Almost every law i9s nade in such a manner theat there is ambiguity or clauses which allow the bureaucrats to interpret and interfere. All rules whether in IT, Excise or Customs should be clear for anyone to interpret - both the enforcers and the public to follow. I am saying this with experience when VP SIngh was FM, when he made the rules and laws so easy to interpret that even a junior officer to put up the file for the Deputy Serc to clear the file. Also put time limits within which the bureaucrats have to reply to any application. Computerise all applications and the stages thru which it has to pass and anyone should be able to know where the file is stuck and the officer made responsible. If all this done, where can the bureaucrat make money or the clerk or the MInister. I have dealt with the Govt depts without paying a single paise as bribe and got results.
First of all FM should declare publicly in his budget speech that he is committed to remove corruption and that he has the support of PM and Congress Chairperson.Rest can follow.
Use technology to remove the barriers and to infuse transperancy. Currently India lags behind, very much behind, out source the govermental work to private sector - MNC or Indian companies of repute, otherwise the other "fishy" are no different from govt sector.
Please stop issuing TDS exemption certificates or issue it after due scrutiny of the persons mainly to those individuals having commission / brokrage income. They are misusing it. I have seen individuals getting more than Rs.10 lac as commission but enjoying nil or very low exempted rate of TDS on basis of fictitious business expenses. Whereas the salaried class on an average pays about 10 to 12% of income as tax. Withdrawing the TDS exemption facility will result in reduced black money, reduced inequality of income,more tax to the government.
Secondly, the govenment should gear up its machinery in form of Social security and labour welfare measures mainly PF and ESI and make them compulsory for all. Education should also to be linked to these measures in order to provide more benefit to all concerned.
Re: INCOME TAX
by Atis Mitra on Feb 20, 2010 03:43 PM Permalink
The whole system of financial science is a fraudulant subject-only luring people to look for more like lottery with some efforts
Please stop issuing TDS exemption certificates or issue it after due scrutiny of the persons mainly to those individuals having commission / brokrage income. They are misusing it. I have seen individuals getting more than Rs.10 lac as commission but enjoying nil or very low exempted rate of TDS on basis of fictitious business expenses. Whereas the salaried class on an average pays about 10 to 12% of income as tax. Withdrawing the TDS exemption facility will result in reduced black money, reduced inequality of income,more tax to the government.
Secondly, the govenment should gear up its machinery in form of Social security and labour welfare measures mainly PF and ESI and make them compulsory for all. Education should also to be linked to these measures in order to provide more benefit to all concerned.
Please stop issuing TDS exemption certificates or issue it after due scrutiny of the persons mainly to those individuals having commission / brokrage income. They are misusing it. I have seen individuals getting more than Rs.10 lac as commission but enjoying nil or very low exempted rate of TDS on basis of fictitious business expenses. Whereas the salaried class on an average pays about 10 to 12% of income as tax. Withdrawing the TDS exemption facility will result in reduced black money, reduced inequality of income,more tax to the government.
Secondly, the govenment should gear up its machinery in form of Social security and labour welfare measures mainly PF and ESI and make them compulsory for all. Education should also to be linked to these measures in order to provide more benefit to all concerned.
Please stop issuing TDS exemption certificates or issue it after due scrutiny of the persons mainly to those individuals having commission / brokrage income. They are misusing it. I have seen individuals getting more than Rs.10 lac as commission but enjoying nil or very low exempted rate of TDS on basis of fictitious business expenses. Whereas the salaried class on an average pays about 10 to 12% of income as tax. Withdrawing the TDS exemption facility will result in reduced black money, reduced inequality of income,more tax to the government.
Secondly, the govenment should gear up its machinery in form of Social security and labour welfare measures mainly PF and ESI and make them compulsory for all. Education should also to be linked to these measures in order to provide more benefit to all concerned.
As stated recession is over, is not correct. Worst recession has not yet hit India. The worst is behind us is absolutely correct. The worst is going to happen. Each state is affected very badly like maoist problem, telangana issue, terrorism etc etc. Corruption is gaining momentum - every body wants money. All those who advocate stringent action to control corrution cannot happen. In our country when there is no punishment for murder what after all corruption takes place. There are many instances where when the raids were published in the papers the concerned officials have come back to work within six months. These officials are Reserved candidates in service or belong to minority. The OC candidates are the real sufferers. Corruption has to attain its peak then only people can find a solution to the menace. Govt cannot and will not find any solution because if coruuption is not there Govt will not be there. The recent price rise of cereals, pulses, vegitables, sugar is an ample proof of existence of corruption. The effect of recession is clearly seen in the infra sector as there are no takers for new housing even at drastically reduced prices. BUDGET:- Govt has not done anything in the last 20 years in the Budget except Income Tax, Sales Tax, Excise in a minimum way. Because petrol and Diesel prices automatically control the economy. The Govt has to put its mind in making the Law i.e., IT, ST, EXCISE, etc easier than the present complicated ones.
