Budget 2008

rsjaurr · 29th February 2008, 17:22

IMHO this years budget is probably the best we have had in the last decade or so.So it does need special mention and credit should be given to politicians where it is due.

This not not typical "appease all" budget but very forward looking one.
On one side FM has decreased much required Income tax burden on middle\salaried class,he has also waived loan for smaller farmers,spent more for baisc things like health & education,defense and also reduced various duties on manufactured items giving boost to industry though industrialists would have wanted corporate tax to be reduced.

PAVAN KADAM · 29th February 2008, 17:54

See guys my point is for an entrepreuner, who runs a company, the taxes he pays up is almost 50%.

Imagine i pay 35% of taxes for the company to govt.
and pay 6% fee to the CA
additional 2% service Tax
Additional 5% Individual Tax
And bribe 2% for the agent to get my TDS returns.

What am i left with after all this ,

Doesnt make sense.

We actually need to have a broader look towards small time Business people.

It cannot get centric but yes find about different sections of employment all over.

maddy42 · 29th February 2008, 17:57

Well i for one am happy the way the FM has done for the first time. taxes for me has been reduced but i dont understand why does he not specify the loan cuts for farmers properly. The previous time loans waiver happened for people who defaulted on their loans but those who made sure that they paid the interest in time and never defaulted didnt recieve any waivers. One more thing is still emphasis is not given onto developing tier 2 cities as it should thus preventing migration of youth and oppourtunity in places. Decent budget but it has some drawbacks. Its like a pro election budget. Elections coming up in north east, rajastan and alot of other states

sgiitk · 29th February 2008, 19:05

With PC the devil is in the fine print. Let us see that before opining.

maddy42 · 3rd March 2008, 15:56

Well very true sgiitk
Nothing is free with PC

lambuhere1 · 4th March 2008, 09:29

I am NOT happy with the way things are being planned in this budget. What he is effectively saying is that "Boss, India is also in Downtrend (aka recession), help me to make it grow. You can grow it " . How, spend more on anything you buy, I am giving you money in your hands. Thats wat I want you to do.

Did anyone get this message ? I for one is going to sit on cash for the next few years until we are out of downtrend

View Poll Results: Your views about budget
i'm lot happer now!	10	62.50%
could have been better	2	12.50%
dont care	4	25.00%
Voters: 16. You may not vote on this poll

29th February 2008, 17:22	#1
rsjaurr BHPian Join Date: Sep 2005 Location: Batala Posts: 777 Thanked: 28 Times	Budget 2008 IMHO this years budget is probably the best we have had in the last decade or so.So it does need special mention and credit should be given to politicians where it is due. This not not typical "appease all" budget but very forward looking one. On one side FM has decreased much required Income tax burden on middle\salaried class,he has also waived loan for smaller farmers,spent more for baisc things like health & education,defense and also reduced various duties on manufactured items giving boost to industry though industrialists would have wanted corporate tax to be reduced.
	() Thanks

29th February 2008, 17:54	#2
PAVAN KADAM BANNED Join Date: Jan 2007 Location: NAMMA BENGALURU Posts: 5,602 Thanked: 2,549 Times	See guys my point is for an entrepreuner, who runs a company, the taxes he pays up is almost 50%. Imagine i pay 35% of taxes for the company to govt. and pay 6% fee to the CA additional 2% service Tax Additional 5% Individual Tax And bribe 2% for the agent to get my TDS returns. What am i left with after all this , Doesnt make sense. We actually need to have a broader look towards small time Business people. It cannot get centric but yes find about different sections of employment all over.
	() Thanks

29th February 2008, 17:57	#3
maddy42 Senior - BHPian Join Date: Aug 2007 Location: Coorg Posts: 2,131 Thanked: 1,328 Times View My Garage	Well i for one am happy the way the FM has done for the first time. taxes for me has been reduced but i dont understand why does he not specify the loan cuts for farmers properly. The previous time loans waiver happened for people who defaulted on their loans but those who made sure that they paid the interest in time and never defaulted didnt recieve any waivers. One more thing is still emphasis is not given onto developing tier 2 cities as it should thus preventing migration of youth and oppourtunity in places. Decent budget but it has some drawbacks. Its like a pro election budget. Elections coming up in north east, rajastan and alot of other states
	() Thanks

29th February 2008, 19:05	#4
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,787 Times	With PC the devil is in the fine print. Let us see that before opining.
	() Thanks

3rd March 2008, 15:56	#5
maddy42 Senior - BHPian Join Date: Aug 2007 Location: Coorg Posts: 2,131 Thanked: 1,328 Times View My Garage	Well very true sgiitk Nothing is free with PC
	() Thanks

4th March 2008, 09:29	#6
lambuhere1 BHPian Join Date: Oct 2005 Location: @ Driver's Seat @ Posts: 708 Thanked: 106 Times	I am NOT happy with the way things are being planned in this budget. What he is effectively saying is that "Boss, India is also in Downtrend (aka recession), help me to make it grow. You can grow it " . How, spend more on anything you buy, I am giving you money in your hands. Thats wat I want you to do. Did anyone get this message ? I for one is going to sit on cash for the next few years until we are out of downtrend
	() Thanks