RE:Inheritance tax
by binil balakrishnan on Mar 02, 2007 03:25 PM Permalink
Don't talk stupidity. Learning some thing from some where and trying to show others that you know about this. Already people are paying their hard earned money as taxes which is eaten by the politicians. That is more than enough.
FM is thinking to generate the fund for the government.The developing country need lot of excemption.This congress led govt says we are going to control the inflation.But they not identified way to controls the inflation.Without rural development how it is possible to attain immense strength like US.Because our country mainly based on Agriculture and its related fields.This Harvard student not intrested to focus on agriculture as a growth area.I would like to remember the BJP was saying 'India is Shining'.That was day dream.Now this man says this budget was prefered for the long sight.Now we are loosing the eyes.But he feels about long sight.
A great move to foresee the un-laid....The benefits of entire growth needs to be distributed among all the citizens of India... which is wisely carved in this budget... We can easily see that the common man of the country could best of out this.... and not the heavily paid professionals... I think the taxation still is evolving in our country....
1. Service Tax on Cinema Tickets in addition to the Ent. tax (After all it is also a Service!). 2. Service Tax on Festival Celebrations & Temples collections. 3. VAT on Pan-Bidi Shops who are exceeding the T.O. of 8 Lakhs (Many are believe me!!). 4. Capital Gains Tax on gambling during Diwali season. 5. Fringe Benfit Tax on the employee for Tea/Snacks & Lumch served during the day. 6. Service Tax on RTI charges. 7. Service Tax on Traffic Challans. 8. A new Tax called "Capital Withholding Tax" wherein you Tax all the Capital Assets held by an individual/Company @ 0.01%. 9. Service Tax on School/College Fees. 10. Lastly Excise Duty on producing Babies!
RE:Some New Taxes for the FM-Mr. P.C. to Ponder !
by RR Parida on Mar 02, 2007 03:14 PM Permalink
wonderful suggestions. They will bring a lot of money
RE:Some New Taxes for the FM-Mr. P.C. to Ponder !
by chandra sekhar on Mar 02, 2007 04:07 PM Permalink
Why not taxing for growth of hair and also hair-cutting? Is it hair-splitting....tax ideas shouldn't be foolish.
RE:Some New Taxes for the FM-Mr. P.C. to Ponder !
by xavier michael on Mar 02, 2007 03:27 PM Permalink
service tax on inhaling polluted oxygen (every member of indian citizen is customer) this will bring lot of income without any investment. inflation go down immediatey
RE:Some New Taxes for the FM-Mr. P.C. to Ponder !
by venkitachalam kadayam on Mar 04, 2007 06:42 PM Permalink
A very nice Tax list to ponder for FM why not a tax for living in this world.
RE:Some New Taxes for the FM-Mr. P.C. to Ponder !
by harit mehrotra on Mar 02, 2007 03:18 PM Permalink
dont give ideas dude. Mr FM might consider these
to please somebody, you have to displease somebody. FM cannot make the entire populace happy at a time. This can be done step by step. The bduget is framed out by a core committee, may be under the leadership of FM, where government policies are ought to be taken care of.
RE:Budget
by senthil kumar on Mar 02, 2007 03:20 PM Permalink
Mr.Ramachandran,your thinking is wrong.If you think,you can.If you have mind,always path open for growth.I agree its tough one to satisfy all the people.But as a minister you should have the capability to convert all the negative into positive aspects.For instance,Lalu.How many Railway minister we saw in the past.This lalu not came from any other countries.How he changed the railway dept is 20000 crore profit.Now opposite party also praise him.
RE:RE:Budget
by chandra sekhar on Mar 02, 2007 04:12 PM Permalink
Exactly. What Mr Manmohan Singh did 15 years back as FM, should be pondered over by Chidambaram. It is surprising that the economist PM has a lawyer as his FM, who cannot stimulate the economy either with policy directions or clamp down on raising prices. Even Punjab loss failed to move the government in curbing price rise. The bad budget has only reflected in immediate hike of cement prices. Time for Sonia Gandhi to boot out PC, who is infected with viruses.
After disposing a house, I have bought a flat in Gurgaon with the housing loan from ICICI bank. It is only transfer of the name through the society from which I have bought the flat. Am I eligible for the deduction of the principal and the interest payable to the bank for incometax purposes.
RE:what about staying in quarters provided by employer
by Amitabh on Mar 03, 2007 02:18 AM Permalink
If the accommodation provided is taken on rent by the emplyer,the taxable value of perks will be 20% of salary or rent paid by emplyer,whichever is lower reduced by the amount,if any,paid by the emplyee as rent.In case the accommodation is owned by the employer,the taxable value of perks will be 20% of emplyee's salary as reduced by the rent,if any,paid by the emplyee.Salary for this purpose includes,basic salary,bonus and all allowances received in cash,to the extent they are taxable.However,if the population of the city where accommodation is provided is less than 4 lacs,the figure of 20% will be read as 15%
It was expected by salaried persons that the income-tax rates and lower limit and rebates will change. But we are taxed as previously . so it is not a welcome budget for us.
I can't understand why inspite of the fact that we pay such heavy taxes that the government is making our life miserable. These are times when I hate to call myself an Indian. Mr Chidambaram, your budget was not only mediocre but also smirked og mental and intellectual bankruptcy, like the Congress gvernments policies all these years.
