RICE IN PRICES of all items. hence if at all you want to do something good to the people I wud like you to consider the following:
>> Increase the IT slab to a reasonable level for all
>> RESTORE STD.DEDUCTION (when businessmen & professional can set off certain amount of expenses….the salaried too should have this STD.Deduction which was there already for several years and unceremoniously removed.
>> Exemption for transport is at a pathetically low figure. What is 800/rs.PM. today ? Should not this be increased to a decent level of 2-3ooo p.m.?Especially when your Govt.keeps increasing the petrol prices?
>>MEDICAL Expenses exemption limit must also be jacked up considering that today medical cost have gone up beyond the reach of the common man.
>> Similarly some exemption/provision for education expenses-as education cost have risen enormously.
>> SEC 80C exemption limit must be increased. What, again is Rs.1.Lac? This only discourages people from investing more tax saving schemes as any amount paid beyond 1 L is of no benefit. Besides, if you just invest marginally and pay premium of a few policies….the 1 Lac limit gets exhausted.
Have a heart dear Pranabda, don’t keep hitting the common man & the salaried everytime. Just catch hold 10 “Khodas” & IAS officers like “JOSHIS”…..you can not only wipe off the deficit in your budget but need not even think of imposing new taxes!
There is no election round the corner. But you can still understand the real problems of the people and come forward to alleviate their miseries by offering trhe abovesaid concessions/ exemptions/benefits.
Hope this time you will let the people down. ALL the BEST.
S.KRISHAN KUMAR
that’s a very good news
I am hoping the new income tax structure will be effective this financial year onwards.