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TAX SYSTEM -- structure of tax
by VINOD GANGWANI on Feb 03, 2010 06:42 PM  Permalink 

Please make income tax act simpler n taxing on income sholud be minimum as govt is implementing gst personal income tax should be actually abolished but as such govt is in no mood to do this they should minimise it to it lowest it can.
sir kindly on behalf of people of india u should stand for this to be done as otherwise there is double , triple taxation which indirectly effects pockects of major part of people n inflation also.
personal tax should be as :
upto 500000 - nil
upto 2500000 - 10 %
above that - 20 %

and sir please kindly take note of short term and long term capital gain tax which should be reduced to a maximum of 5% only

if income tax system is made simpler and tax structure to its minimum ther would be a huge turnout in number of it return which will indirectly push r gdp and clear lock houses of blac money n give our country a true picture of finances which hav manyfold effects on the economy of our nation.

one more thing sir the inspector raaj should also be abolished and no scruting or survey or raid should be allowed as it attracts cooruption in the system allow self assesment by increasing tax structure n pressing on gst so as to kick out black money

we wish this could be done as soon as possible

god bless




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Tax rebate on conveyance
by sudhakar B on Feb 03, 2010 06:42 PM  Permalink 

Dear Sir,
The conveyance allowance eligible for income tax deduction is just Rs 800 for so many years. Please increase the conveyance allowance so that the common man can commute comfortably to his/her work place.

Thanks
Sudhakar


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Re: Make UID Fast and Perfect
by E darwin on Feb 03, 2010 06:39 PM  Permalink  | Hide replies

carry twenty cards,

ration card, passport, PAN card, election card, driver license card...

ADD health card and an sex determination card.

friking idiots, ape and copy anything...

look at the aping of OVERPRINTING OF CURRNECY = growth policy from BJP
IS DOING TO INDIAN ECONOMY

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Re: Re: Make UID Fast and Perfect
by E darwin on Feb 03, 2010 06:39 PM  Permalink
add bank cards to it as welll anymore wild imagination...that does no good.

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Link thge UID to all the finacial transaction
by bhagya bhagya on Feb 03, 2010 06:30 PM  Permalink 

Dear Sir,
1. Please make the mandatory to link th UID with aal the finacial trasanction.
2. Above 10K transaction make mandatory the pay by Check or Credit/debit card.
3. Put a cap on cach withdrawl only upto 10K so if ppl will not have big money in hand it will be dificult to gove bribe.

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Link thge UID to all the finacial transaction
by bhagya bhagya on Feb 03, 2010 06:30 PM  Permalink 

Dear Sir,
1. Please make the mandatory to link th UID with aal the finacial trasanction.
2. Above 10K transaction make mandatory the pay by Check or Credit/debit card.
3. Put a cap on cach withdrawl only upto 10K so if ppl will not have big money in hand it will be dificult to gove bribe.

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Link thge UID to all the finacial transaction
by bhagya bhagya on Feb 03, 2010 06:30 PM  Permalink 

Dear Sir,
1. Please make the mandatory to link th UID with aal the finacial trasanction.
2. Above 10K transaction make mandatory the pay by Check or Credit/debit card.
3. Put a cap on cach withdrawl only upto 10K so if ppl will not have big money in hand it will be dificult to gove bribe.

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Link thge UID to all the finacial transaction
by bhagya bhagya on Feb 03, 2010 06:29 PM  Permalink 

Dear Sir,
1. Please make the mandatory to link th UID with aal the finacial trasanction.
2. Above 10K transaction make mandatory the pay by Check or Credit/debit card.
3. Put a cap on cach withdrawl only upto 10K so if ppl will not have big money in hand it will be dificult to gove bribe.

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Make UID Fast and Perfect
by murki suresh on Feb 03, 2010 06:12 PM  Permalink  | Hide replies

Please make UID cards system implemented fast as decided for all citizens and foreign nationals in India with IRIS SCAN, FINGER PRINTS and FACE PHOTO.

Mandatorily attach all bank accounts, land/ property ownerships, vehicles ownerships etc... to this UID Numbers to know who is earning what and who is really poor ...

The above process will ensure real poor to get full benifits of the govt schemes.

Because in most of the areas you can find people with lot of bank balance, land, houses are fleecing govt befits ment for poor.

God bless India.

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Re: Make UID Fast and Perfect
by E darwin on Feb 03, 2010 06:37 PM  Permalink
carry twenty cards,

ration card, passport, PAN card, election card, driver license card...

friking idiots, ape and copy anything...

look at the aping of OVERPRINTING OF CURRNECY IS DOING TO INDIAN ECONOMY.

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Make UID Fast and Perfect
by murki suresh on Feb 03, 2010 06:11 PM  Permalink 

Please make UID cards system implemented fast as decided for all citizens and foreign nationals in India with IRIS SCAN, FINGER PRINTS and FACE PHOTO.

Mandatorily attach all bank accounts, land/ property ownerships, vehicles ownerships etc... to this UID Numbers to know who is earning what and who is really poor ...

The above process will ensure real poor to get full benifits of the govt schemes.

Because in most of the areas you can find people with lot of bank balance, land, houses are fleecing govt befits ment for poor.

God bless India.

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Needs to consider number of dependents for assessing tax
by Jijeesh on Feb 03, 2010 05:41 PM  Permalink 

Now it is time to consider number of dependents for assessing tax. This is being a important factor in most of the coutries while assessing tax of a individual.

It is not reasonable to collect same tax amount from a person who has 3-4 dependants and a bachelor. It more over helps our country to take care of elders or parents for sake of tax savings :) (in some extent)

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