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BUDGET 2012
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Budget Interpretations
Pharma sector be affected by increase in excise duty rates
Duty rate hikes to adversely affect common man
Excise hike on beedi, other tobacco products; positive for ITC
LNG exempt from customs duty; positive for GAIL and other gas dist cos, power cos and fert cos
Basic exemption limit for individuals increased; savings to the extent of Rs 22,000 on income on Rs 10 lakh
Introduction of negative service tax list to widen service tax net
STT reduced to 0.01%; positive for IIFL, JM, Edel, Motilal
Cascading effect of dividend distribution tax removed; to benefit Indian MNCs
Exemption limit for individuals increased by Rs 20,000 to Rs 2 lakh
GST network rollout from Aug 2012 positive for retail sector
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Budget 2012
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