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Budget fails to offer reasons for celebration - Mandhana Industries
03 Mar '08
2 min read
“Budget 2008 proposal of increasing tax on short term capital gains to 15 percent, coupled with commodity transaction tax and service tax on payment to stock exchanges, is expected to further dampen the spirit on the bourses, atleast in the short run.”
Mr Mandhana said, “Little sigh of relief comes from reduction in excise duty from 16.48 to 14.42 percent and CST reduction from 3 to 2 percent in the wake of introduction of GST.
“On the whole, I can say, the Budget 2008, did not provide much for industry to celebrate this financial year.”
Mr Mandhana said, “Little sigh of relief comes from reduction in excise duty from 16.48 to 14.42 percent and CST reduction from 3 to 2 percent in the wake of introduction of GST.
“On the whole, I can say, the Budget 2008, did not provide much for industry to celebrate this financial year.”
Fibre2fashion News Desk - India
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