Union Budget 2013-14 Effects -
1)Train fare
2) Car & bike insurance
Insurance of car and bike will be expensive by 20% from April 1 onwards.
3)Luxury houses
Luxury homes would become more expensive from Monday after the Budget 2013 reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75% earlier
4)Eating out in AC restaurants
The foodies should get ready to shell out more as eating out in air-conditioned restaurants will be expensive from April 1. This is an after effect of the Union budget that had proposed to levy a service tax of 12% on all AC restaurants over and above the applicable VAT.
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