Business Daily from THE HINDU group of publications
Friday, Jul 10, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Jul 10, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Opinion
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Letters Revenue-neutral The Budget is revenue neutral in several senses. The increase in MAT and the scrapping of the FBT will prove revenue-neutral, both for the Government and companies. The income-tax ceiling has been raised and the surcharge removed but perquisites are now taxable; this is revenue-neutral for tax-paying individuals. However, as Mr Lalu Prasad once pointed out, “neutral me gaadi aage nahi jayegi” (one cannot move forward in neutral gear!). D. Ravi Sankar Bangalore More Stories on : Letters | Budget
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