ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Union Budget Proposals 1986-87

Union Budget Proposals 1986-87

M P Chitale The Budget for 1986-87 recognises the reality of the Indian situation and, without going back to a regime of high tax rates and multiplicity of controls, makes a few pragmatic changes. The facility of faster depreciation, funding of profits and lowering of the burden of capital gains taxation will help mobility of investible funds. Changes in customs duties have been made with a view to widening the market for indigenous production and removing hurdles created by the liberalised import policy A structural change is being effected in the levy of excise duties by offering a more general facility of deducting excise duty payable on inputs used in the production of excisable goods.

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