The Central Government of India unveils its Annual
Budget every year in the month of February or
March. This budget affects all the citizens of the
country in one way or other. The budget 2008 has
been unveiled on 29th February 2008 and the
Government has proposed many changes in the
rates of taxes and duties. All of us should learn
about the budget and how it affects us by reading
specific articles in the newspapers or in tax books
sold in the shops. Even a child who has taxable
income has to pay income tax to the government.
All the members of Adyar Gopal Parivar might be affected by
Budget 2008.
(March 2008)
Adyar Gopal Parivar
Budget 2008
By Mohan Shenoy
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Paying taxes is a way to create our documents
of life. One who pays taxes, even a few hundred
rupees can create a document for
himself/herself so that he will have a right to
spend money without any fear. He/she can also
keep away from bad habits which he/she
acquires by trying to spend black money. Black
money is income for which tax is not paid. The
major bad habits a person acquires with black
money are alcoholism, drug addiction,
debauchery, horse racing gambling, paying
bribes,and getting illegal work done.

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