Union Budget

Dear Sir/Madam

 

Budget Expectation:

                        Increase basic exemption limit to Rs 250,000/- for individuals and increase the 80C Deduction limit to 150,000/-.
                        Reduce the tax rate to 25% from 30% for companies and firms.

                        Increase the tax rate to 50% from 40% for Foreign companies.

                        Make Permanent disallowance for non deduction of tax at sources.

                        Tax Return should include wealth tax Return and the details to be cross verify with other sources and Advance tax has to be implemented for wealth tax also.

                         Tax Audit to be made compulsory for all business income Enterprises.

                         No surcharge and No cess and make one standard rate.

 

Profile:

Name: S.Narayanan
Status: Chartered Accountant student
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Regards
S.Narayanan
+91-98404-65121