Oh! What a Budget! TIOL thanks the Netizens for the overwhelming response
The Budget is certainly not what you see in the TV channels. The fine print in the Bill and the notifications are never highlighted in those power packed TV debates. TIOL is grateful to all our immensely knowledgeable netizens and analysts who have dissected the budget minutely and enabled us to bring you incisive analysis on the fine print of the budget. PC is after all a very clever political economist caught between the Scylla of Electoral politics and the Charybdis of Economic Development and it requires an eagle eye to see through his brilliant plans. Our analysts, being experts in the field with rich experience could see through the scheme with their intellectual x rays and we have brought you the best possible analysis of the budget from the best brains in the country. And it's not yet over. Today we bring you some more important aspects of the budget dissected by our experts and in the days ahead, we will bring you more.
The Rule 6 in the Cenvat Credit Rules is a classic example of what legislation should not be. We bring you yet another analysis today wondering on the alphabetic confusion in the Rule with the missing letter “P”. WE will bring you some more in the days to come.
The amendment in the Income Tax Act regarding disallowing of expenditure of Rs. 20,000 or more paid in cash has created so much of confusion with leading chartered accountants and MNC firms understanding it differently – we bring you an in-house analysis of the situation today.
Stay with us for an exciting analysis of the budget.