Anurag Garg

I would like to mention following Budget Expectations to Finance Minister in coming Budget.1) Excise Duty Rates should be left untouched in Sectors which are focus area for GOI like Power related equipments, Infrastructure Growth etc. to support these development areas .2) To make smooth Interstate Movement of Goods , Govt should abolish requirements of Way Bills, Road Permits etc being used for entry of goods in some states like UP, WB etc. On similar lines Octroi charged for some states should also be abolished3) For Housing Sector rebate on Invenstment Limit for Principal paid on Housing Loan should be increased, means increasing the limit of Savings under 80CC.4) Also for Housing Sector especially the Multistoreyed Apartments catching up in every state and city, govt should charge stamp duty only once and not on resale, as anyway the earnings of Stamp Duty in case of Flats is anyway many times more than the stamp duty charged if the same land is used for a Single House/Bungalow. Or customer should reduce the stamp duty on Flats as compared to Single House /Bungalow.5) Stamp Duty Charges are also not uniform across states , which should also be addressed when we are trying to move towards rationalisation taxes across states like GST.

Anurag Garg
garganurag2003@yahoo.co.in