Hi, Most of the People talk about tax reforms and tax slab rates, why is it that tax rebate given on Travel Allowance of 800 INR, which is for many years for now is not touched, Cities are groing, Petrol, Bus Fares are up and people who commute to the office and home, really need this to go up or else better take it of completely. Please Let talk about this atleast this time. I Hope Chidambaram see soem light into this.
The article speaks very little about Mr. P Chidambarams "Dream Budget", whose highlights are more about the systematic road-map indicated in his budget speech than the reduction in the Corporate Tax Rates. This road-map (not only the road map for capital account convertibility but I am talking about the road map for fiscal discipline) coupled with his plans for periodic reporting of the actual performances vis-a-vis the budget figures bring out the best reform course ever seen in India.
