Common man were not considered while the budget document was prepared. Income tax structure shold be modified immediately, otherwise Government has to face tougher times to keep the kurshi intact at Delhi.
This year budget is the worst ever budget presented by any finance minister in independent India. No vision for future growth, nothing for income tax fronts for corporate as well as individuals particularly for women & senior citizens. I hope UPA will see the writing on the wall very clear in near future in UP & Delhi elections.
The FM has obviously kept concessions for the next year, which will be before the general elections.Panjab and Uttaranchal have gone out of the congress hand.UP will never get congress. Hence this is a safe year not to do much to the common man. He could have atleast deleted 80C,80CCC etc and combined that with the taxable minimum. Also he could have inceased the tax for income over 5 laks by another 5 % and give that to Non renewable energy research and development.This he has completely forgotten.
Is Mr.chindambaram is happy with his budget? Whether he has done anything for the people who are paying tax on time?
There is no remark in his speech for the failuer in Agriculutural sector and the minister of Agriculture,who has shown his interest in Cricket rather than Agriculture. Change his portfolio from Agriculuture to sports Let him enjoy there but ask hin not to play with the people who are actually working in the farm and all the dependants on agri products.
Also there is nothing any remark regarding the recovery of all taxes. Kindly declare the names and the amounts recovered and pending amount of all taxes to the people. If there is a failure in recovery the % of such people will increase and that is harmful to the Government of India.
MR.PC has given a eye washing budget to the country.He has proven that middle class & lower class peoople are not at all considered any where in the earth. I request FM to kindly revise the budget in accordance with middle class & lower class people
It is not clear whether they have extended tax rebate on interest on HBL. If it is not extended then it would be huge burden on lower class and salaried employee. If will be difficult to survive.
