What surprises do we have in store from Budget 2020?

You do remember the saying right? If you want to make everyone happy, you must sell ice-creams. Same goes by with our Central Budgets each year. Well, budget is something that no house can bypass without having its own ups and downs. Even with the best budget, there will be some nooks and corners that will be left imperfect and many parties involved who will be left disappointed. So, keeping these arguments aside, lets dwell into the aspect of what benefits can we look forward to?

The Central Budget 2020 was released in the Parliament by Finance Minister Nirmala Sitaraman on Saturday. Agriculture Industry was given utmost importance in order to bring the prices down from inflation.

Increased:

• Automobile Spare Parts Tax is increased

• Cigarette Tax is increased

• Excise duty on Footwear and Furniture is increased

• 5% increase on Medical Equipment

• Kitchen items Tax is increased

• Soya Fiber Protein

Decreased:

• Electronic Vehicles Tax is decreased

• Mobile Phone Spare Parts Tax is decreased

• Print Ink imported from abroad for News Papers