TIOL-DDT 1114 · Wednesday, 20 May 2009 · story 4 of 4

Enhance exemption Limit by Rs. 50,000/- CII

The leaders of Confederation of Indian Industries (CII), met the Revenue Secretary and submitted their Budget suggestions.

  • Reintroduction of investment allowance and infrastructure bonds.

  • Speedy implementation of the proposed goods and services tax (GST) and rationalisation of other indirect taxes.

  • Enhance IT exemption limit to Rs. 2 Lakhs.