Vasai Info

All about Vasai and Mumbai Suburb

Budget 2009 – 2010 Analysis By evasai Professionals

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TAX – OTHERS Positive CTT to be abolished,FBT withdrawn,CENVAT reduced
Automobile and Ancillaries Positive  

Banking  Financial Companies

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  

    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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    July 9, 2009 - Posted by | Uncategorized

    1 Comment »

    1. Really educative post by the webmaster.

      Comment by IndianStockMarket | February 17, 2010 | Reply

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