Sunday, September 2, 2007

There is a need to enhance investment in the infrastructure sector

Continue weighted deduction for research & development

What is going to be the direction of the forthcoming Budget? "Moderate taxes, better tax administration, fewer tax exemptions and widened tax base," foresees Mr Ashesh Safi, Director, Deloitte Haskins & Sells, Mumbai. "There are certain tax exemptions which are expiring on March 31, 2007. It needs to be seen whether such exemptions are extended for a further period," he says, in an interaction with Business Line.
Here's more from Mr Safi, on what to expect from the Budget 2007.

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