Budget 2011- Central Excise hike likely

Budget is likely to make cars costlier.

http://in.specials.yahoo.com/budget2011/news-detail/post/news/83/is-your-overall-cost-of-owning-a-car-going-up.html

See discussion on suggestion for simplification of taxation process

http://in.specials.yahoo.com/budget2011/news-detail/post/news/66/ensure-simplification-of-income-tax-process-infosys-cfo.html

In view of the proposed introduction of GST,there has to be convergence of the tax rate for both- goods and services.

Here is wish list of Insurance Industry from Budget.

http://in.specials.yahoo.com/budget2011/news-detail/post/news/70/insurance-industry-wishlist-aviva-india.html

BJP leader Yashvant Sinha suggests raising of IT exemption to Rs. 2 lakh.

http://in.specials.yahoo.com/budget2011/news-detail/post/news/108/raise-i-t-exemption-limit-to-rs-2-lakh-sinha-to-fm.html

I think Yashwant Sinha has a point but like all politicians he has been making the right noises when out of power!

What I expect is that the TAX limit hike.I am eagerly looking to it.

The budget is being presented on 28the February. Regarding expectations and more discussion, see the links:

http://in.specials.yahoo.com/budget2011/news-detail/post/news/181/finance-minister-set-to-present-budget-feb-28.html

http://in.specials.yahoo.com/budget2011/news-detail/post/news/182/upa-has-no-excuses.html

Today is the day of budget presentation.I am preparing my tax return!