Monday, July 6, 2009

With the global slowdown, every sector is trying to get some benefit out of this Budget

Will the FBT go?

Corporates would be happy to see the end of the levy of surcharge and cess, in the forthcoming Budget, says Mr Jayant Jain, Executive Director, Tax & Regulatory Services, PricewaterhouseCoopers Pvt Ltd, Chennai ( http://www.pwc.com/ ). “While the surcharge and cess were introduced for specific purposes, unfortunately, once introduced, the Ministry is reluctant to remove them,” he adds, during a recent email interaction with Business Line.

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