“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
