ladies and gentlemen! Its showtime! The most anticipated moment in India’s yearly history has arrived! No, this isn’t about the Miss India contest but the Annual budget. P Chindambaram is all set to unleash a new fury of taxes on us. I wonder will he think of the hovering elections this time and pay some mercy (read: taxes) on us.
Actually, is there any thing left in India which is not highly taxable? Come on, we can have a quick sneak peak as he cant include that still-lucky-enough-to-be untaxed item into his taxable list at such a short notice! Oh yes! I got one! The taxes themselves! They are’nt taxed as yet.
Be ready, because if nothing else, then this budget might see a new dawn in the history of taxation and Chidambaram will impose 13% taxes on our total tax payments including the extra tax on the already high service and value-added tax.
God’s grace be upon us.