Union Budget New Lines and Old Ways

Union Budget: New Lines and Old Ways Bhabhatosh Datta The most important features in the budget this year are not the tax proposals, but the provisions regarding investment allowance, fiscal concessions to small industries 'going to rural areas and to large industries spending money on rural development, the tax rebates for the use of knowhow developed in India, special tax advantages for healthy industrial units taking over sick ones and the widening of the exemption from the capital gains lax.