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6 ArticlesBudget2007

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ESOP FBT: An Open Letter to the FM

Dear Mr. Chidambaram, I must request you, sir, to relook at your proposal for Fringe Benefit Tax (FBT) on Employee Stock Options (ESOPs). I have watched you ...

Budget Impact: Tech

Tech companies will be affected by the Budget, but how? Neutral: MAT applies Minimum alternate tax of 11.33% will now be applicable to all tech companies. That ...

Personal Impact: Budget 2007

Neutral: Lower income taxes, increased cess An increase in education cess from 2% to 3% will take income taxes up, but the FM has provided an increase in slab ...

Corporate India impact: Budget 2007

Corporate India gets affected in different ways in Budget 2007. Minor Negative: Hike in Cess Education cess is up to 3% from 2%. While this sounds like a 1% ...

Absent in Budget 2007

One of the biggest positives in Budget 2007 was the lack of negative news that was expected, and did not happen. No “EET” regime I had earlier ...

Budget 2007

The budget is out today and I will be doing a complete analysis on it. I will be posting a number of entries that will provide my views on the budget. Overall, ...