Budget Expectations : Mr. D Rajiv Krishnan, MD, DDI India Pvt Ltd

Hello,

 

Please find below the quotes from one of my client DDI.

 

 

1. Reduction in service tax for HR services to 5% as this is a sector which is severely affected in the downturn
2. Abolishing FBT as this only serves to complicate tax calculation, remittance etc. At the time FBT was introduced, it was mentioned that it was working well in Australia. This is a country with which we have nothing in common – it is a sparsely populated country with very comprehensive social security
3. Reduction in income tax slabs and overall simplification. In the absence of social security there is no justification for high rates. Tax computation can also be simplified

 

Time and again it has been proved that high tax rates encourage tax avoidance and that reduction encourages compliance and overall collection in absolute terms. I would encourage the government to look at overall reduction of rates and simplification of computation

 

 

 

D Rajiv Krishnan
Managing Director

DDI India Pvt Ltd

 

Regards,

Pushpa Chauhan

brand-comm

Integrated Brand-Comm Pvt. Ltd.

16, Kewal Industrial Estate

Senapati Bapat Marg

Lower Parel (West)

Mumbai 400 013

India

Tel: +91 22 3048 8900

Fax: +91 22 2494 5594

Cell Phone:  9324562724

Read Ramanujam Sridhar's blog @ http://ramanujam-sridhar.blogspot.com