Bindaas Investment Guru

New Budget 2007 - Proposed changes

BIG — Mon, 19 Feb 2007 16:51:00 +0000

Salaried employees can expect some relief in the Budget. The income tax exemption limit of Rs 1 lakh is likely to be hiked to Rs 1.5 lakh. Moreover, new tax-saving instruments are to be introduced

Tax incentives are going to be showered on senior citizens. The qualifying age is likely to be reduced to 60 years as against the prevailing 65 years. Besides, the TDS limit is likely to be hiked to Rs 10,000 (from Rs 5,000).

The excise duty on crude oil is likely to be reduced, paving way for reduction in petrol and diesel prices. If there is a cut in the excise duty, petrol prices may come down by Rs 2 per litre and that of diesel by Re 1 per litre.

The exemption limit for service tax is likely to be hiked from Rs 4 lakh to Rs 10 lakh. This will benefit a large number of individuals who provide taxable services such as beauty enhancement at parlours.

Major tax incentives are expected on bank deposits. The restoration of tax exemption on interest income up to Rs 15,000 and increase in the ceiling for TDS from Rs 5,000 to Rs 10,000 will boost demand for deposits in a major way.

There is an indication that the service tax rate is to be raised from 12 per cent to 14 per cent. Besides, 44 new items - such as lending services, sports and amusement parks - are set to be brought under the service tax net.

BUDGET AND SENSEX

BIG — Mon, 19 Feb 2007 16:44:00 +0000

I think markets will continue to be volatile and range bound and probably will have to look beyond Budget for us to get proper sense as to where the market is heading for

BUDGET AND SENSEX

BIG — Mon, 19 Feb 2007 12:20:00 +0000

I think markets will continue to be volatile and range bound and probably will have to look beyond Budget for us to get proper sense as to where the market is heading for

Gems

BIG — Mon, 19 Feb 2007 12:19:00 +0000

Gitanjali Gems has been a few acquisitions globally to establish their footprint in retail and this is a small acquisition, which is a part of the overall plan. We feel the price target could be upwards of Rs 250-260, which was the earlier price target and it could touch the region of Rs 325-350

GENUINE FBT CONCERNS

BIG — Fri, 16 Feb 2007 16:12:00 +0000

Federation of Indian Chambers of Commerce and Industry, in its pre-budget memorandum, has said that genuine business expenses should be kept outside the purview of FBT.

While the removal of FBT on advertising expenses, expenses on doctor samples and celebrity endorsements are welcome, other genuine sales promotion activities such as providing trial samples to consumers, freebies etc should also be exempt from FBT.

FBT

BIG — Fri, 16 Feb 2007 16:10:00 +0000

Confederation of Indian Industry wants FBT to be removed. But if it is not removed, the chamber wants the government to allow firms the option of paying an additional 1 per cent corporate tax in place of FBT, according to a report published by Business Standard.

sensex dhamaal

BIG — Thu, 15 Feb 2007 16:57:00 +0000

This year end target for the sensex is 16000. By next year this time it should be
above 16500. But if the budget brings in positive structural changes and policy
shifts, this target may be take-off in May 2007. The year end target for the sensex is 16000. By next year this time it should be
above 16500. But if the budget brings in positive structural changes and policy
shifts, this target may be take-off in May 2007. This year end target for the sensex is 16000. By next year this time it should be
above 16500. But if the budget brings in positive structural changes and policy
shifts, this target may be take-off in May 2007. The year end target for the sensex is 16000. By next year this time it should be
above 16500. But if the budget brings in positive structural changes and policy
shifts, this target may be take-off in May 2007.

PETROL PRICE DOWN

BIG — Thu, 15 Feb 2007 16:57:00 +0000

The
Government today swung into action to tame the rising inflation rate, which
stands at a new two-year high.

Close
on the heels RBIs cash reserve ration hike of 50 basis points, the Government
reduced the fuel prices. While petrol rates have been cut by Rs 2, diesel will
cost Re 1 less.

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BIG — Thu, 15 Feb 2007 16:48:00 +0000

undefinedThe year end target for the sensex is 16000. By next year this time it should be
above 16500. But if the budget brings in positive structural changes and policy
shifts, this target may be take-off in May 2007. The year end target for the sensex is 16000. By next year this time it should be
above 16500. But if the budget brings in positive structural changes and policy
shifts, this target may be take-off in May 2007.

SPEL SEMICONDUCTOR

BIG — Thu, 15 Feb 2007 16:42:00 +0000

SPEL SemiConductor is India’s largest one-stop turnkey IC wafer sort, assembly
and test contractor.

With 99.95% yield, 24X7 operations, just-in-time
delivery, and 6-day airport-to-airport turnkey cycle time, SPEL SemiConductor is
the outsourcing partner of choice for chip manufacturers world-wide.