In Budget 2014 what to expect? - Business & Economy - General Economy - TIK Share

In Budget 2014 what to expect?


Rahul Rai

2014-02-17

Budget 2014 is to be tabled in parliament by finance minister P. Chidambaram. What one can expect from the budget?

As per me the budget will be tabled taking care of upcoming elections.

  1. Indirect taxes may be reduced, possibly service tax.
  2. Funds for schemes which can generate votes will be increased.

What is your takes?

CA Pulkit Sharma

2014-02-17

As expected indirect taxes for autos is reduced. For small card from 12% to 8% and SUVs 30% to 24%.

Relief in service tax for rice warehousing & storage

 

Excise duty cut by 2% for capital goods & consumer durables

No changes in Tax Laws. Income Tax laws are untouched.

Relief in service tax for rice warehousing & storage

 

FY15 fertiliser subsidy to be at Rs 76,000 crore

As per former Governor of RBI, Mr. Rangarajan-The budget is made for elections and next government will be under economical pressure.

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