Budget 2009 - 2010 Analysis By evasai Professionals

Some of the Positives from the budget are: GST will be implemented from April 1, 2010 FBT abolished CTT removed Disappointments a...

fhhh (55) Some of the Positives from the budget are:

  • GST will be implemented from April 1, 2010
  • FBT abolished
  • CTT removed

    Disappointments are:

  • Divestment in Insurance and Banks
  • Fuel policy
  • FDI in Infrastructure

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  • Budget  2009 - 2010 Analysis By evasai Professionals.

    Sector Effect Remarks
    Corporate Tax Neutral No Change
    Income tax Individual Positive Limit Increased
    TAX - OTHERS Positive CTT to be abolished,FBT withdrawn,CENVAT reduced
    AGRICULTURE Positive
    EDUCATION Positive
    Automobile and Ancillaries Positive  

    Banking  Financial Companies

    Negative  
    Consumer Durable Positive
    Fertilizer Positive  
    FMCG Negative Concessional customs duty of 5% on specified machinery for tea, plantations to be reintroduced for one year, up-to 06.07.2010
    Gems & Jewellery Neutral  
    Healthcare Positive
    Infrastructure & Engineering Positive  
    IT/ITES Positive
  • Custom Duty on LCD panels cut from 10% to 5%,FBT abolished,
  • Media & Entertainment Negative Customs duty of 5% to be imposed on Set Top Box for television broadcasting
    Oil & Gas Positive
    Power Positive  
    Public Sector Undertakings Neutral  
    Real Estate Negative  
    Telecommunication Neutral  
    Textile Positive  

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    All About Vasai: Budget 2009 - 2010 Analysis By evasai Professionals
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