Budget was on expected lines: Arun Ganapathy

The fact that impact of demonetisation will not spill over to the next year augur well for industry

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Arun Ganapathy, CFO, Spykar Lifestyle

BS B2B Bureau

Last Updated : Feb 02 2017 | 10:26 AM IST

Budget announcement by Finance Minister for the financial year 2017-18 was on expected lines. As anticipated, the reduction of personal income tax would increase the disposable income in the hands of individuals.

As mentioned by the Finance Minister, about 96 percent of individuals have an income of less than Rs 5 lakhs and they tend to gain on reduction in income tax rate for income upto Rs 5 lakhs. Also, there were no changes in the indirect taxes as expected by us, though there were some expectations in the market that there would be a change in service tax.

Demonetisation has impacted

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