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Budget 2012 for professionals: What FM should keep in mind
2/22/2012 03:53 PM
Falling in the professional category, I want the finance minister to omit us from the service tax bracket when he announces the Budget on March 16.
For those who fall in the tax bracket, Pranab Mukherjee must consider reducing service tax.
There are a lot of small business professionals who deal in cash due to the burden of paying service tax imposed on them.
We also want you to increase the limit to maintain financial record.
While I do understand there are concerns over the definition of services which should be brought under the tax bracket, have you considered increasing the tax slab? If not, please do.
Please look at reducing the TDS rate as well.
A proper definition of service will help the government in imposing levy on more economic activities and also prevent tax-related disputes.
Budget 2012
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