» Afternoon – Budget 2010
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Afternoon – Budget 2010

Bry-Air | Afternoon | Budget 2010 | February 27, 2010

“Overall, it seems to be a positive budget, though one will have to study in depth to realize the actual impact. The reduction in Personal Income tax will give some relief to a large group of salaried people. As a corporate, the reduction in surcharge for Corporate Tax form 10% to 7.5% is welcome. The increase in MAT to 18% will discourage investment. The increase of weighted deduction from 150% to 200% of in house R&D investment is welcome. This will encourage innovation.”

Deepak Pahwa
CMD, Pahwa Enterprise

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