Budget 06 was good news in terms of income tax whose rates were untouched by the Finance Minister and the cars are getting cheaper. However going thru the newspapers for the past 2 days, some reports (eg STT ) are depressing. To start with PCs and notebook are set to get costlier with 12% excise being levied. One quick question though if i get a laptop frm US (say) will the excise duty be still levied? Presently one laptop is allowed without any duty. Then u have STT for transaction in Stock Markets....i was dng my homework reading abt stock and stock market.. now this STT has left me confused :( And my favorite topic for the past few days...Transaction Tax in banking. Going by the reports in the newspapers we will have to shell out more money in addition to Rs.30-50 which is levied by bank if money is withdrawn from other banks' ATM. Debit/Credit card transactions will now attract Tax -- which in my view spell doom for the banks as ppl will refrain using plastic money .. at least i will. And to tell u the most ridiculous tax i have read in a report in TOI is there wud be service tax levied if u decide to have ur address changed in the banks' records. Amazed? there is more... This morning read that even requesting for a Cheque Book will attract service tax....I am confused at this point....if i go to bank to get the same, the bank will levy a processing charge and now Service Tax if online banking is used. i have a question...am i taking somebody elses money from the account which bears my name? i just do not understand the logic...seriously do i have to pay to get my own money out frm the bank...then whats the use of keeping money in banks...Here is a tip for Finance Minister...plz levy tax on the interest ppl earn in their Savings Bank Account...i think thats the only thing left now to levy tax on.