Union Budget 2012-2013

Just wait and watch. You would know it soon. Keep on watching LS to know the real result.

Budget has decleared and nothing new in budget,as it is.No good news for middle class.

Its been declared but as far as I understand its balanced..

Middle class people expected that price would come down. Market price did not come down. Items like gold, car and crude oil price has gone up. Some facilities were provided to businessmen. Rate of tax exemption has been changed, which is good. Rate of PF came down is not good and so on.

This budget will create lots of problems for the ones who matter. Upper class shall not be affected as usual and lower class has nothing to loose by this budget.

Tax exempted up to Rs.200,000 This is all right.No news about exemption with direct savings which was Rs 1oo,ooo. If any news share.

Increase of 2% central excise and service tax besides enhancing the scope by excluding only some items in negative list, cost of almost every commodity and service will increase. The marginal benefit in income tax is only the the higher middle class and rich whereas the indirect taxes will affect even the poorest. The budget is regressive and pro rich.

Tax exempted up to Rs.200,000 This is all right.No news about exemption with direct savings which was Rs 1oo,ooo. If any news share.

There is no change in section 80(C). Hence,the benefit of Rs. 1 lakh for savings in specified investments will continue. Besides, there is exemption to interest in bank saving account upto Rs. 10,000/-

i think people wont be much affected by the increase or decrease in prices whatsoever. because its the "CHALTA HAI " attitude everywhere which continues no matter whatever the budget says.

[quote]RAM PROSAD ACHARYYA wrote:
Tax exempted up to Rs.200,000 This is all right.No news about exemption with direct savings which was Rs 1oo,ooo. If any news share.


There is no change in section 80(C). Hence,the benefit of Rs. 1 lakh for savings in specified investments will continue. Besides, there is exemption to interest in bank saving account upto Rs. 10,000/-[/quote]
Thank you for nice information.

Besides increasing rate of service tax to 12%, the scope of the tax has been enhanced so as to include every service except those in negative list.

http://in.finance.yahoo.com/blogs/economaniac/negative-list-tax-exemptions-nutshell-043550007.html?mod=budgetNews

Like any other year this year has a same story that was only a repeat in a union budget and their is nothing good for common people.

So this is the ultimate truth. This brings a lot of expectations and end up in a disappointment, almost every year.