Friday, February 13, 2015

Budget 2015 - Expectations

We are expecting a lot from Modi Govt in this budget for development. And he desperately needs money for it. Thus, we can expect following things this budget -

1. Chapter VIA deduction for Infra Bonds upto 2 Lacs
 (To arrange money for infra development)

2. More Investment allowances for Corporates

3. Increase in 80C Limit upto 2 Lacs
(to boost savings)

4. Introduction of Defense Bonds

5. New SEZs/ Export Zones

6. Withdrawl of Controversial Tax Policies Such as withdrawl of retrospective Amendmends

7. Simplification of Domestic Transfer Pricing Rules
   (Almost Each & Every case of Tranfer Pricing is in Litigation now, thus it is the most important matter)

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