Tuesday, February 23, 2010

U. Sridhar, Trichy

The United Progressive Alliance (UPA) is just a few months away from presenting its second Budget in less than a year since the general elections of 2009. Though the gloom of global recession is behind us, inflation continues to be a worry. Now the ordinary income and investment people have suffered lot. My expectation is ordinary people get benefit and see the budget through Increase in limit of deduction under Section 80C: Deduction under 80C includes investment for provident fund, PPF, LIC, housing loan repayment, expenditure on children education tuition fees, etc. and the existing limit is Rs 1 lakh. The same has been in existence for several years and considering the time period which has lapsed and the inflationary trends in the economy, it should be increased to Rs 3-4 lakh. The list of eligible tax saving investments should be extended to include investment in IPOs and NFOs. This will give a further boost to the capital markets and satisfied small investors.

U Sridhar II MBA]
Dept of Commerce and Financial Studies,
Bharathidasan University,Trichy.

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