Pre-Budget `09 Whispers

June 24, 2009
1 min read

When the FM presents his full Budget on 6th July `09, his priorities will be clear –

  • Bridge the fiscal deficit
  • Garner funding for infrastructure
  • Put economy back on high growth trajectory
  • Promote Equitable Growth
  • Inflation – Even as WPI falls, consumer price index is very high
  • Need for simplified, revised income-tax regulations

Here is a roundup of news for what is being contemplated for the forthcoming Budget `09 and the expectations of various sections from the Budget.

Hazarding guesses – What is likely:

Budget `09: What does Pranab have up his sleeves?

Budget `09 –Measuring Expectations

Previous Story

Clarity on LLP tax issue only next year

Next Story

New Scheme of TDS/TCS deferred

Latest from Blog

Income Tax deduction for procurements from MSMEs only upon actual payment

By Shaleen Shah | LinkedIn, assisted by Divyansh Jain Introduction This Note is relevant to computation of income under the head ‘Income from business and profession’. Section 43B of the Income Tax Act provides a list of expenses allowed as deduction, on cash basis irrespective of the year of accounting.

Foreign companies may be required to file Tax Returns in India

by Nexdigm Private Limited as published on Impact of increase in withholding tax on rates for Fees for Technical Services and Royalty As per Indian Tax laws1, payments made to Non-Residents/Foreign Companies for Fees for Technical Services (FTS) and Royalties were liable to tax at the effective tax rate of

How Cryptocurrencies Are Taxed In India

[Source:; Authors: Justin M Bharucha, Aashika Jain] Cryptocurrencies and non-fungible tokens (NFTs) are presently unregulated in India. While the Reserve Bank of India (RBI) had sought to ban cryptocurrencies in 2018, the Supreme Court quashed the attempted ban leaving cryptocurrencies in regulatory limbo – neither illegal nor, strictly speaking,

Higher rate of TDS in certain situations from 1st July 2021

[By Shaleen Shah (Partner), VNCA] Finance Act 2021, has introduced a new section 206AB effective from 1-Jul-2021 wherein a payer/buyer is responsible to deduct TDS at higher rate (i.e. twice the rate as specified under the relevant provision of the Income Tax Act or twice the rate/ rates in force;

Don't Miss

How Cryptocurrencies Are Taxed In India

[Source:; Authors: Justin M Bharucha, Aashika Jain] Cryptocurrencies and

Only 329 startups can claim tax holiday under Startup India

[Source:] Exactly five years since the launch of the