Budget 2009 : My Wishlist

Annual budget for 2009 -2010 fiscal year will be presented on 16th Feb 2009 by our finance minister. Well I wish these are things which can be included in our 2009 budget too

Expecting tax/price cuts for this categories

1. Computers and its peripheral devices, as it will encourage online transactions and shopping. 
2. CFL lights , as it will save electricity.
3. Ticket price for public transport system.
4. For companies who have atleast 25 % of their power consumption through solar energy .
5. Broadband charges for all rural sectors.
6. Green leafy vegetables and fruits.
7. Educational books.
8. CNG fuel.
9. Shops which provide ample parking space.
10. Medicines for major diseases.
11. Sports goods , which requires physical exercise.

Expecting tax/price hike for this categories

1. Two & three wheelers.
2. Junk food.
3. Soft & hard drinks.
4. Five star restraurants and lounges .
5. Cigarettes and cigars.
6. Electricity charges for shopping malls, multiplex and hoardings.
7. Branded clothes.
8. Game CD's and DVD's
9. Shops which do not provide ample parking space.
   
10. High end electronic items.

Well comments are welcome ........

Tax Planning India :FY 2009

End of Financial / Fiscal year is round the corner again and as usual we are suppossed to complete the tax planning as well as the investments well before 31 st March 2009 .You need to think about tax investments if you taxable annual salary is more than 1.5 lakhs for males and 1.8lakhs  for females.  Here are few tips which should be kept in mind before investment in any products . 

1. Never invest the entire amount in a single product / bank.
2. Check the past track on the product / bank.
3. Never give cash to the agents , always prefer cheque instead in the of the organisation / bank.
4. Compare all available bank / products before making any choice. (Can be done online too)
5. Make sure the entire processing is completed atleast 1 week before 31 st march , as cheques proceeded after 31 st march will not be eligible for tax benefit.
6. Always ask for the lock in period , this is the period before which u cannot get your money back.
7. Make sure you dont only look at the rate of returns , consider all the factors before making a choice.
8. Remember , Higher Returns - Higher Risks.
9. Make sure you get back all the necessary reciepts too .
10. If you need to submit any of your documents , make sure you sign it and mention the purpose for which you have given the document. (So that your details are not misused)

And regarding the various options for availing the benefit for section 80 c please refer my previous post. You can also pay your taxes online through the Income tax of India's official website. For you reference the income tax departments online payment is given below.

Department of Income Tax of India

Feel free to write your queries . (Click the comment link below to post your query)

Hyderabad: Fuel Price @ 01 Feb 2009

After this reductions the price of fuel as on 1 st February 2009 are 

Current price of petrol now in city of Hyderabad is 45.56 rupees 

Current price of Diesel now in city of Hyderabad is 33.90 rupees

Finally government has announced another cut in the fuel prices after much deliberation , opposition parties term this reduction as just a political gimmick in order to attract people towards UPA government. 

This has brought much relief to all the citizens of India , now every one expects prices of all basic commodities will be on downward slide . Now the common expects that government should reduce the sales tax and other taxes on the fuel prices , which will furhter reduce the burden of Aam Aadmi .

If government can't reduce the fuel prices further due to prices losses to the oil companies , should they atleast reduces the sales taxes and other taxes on fuel ?????

Do write your comments 

Sania / Bhupati : Australian Open Mixed Doubles 2009 Winners

Sania Mirza , the hyderabad hurricane along with Mahesh Bhupathi have clinched the Australian Open Mixed Doubles 2009 title with 6-3 , 6- 1 win over the French and Israeli pair of Nathalie Dechy and Andy Ram .

This was the secong time when they have reached the mixed doubles final , the only difference this year is that they have won it this time. This was the celebration time specially down here at Hyderabad and the entire India , were most of the Hyderabadi' were glued to there tv sets to get the latest . 

This victory was the reply to all her crtics who claimed that she can never go beyond second round in her entire career. We hope that Sania Mriza will very soon win more grand slams and make all Hyderabadi's and Indian's more proud .