Budget Expectations:

Automobile: Reduce excise duty on cars & utility vehicles Banking: Increase tax exemption on bank interest on depositsBanking: Permit banks to access overseas funds for higher limit, which is currently at 25 % of net worthIT: Continue tax incentives u/s 10A and 10B of IT Act for 10 years.Mining: Wishes to remove service tax on exploration related activities. It wants updated mining tax laws to avoid mismatch regarding pre mining costs deductions.Pharma & Healthcare industry wishes higher R & D expense exemption and reduction of excise duty from 16 % to 12 or 8 %.

Msg By Mr Jaydeep K