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TAX – OTHERS Positive CTT to be abolished,FBT withdrawn,CENVAT reduced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

Banking  Financial Companies

Negative  
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

    Contact:9823403494

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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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