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Budget 07 and how it hits SMEs


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subbaraju kaddal
cfhidamabaram budget 2007-2008
by subbaraju kaddal on Mar 14, 2007 11:37 AM

mr chidambaram not a practical Finance Minister
Why he is not rooting out the Service taxes. Service tax imposed apart from all the taxes like Income Tax, Customs , Central Excise, Gift Tax wealth tax so on so far like 52 heads of taxes. Finance Minsiter can use one head of tax either service tax or Gst instead all other tax heads and can continue the income tax.
It is too complicated and not easy to understand to the common man. Each person loosing from his pocket 20% on the expenditure, because of service tax. for instance telephone bill, electricity bill, conveyance bill etc., Chidambaram budget is a jumble of figures. He himself didnot know the route map of our economy. No help to the farmers. Farmers are dying. For instance you take housing. take instance of Chennai City. Dayanidhi requesting all Industrialists and putting up all companies at Chennai. Say OMR all IT Offices came in. last 3 years 5lac families put up at chennai from other states etc., for them no housing at OMR or At Sri perembaddur. So every day the buses are plying by companies to take them to work & dropping. 4 hours productivity was lost. average new homes in chennai is 25000 units that means around 75000 families got accomodation. so balance 425000 families pressure on Chennai city. The prices shooted up sky rocketting. imbalace of economy. Another 3 lacs families are comming up to Chennai, but what use. each state & city you take too much deviation in the income levels. Inflation is too much what showing & what happened is totally different. Better Chidambaram step down from the Finance Minsiter.

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