Budget 2009 - 2010 Analysis By evasai Professionals

Budget  2009 - 2010 Analysis By evasai Professionals.

Sector	Effect	Remarks
Corporate Tax	Neutral	No Change
Income tax Individual	Positive	Limit Increased
TAX - OTHERS	Positive	CTT to be abolished,FBT withdrawn,CENVAT reduced
AGRICULTURE	Positive
EDUCATION	Positive
Automobile and Ancillaries	Positive
Banking  Financial Companies	Negative
Consumer Durable	Positive
Fertilizer	Positive
FMCG	Negative	Concessional customs duty of 5% on specified machinery for tea, plantations to be reintroduced for one year, up-to 06.07.2010
Gems & Jewellery	Neutral
Healthcare	Positive
Infrastructure & Engineering	Positive
IT/ITES	Positive	Custom Duty on LCD panels cut from 10% to 5%,FBT abolished,
Media & Entertainment	Negative	Customs duty of 5% to be imposed on Set Top Box for television broadcasting
Oil & Gas	Positive
Power	Positive
Public Sector Undertakings	Neutral
Real Estate	Negative
Telecommunication	Neutral
Textile	Positive

Some of the Positives from the budget are:

GST will be implemented from April 1, 2010

FBT abolished

CTT removed

Disappointments are:

Divestment in Insurance and Banks

Fuel policy

FDI in Infrastructure

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