Pre-Budget expectation 2015-16 by Mr. Gopal Pansari, Director at Savera Marketing Agency Pvt Ltd.
We expect that Government will balance out the Businesses of the fast growing e-commerce Industry and physical retail industry either by introducing the additional tax benefits to physical retail Industries or study & control the deep discount offered on flash online sales,(i.e. whether such deep discounts constitute predatory pricing). The purchasing power of the individual can directly be enhanced by increasing the minimum Income tax exemption limit of Individuals from Current limit of Rs. 2.5 lacs to at least Rs. 3.50 lacs. The discussion for the implementation of GST must reach to its final stage & clear Road Map to be put so that the GST will be implemented from 01.04.2016. This will indirectly resolve the multi tax complications at state levels. Infrastructure is the backbone of any growing economy; we expect that the same will be taken care at a Mass Scale.
