India's most populist Government has presented a bold budget. It did not do much to appease its voters. The Individual Tax Rates were not reduced or the Slabs of Income changed much. Only small benefits were extended to the individuals. But increase in indirect tax rates will have a bearing on costs of commodities. Not many people will like that. But the budget removes many uncertainities in taxation which will be a big relief for the tax payers.
Durga Rao & Co., Chartered Accountants is a medium sized firm catering to the requirements of various Commercial and Non Commercial Entities for more than 3 decades. Established in the