Share ur Budget thoughts

[vivek.krishnan]

I think the railway budget was actually more spread out than confined to certain states. Apart from that, IDK.

As for the general budget, i think its a good start.

 

[rdst_1]

Mobile phones will be cheaper and so will be the computers in India. This will be for products that will be manufactured in India. But, the government decides to put 10% basic customs duties on telecom products, to discourage imports. Since India is a major market for telecom products like phones and tablets that are mostly imported, be it iPhones, Nexus handsets or cheap phones from the Indian smartphone companies. This could result in increased prices of imported telecom goods, including phones and tablets. The government is yet to explain if this is going to impact the smartphone market.

http://daily.bhaskar.com/article/GA...vs-10-duty-on-telecom-produc-4675605-NOR.html

Lol. Not even a single phone or tablet sold here is manufactured in India. So prices of all the devices will rise whether imported by individuals or companies. If this is a move to make the companies move manufacturing to India then I don't know how successful this move will be.

 

[Being.smart]

The BCD for mobile phones has been set to 10%, add to it CVD and SAD, it will surely touch ~~20% if coming via mumbai , and 20-25% if coming via Delhi, don't know whether the price in gray market will increase or not .

Regarding tax exemption limit, they just introduced it to make the common man happy, so that on one starts raising voice against them.,

They didn't introduced any good package for automobile sector, IT industry, how they will be going to produce more jobs in coming days.

Also in order to make all people of nation happy they had done, ramu to 10 rupee lele dhoodh peelena, shaam tu 15 rupee lele samosa khalena, baki log phile jise kharae the waise hich khao[DOUBLEPOST=1405005145][/DOUBLEPOST]Further, there will be no import duty on PC components, which could lower prices of assembled PC setups, as well as branded PCs.
On the flip side, looks like the government also plans to discourage imports as 10 percent customs duties is now levied on all incoming telecom products.

Does it means that, there will be no import duty on PC components ? ?

 

[MAGNeT]

Atleast Jaitley was at ease enough to increase rate by 50k.
Chidu on contrary was such miser that even last year increasing limit by 20k was crying and showing figure that country will be at big loss.ANd how big miser he was once a person income goes pass 5L the 2.2L limit goes to 2L.

I am sure after 7 months more relief oratleast the figure will goto 3L.

Also 80C limits were increased to 1.5L.Is really amusing that it was NDA only who raised the limit earlier to 1L from 70K.Than in next 10 years UPA did nothing there and now crying that NDA did nothing on inflation front.

At-least something good was provided.I am damn sure if this was CHIDU budget the rate of taxation would had gone from 2L to 2.05L.

Note::I didn't voted for NDA but i happy with what was announced.And its more middle class pro.

Also regarding statue 200 Crore.I dont think its worth sharing here since its almost 0.02% of what direct tax is collected.Also what if it wasn't announced but somewhere in the middle of the budget papers.Who would had cared?

 

[sharktale1212]

Atleast Jaitley was at ease enough to increase rate by 50k.
Chidu on contrary was such miser that even last year increasing limit by 20k was crying and showing figure that country will be at big loss.ANd how big miser he was once a person income goes pass 5L the 2.2L limit goes to 2L.

Only a miser? I remember him chiding (pun intended) middle class to be able to eat 20rs icecream and crying about price rise or something. He was an idiot and needed to removed NDA or not.

 

[6pack]

These finance ministers are all still stuck in that "in the old years so and so cost only so much paisa" age. They're too old to give anything substantial to the government or people. Their way of thinking is old.
What's the use of increase in tax slab when it won't help people much? Look at the inflation. They should have gone all the way and given income tax exemption till 3lacs at least. What's the use of 1 or 1.5lac saving under 80c or CC or any other alphabet if it does not put money in the hands of the people directly to spend?
All these sections only lock off money for years. No use to a person reeling under budget constraints at home.
Only people having extra money in their pockets will spend. :|

 

[axis.meister]

These finance ministers are all still stuck in that "in the old years so and so cost only so much paisa" age. They're too old to give anything substantial to the government or people. Their way of thinking is old.
What's the use of increase in tax slab when it won't help people much? Look at the inflation. They should have gone all the way and given income tax exemption till 3lacs at least. What's the use of 1 or 1.5lac saving under 80c or CC or any other alphabet if it does not put money in the hands of the people directly to spend?
All these sections only lock off money for years. No use to a person reeling under budget constraints at home.
Only people having extra money in their pockets will spend. :|

Thats true. I was hoping for standard deduction for Salaried individuals to be introduced finally, and for the travel allowance deduction to be increased in view of the increased cost of travelling

 

[6pack]

Look at the reality. People earning 10k a month are finding it hard to live.
m.thehindu.com/news/cities/Delhi/it-is-an-endless-wait-for-achche-din/article6198936.ece/

And stupid committees like the Rangarajan committee says people spending 50 rupees a day are not poor.

 

[rdst_1]

The BCD for mobile phones has been set to 10%, add to it CVD and SAD, it will surely touch ~~20% if coming via mumbai , and 20-25% if coming via Delhi, don't know whether the price in gray market will increase or not .

Regarding tax exemption limit, they just introduced it to make the common man happy, so that on one starts raising voice against them.,

They didn't introduced any good package for automobile sector, IT industry, how they will be going to produce more jobs in coming days.

Also in order to make all people of nation happy they had done, ramu to 10 rupee lele dhoodh peelena, shaam tu 15 rupee lele samosa khalena, baki log phile jise kharae the waise hich khao[DOUBLEPOST=1405005145][/DOUBLEPOST]Further, there will be no import duty on PC components, which could lower prices of assembled PC setups, as well as branded PCs.
On the flip side, looks like the government also plans to discourage imports as 10 percent customs duties is now levied on all incoming telecom products.

Does it means that, there will be no import duty on PC components ? ?

There is still ambiguity regarding this.

India, in 1997, promised zero BCD on 217 items, under ITA 1. However all the items under ITA were enjoying exemption till now.
So from now on, only those 217 items will have zero BCD while other items will be levied with BCD.
I don't know whether mobile phones came under those 217 items or not but mobile spare parts sure did.
Also in the articles I got this info from stated that most probably it will be commercial telecom equipment like phones with VoIP and other telephone equipments used by businesses that will see this duty levied on and not just any/all telecom devices.
Hoping that this is the truth.