What's gone up and down :Union Budget 2012-13

Ups and Downs of Union Budget 2012-13

Here is the bullet point list where you can find out what's gone up due to tax rate hike and what's gone down due to tax rate reduction after the Union Budget presentation for 2012-13 by Finance Minister Pranab Mukherjee on Friday, 16 March 2012 11:00 Am. . .

WHAT’S GOING UP

      #      Consumer Electronics product like Air-conditioners (ACs) , Refrigerators, Washing machine and Microwave ovens

      #      Gold, Platinum, Diamond, Emerald and Ruby Jewellery

      #      Large Luxury cars

      #      Sport Utility Vehicles ( SUVs )

      #      Air travel

      #      Cigarettes

      #      Hand-rolled Bidis (Beedies)

      #      Eating out at restaurants

      #      Hotel Accommodation

      #      Imported bicycles

      #      Branded retail garments

      #      Telephone bills

WHAT’S GOING DOWN

     #      Cancer and HIV drugs

     #      Cinema and films

     #      Branded silver jewellery

     #      LCDs and LEDs

     #      Energy Saving Lamps / Solar Power Lamps and LED Bulbs

     #      Iodised salt

     #      Soya Products
      #      LPG

     #      LNG  - Natural gas

     #      Automated Shuttle Looms

     #      Import of Aircraft Parts

     #      Mobile phones

     #      Imported Equipment for Road Construction Projects

     #    \ School education

     #      Housing society charges

     #      Uranium for generation of electricity

     #      Iron ore equipment

     #      Match boxes

Let’s discuss later these tax rate hikes (costlier) & reductions (cheaper) in detail in the next post for your further study.

Also, you can see the highlights & key features of Indian Union Budget 2012-13 in coming post.

Categories: Personal Financial Planning, Tax Planning, Union Budget