COMMENTING ON UNION BUDGET 2024-25
SHRI Y.P. TRIVEDI NATIONAL TREASURER OF N.C.P. AND EX-MEMBER OF PARLIAMENT SAID THAT HE WOULD GIVE THE BUDGET 8 OUT OF 10 MARKS.
REDUCING THE FISCAL DEFICIT COMPARED TO LAST YEAR WHILE INCREASING THE CAPEX BY MORE THAN 1 LAKH CRORE IS A VERY ADMIRABLE JOB.
BUT ON THE TAXATION FRONT, THE FINANCE MINISTER IS NOT BOLD ENOUGH. THERE IS ONLY TINKERING IN INCOME-TAX BY CHANGING THE RATES IN SHORT-TERM AND LONG-TERM CAPITAL GAINS, OR CHANGES IN T.D.S. RATES, OR PERIOD OF RE-ASSESSMENT THESE ARE ONLY MINOR CHANGES, AS AGAINST THE NEED FOR COMPLETE REVAMPING OF DIRECT TAX CODE, AND REDUCING THE SLABS OF G.S.T. TO JUST 3 OR 4 SLABS, WHAT IS DONE IS ONLY MARGINAL HAIRDRESSING.
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