- Small cars to be cheaper, as excise duty cut from 24% to 16%
- Coke & Pepsi promise to get more enticing this summer
- Calories back in fashion as FM exempts host of food items from excise
- Fridge, AC, Desktop computer & Laptop prices expected to go up
- All cooking oils set to become more expensive
- Prices of clothing items expected to drop
- Hike in STT rate to make market transactions costlier
- FDs kept with banks for 5 years get tax breaks
- Close-Ended MFs attractive now as dividend distribution tax goes
- No changes in direct-tax rates
- One-by-six scheme scrapped
- Tax sleuths keep close watch on spending
- MAT (minimum alternate tax - on book profit) rate hike from 7.5% to 10% to hit bottomlines
- Long-term capital gains now part of book-profit & thus taxable
- FBT tax rates reduced selectively but hassels remain
Keep visiting this space to get more insight on Budget 2006...
