July 07, 2009

Wealthy status - Far fetched

'Alm Aadmi' ka budget was finally out and people across the standards, sector and lifestyle were waiting for PranabDa with bated breath. He covered but one thing that caught my attention is wealth tax will be applicable for those with cumulative wealth of more than Rs 30 lacs @ 1% on every 1 lac above the Rs 30 lac limit from Apr 1, 2010. This limit till now was Rs 15 lac. To me if you want to be called "wealthy" the limit just got stretched so would you.

1 comment:

  1. Hi, Really great effort. Everyone must read this article. Thanks for sharing.

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