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This Budget should give some room to retail investor mainly salaried person as they are the direct tax payers.

I would like to suggest for Rs 1 lakh tax exemption exclusively for the investments in unit-linked insurance plans. To support my thought, it always happen that when market goes down the insurance companies are asked to participate to support the mark et. If Government allow this type of tax exemption, this will help those companies to invest in the market to support the investor confidence which in-turn helps the market to grow, what investor will get is more savings, long term investments, more return and tax benefit.

There is a need to tax agricultural income, but for big farmers, so that the small farmers can get the benefit what government gives like agricultural subsidy. The tax obtained can be used to compensate with the subsidy. By doing this, the government can help to bring the income level of small farmer, develop agricultural activities which is important for rural development.

Nilendu Mukherjee, Kolkata

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