No relief to salaried class, and tax reduced for rich, also the collected tax will not be spent for me as I am from so called higher caste. Also those spent on so called lower caste will be eaten away by party person who have no caste.
FM should have given relief to the salaried class and other class whose gross income is below 2 lakh rupees from income tax. Rs. 1000.00 relief is not enough to combat spiral inflation. Efforts should also be made to contain inflation by giving incentive to increase agricultural production. Congress gov is wholly responsible for steep rise in prices of essential commodities of daily use. R. Gupta
it's hightime our top economists like chidambaram,manmohan etc to quit rather than appeasing communists&other political considerations if they are real national bakths Poor budget all round Wanting to squeeze the goose laying golden eggs
Why not introduce a smart Citizen card that serves all/most purpose for all Indian Nationals. All ID cards, Ration Cards, Voter Cards, Travel Cards, PAN Card, Acount/bank cards etc can be merged to one and may be used to track as much transactions and history of individuals for administrative/taxation purposes. One will definitely have to dedicate a large computing power and memory banks for this in a network distributed all around the country. But then its better machines handle things than human. Corruption & Back money can be brought down drastically if not totally. Implement & Train people to do e-buisness, e-transactions, e-traffic,...Why not Think About It & Put Money to do it! May one will make revenue by checking all "black" transactions rather than tax white money!
The tax collection has incresed 42%, but no relief for sincere tax payers from service class. The inflation has gone up, atleast the service class paying huge taxes, should have got some relief, but that's not the case. Its not a good budget.
RE:FM's New Tax Proposal
by G on Feb 28, 2007 01:29 PM
don't make the mistake again to bring Congress in power. Everyone knows whats their vote bank and upto what extent they will go to please their vote bank.
I don't support any political party, But I strongly oppose Congress.
RE:FM's New Tax Proposal
by sunil babu on Feb 28, 2007 01:24 PM
Strangely, that would be a good idea. Lalooji at least knows what's good for the common man.
