Feb 28, 2005

The Indian Budget for 05-06



The Union Finance Minister, P Chidambaram, unveiled the annual budget and the highlights have been tax reforms and focus on infrastructure of 7 major cities and increased rural focus.

NDTV has an interesting wrap.

One of the things the urban business crowd is going to hotly debate is the slapping of a 0.1% withdrawal tax if Rs. 10000 or more is withdrawn from banks/ATM in a single day. In effect, one gets taxed for withdrawing one's money on which one has already paid tax!

More stories on the budget:

From Moneycontrol.com, and Business Standard