"But the increase in Petrol and Diesel, though marginally, will give room for price increase overall. Also regrets the duty revision in Television, Set-Top Boxes, Air-Conditioners etc., which are now widely used by middle income groups.
Also the compulsory Tax Audit Limit should have been raised to Rs 1 crore instead of Rs 60 lakhs. the switchover to GST should be given sufficient time of minimum 6 months.
The threshold limit for tax-free income should have been increased to Rs 2 lakhs at least. The Association welcomes reduction of duties on CFL Lamps,CDs, Medical Equipment, Mobile Accessories, LEDs.
On the whole the All India Radio and Electronics Association feels that the Budget is growth-oriented. |
