and reduce tax. Anybody having more than 10 acres of agricultural land should be taxed in a graded manner. More they produce per unit of land less should be the tax.
Sir, First f all I will aboilsh the post of FM. Second will be to free the INDIANS from all forms of taxes - direct as well as indirect. Third, give everything to the private sector including the PSUs, let them make money while the commonman could enjoy the benefits.
Re: INCOME TAX
by Sheetal Kaur on Feb 22, 2010 11:04 PM Permalink
Even if you get 12 month salary you still lose out 1 months salary. Now think how if you cant figure out then read below.
Every month have 4weeks but every third month have 5 weeks so in a year you loose 4 weeks that is one month's salary, Because every 3rd month you work for 5 weeks and get paid for 4weeks. Unless you are paid at 4weeks interval every month or paid weekly then you should have 13 pay packets or 52 pay packets if paid weekly as it is here in the west.
52 weeks of a year devided by 4 is 13months and not 12 months. 12 months are only calendar months and not financial months.
i feel to curb the capailists., stop the indutries with projects 2k,3k,4k, crores coming to small businesss, alow them in specilises field., i wish to tax them properly, i wish to encourage SSIs which are the back bone of rural employment., curb all subsidies on all fronts., send entrepuners abroad at GOVT cost for professional quality nd for training.,encorage technical skilled labours to start his/her own enterprise with soft loan; give/recognise and finace every industry and support the entruprenures in notgoing bankrupt., dont allow capitalist to rule,, whts the necessary for reliance to sell vegetables,encourage, allow every one come out clean/quality/genine/honest in paying tax,product,service.,, first is education., lets give education to one and all at freee of cost., lets bring smile on every face.,its shameful that a poor dying man wants water then he has to pay and drink.,i feel our country and natural reasources a rich enough for everyone to share and live peacefullyy..
Re: BUDGET; if i am FM
by Girish K on Feb 23, 2010 12:56 AM Permalink
Unfortunately, talking for SSIs has become old-fashioned. Congress and BJP abandoned their cause.
I would have removed the caste based reservations inteh country in te hfield of education and employement and save millions of rupess whichnever reaches the needed people and helps in increase of corruption to get caste certificates and deprive the eligible hardworking so called forward castes from their right ot education.Instead spend that money in developing the infrastructure of the country.Govt has no business to be in Business.It should only be a facilitator and in infrastructure projects where contracts are allowed it should play therole of Quality contraol in more strict and transparent mannerSuspend useless and corrupt people in the Govt offices they are an overhead to the govt Exchequer.reduce the MP and MLA funds they are anyways not reaching the common man.Instead allocate some part of it to the NGOs with proven track record and verify the amounts being spent strictly.Remove that stupid taxes at the airports which are another form of looting the passengers follow the american model instead here.The list goes on it is endless.Atleast if these steps are taken it would invoke confidence in the people
Long Term Capital Gain = 1% Tax Short term = 10% Tax Agriculture Income above 5 Lakh:- 2% Tax Strict regulation for FII and clearity to invest in India Exemption foe Individual:- 2 Lac (Common)
Long Term Capital Gain = 1% Tax Short term = 10% Tax Agriculture Income above 5 Lakh:- 2% Tax Strict regulation for FII and clearity to invest in India Exemption foe Individual:- 2 Lac (Common)
Levy 2% tax on Long Term Tax Levy 1% tax on Agricultural Income Increase Individual Exemption to 2 Lakh Corporate and Service tax unchanged FII should be strictly governed under SEBI Invitation of foreign investment in companied with strict policy not to take away more than 10% profit outside india and to be keep invested for 5 years atleast.
Levy 2% tax on Long Term Tax Levy 1% tax on Agricultural Income Increase Individual Exemption to 2 Lakh Corporate and Service tax unchanged FII should be strictly governed under SEBI Invitation of foreign investment in companied with strict policy not to take away more than 10% profit outside india and to be keep invested for 5 years atleast.
Levy 2% tax on Long Term Tax Levy 1% tax on Agricultural Income Increase Individual Exemption to 2 Lakh Corporate and Service tax unchanged FII should be strictly governed under SEBI Invitation of foreign investment in companied with strict policy not to take away more than 10% profit outside india and to be keep invested for 5 years atleast.
