Positives
- Excise on small cars, hybrid cars, and buses and chassis reduced, making them cheaper
- No increase in peak customs duty
- Incentives for setting up hospitals in small towns
- Steps taken to ease fringe
benefit tax - Banking cash transaction tax to be withdrawn
Negatives
- No reduction in corporate income tax and surcharge
- Securities transaction tax to be applicable on commodities trading
- Tax on short-term capital gains increased from 10 per cent to 15 per cent
- Brokerage houses and stock exhanges brought within the ambit of service tax
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