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Highlights of Union Budget 2011-12


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VB S
Useless budget
by VB S on Feb 28, 2011 01:35 PM

This is a directionless and useless excercise. FM has not done proper home work. This budget will hurt badly.

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UDAY SWADI
Service tax on accrual basis
by UDAY SWADI on Feb 28, 2011 01:34 PM

Will the Finance Minister help us to collect fees which remain outstanding for years together?
Most the professionals have cash system of accounting, and recovery of fees is major concern, now without recovery one has to pay service tax out of pocket. This is simply unacceptable. ICAI ICWA ICS should take serious view and represent before FM.

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amit s
A GROUP OF MINISTERS TO TACKLE CORRUPTION
by amit s on Feb 28, 2011 01:34 PM

A crore thanks to Mr. Pranabda for announcing that will tackle production:- please include following ministers in the group-Mr.Sharad Pawar/Mr.A.Raja/Mr.Suresh Kalamadi/Mr. Ashok Chawan and headed by Mrs.Sonia Gandhi(Mr.MMS at the feet of her)

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shoji kannampuzha
THE POOR FARMERS NEED HELP
by shoji kannampuzha on Feb 28, 2011 01:30 PM

We can see growth everywhere in south but nothing has changed in northern parts of our INDIA. Even the educated class is not helping the poor people or the farming laboures across in north India. The greedy educated class always wants food items at low cost which means at the cost of the poor farmers. North is ...ruled by politicians...ruled by local illiterate people panchayaths heads by goons...ruled by RAJA Bhayyas... In north anybody can see landlords with 1000 acres of land but farming by illitrare bond labourers and nobody is raising any action taken against these LANDLORDS...

Fight for LAND REFORMS, save poor farmers from LANDLORDS.

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Jatin
Waste budget
by Jatin on Feb 28, 2011 01:27 PM  | Hide replies

I seriously feel that this budget is a waste. What a senior citezin of 80 years will do of that tax exemption. I agree to the tax exemption of Sen Cit of 60 years and above but not that 80 years. The person who need tax exemption is young person who have a huge tas ahead of them in sustaining for food inflation, buying a house and other life amenities. I am not saying older above 80 will not need that, but there are so less people like that, it wont affect them even. It will only help people who have a joint business in the name of their father, grandfather..... At least this guy could have increased the investment limit to 1.5 lakh if not anything else

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Ramesh Chavan
Re: Waste budget
by Ramesh Chavan on Feb 28, 2011 01:38 PM
you are absolutely right. Even the limit for womens was 1,90,000 and not 2,40,000. Pranabda your memory is lost, now take a retirement.

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Ramesh Chavan
Re: Waste budget
by Ramesh Chavan on Feb 28, 2011 01:38 PM
you are absolutely right. Even the limit for womens was 1,90,000 and not 2,40,000. Pranabda your memory is lost, now take a retirement.

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mahesh yanamandra
Re: Waste budget
by mahesh yanamandra on Feb 28, 2011 01:34 PM
Jatin , i agree with you

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Jatin
Waste budget
by Jatin on Feb 28, 2011 01:27 PM

I seriously feel that this budget is a waste. What a senior citezin of 80 years will do of that tax exemption. I agree to the tax exemption of Sen Cit of 60 years and above but not that 80 years. The person who need tax exemption is young person who have a huge tas ahead of them in sustaining for food inflation, buying a house and other life amenities. I am not saying older above 80 will not need that, but there are so less people like that, it wont affect them even. It will only help people who have a joint business in the name of their father, grandfather..... At least this guy could have increased the investment limit to 1.5 lakh if not anything else

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INDIAN RAM
Pranab da has done great service to BJP
by INDIAN RAM on Feb 28, 2011 01:26 PM  | Hide replies

as the only man who is going to get the benefit is ADVANI with Rs.500000/- tax rebate.

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Sanskar Tanmor
Re: Pranab da has done great service to BJP
by Sanskar Tanmor on Feb 28, 2011 01:36 PM
Dear moderator, please do not delete the comments. We know... individual cant change the Slabs... but at least it may give a way for different thinking ... I request you.. please display my previous comment.

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Denzil Correa
INCOME TAX FOR WOMEN
by Denzil Correa on Feb 28, 2011 01:25 PM  | Hide replies

When was income tax exemption for women 240000 I think you have gort it wrong

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Bineet Kumar
Re: INCOME TAX FOR WOMEN
by Bineet Kumar on Feb 28, 2011 01:43 PM
TRUE CASE OF GENDER BIASNESS.
============================

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praveen somani
Re: INCOME TAX FOR WOMEN
by praveen somani on Feb 28, 2011 01:28 PM
I agree with you.

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johny anthony
bueget 2011- exemption imit for women remain as same Rs.2,40,000?
by johny anthony on Feb 28, 2011 01:21 PM  | Hide replies

I don'nt understand why this special concession to women. It is OK, in case of widows, handicaped, single living women, married women working away from spouse, unmarried, or if only the women is working. The truth is that majority working women's spouse is also working. In such case, no justification in this concession because the expenditure is not increasing i.e. light bill, LPG, house loan repayment, house taxes, association maintenace charges, education expenses of children other day today expenses. So they are leading luxurious life. Moreover they are getting concession from other sources, in railways lower birth quote, ladies quota, special concession to start business, regn. fee concession etc. Who will see the problems of single earning men?

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venkatesh kamath
Re: bueget 2011- exemption imit for women remain as same Rs.2,40,
by venkatesh kamath on Feb 28, 2011 01:24 PM
women exemption limt is Rs1,90,000/- only not Rs 2,40,000/-

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Sanskar Tanmor
Re: Re: bueget 2011- exemption imit for women remain as same Rs.2
by Sanskar Tanmor on Feb 28, 2011 01:26 PM
Instead of giving Individual Limits, he should give combined limit to 5 lakh. It will reduce unemployment. But, to think at this level FM needs brain.

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Nagarajan Iyer
Re: Re: Re: bueget 2011- exemption imit for women remain as same
by Nagarajan Iyer on Feb 28, 2011 01:31 PM
I do agree ... I appreciate your concern.

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Rakesh Madhubhai
Re: bueget 2011- exemption imit for women remain as same Rs.2,40,
by Rakesh Madhubhai on Feb 28, 2011 01:28 PM
absolutely right

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Sanskar Tanmor
Re: Re: bueget 2011- exemption imit for women remain as same Rs.2
by Sanskar Tanmor on Feb 28, 2011 01:29 PM
Thanks for having broad vision :)

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ashok lole
Re: bueget 2011- exemption imit for women remain as same Rs.2,40,
by ashok lole on Feb 28, 2011 01:30 PM
I agreed with your view, I will say only one couple can only get jon, this types of law should be introduces.

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mahesh yanamandra
Re: bueget 2011- exemption imit for women remain as same Rs.2,40,
by mahesh yanamandra on Feb 28, 2011 01:35 PM
Anthony
I agree with you, this is all for woman vote bank as we all know

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Sanskar Tanmor
Re: Re: bueget 2011- exemption imit for women remain as same Rs.2
by Sanskar Tanmor on Feb 28, 2011 01:42 PM
Indians are aware of such vote bank policies now. And Congress will see it in next election .

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SS RAO
Exemption limit of Women
by SS RAO on Feb 28, 2011 01:20 PM

Rediff has posted wrong information for women it slab it was Rs 1.9lac for the FY 2010-11. Pranab jee hasn't cleared about women IT slab.. I request to please update the same

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