The Great Debate (India)
The annual budget, to be unveiled on Feb. 28, is likely to be the last ahead of the 2014 elections and is perhaps the government’s final chance to announce steps to improve India’s investment climate.
Reuters India asks its readers to share their views on the budget and what they would do if they were in the finance minister’s shoes this year.
What is your budget wishlist for this year? What should the income tax slabs look like? Which investment products should be added or removed from the exemption list?
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Finance Minister Pranab Mukherjee will present the annual budget in parliament on March 16.
The Direct Taxes Code (DTC) will be in focus this year. Individuals will seek more clarity on income tax slabs and the investment instruments eligible for tax exemptions. Options like tax-saving funds (ELSS) may no longer be eligible for tax breaks going ahead.