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Exemption limit of Rs1.50cr in excisable products is good sign

01
Mar '07
Budget is OK. Extention of TUFS, no surcharge to companies having Taxable Income upto 1 crore, increase in limit of Service Tax etc are fine but no specific benefit is given to the salaried class, said Rajesh Sharma, Assistant General Manager, Finance, Neva Garments.

On the changes that he would like in your industry, he replied that as Neva Garments is also dealing in excisable products, the exemption limit of Rs1.50 crore is good sign.

Not much is required to be done as budget was normal and no major changes are there in the budget.

Fibre2fashion News Desk - India


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