most people avail housing loans inview of TAx benifits If this exemption cancells then most of them to shed additional tax on 2.5lacs that is 25000 per year or 2500 per month . Let us asume a person earning 32000 and spend 20000 on having 12000 addition of 2500 taxes a burden to him he is having 9500 in this amount staying in mubai or in any small city is very difficult so this consideration to be continued in case of salaried person as tax exemption.
most people avail housing loans inview of TAx benifits If this exemption cancells then most of them to shed additional tax on 2.5lacs that is 25000 per year or 2500 per month . Let us asume a person earning 32000 and spend 20000 on having 12000 addition of 2500 taxes a burden to him he is having 9500 in this amount staying in mubai or in any small city is very difficult so this consideration to be continued in case of salaried person as tax exemption.
Same old story on rediff ..one more year....and all other rediff and all sites..Budget approaching and Middle Class is asked for query so FM can be approached...waste of time, I can mention this stuff including my blog as a industrial waste...as any request to FM to rescue Middle Class will not get to ears of FM.All the goverments so far takes the sweat away..but the current goverments reforms squeezes blood too along with sweat..what more propose...again see you all next year for more industrial waste blogs falling on deaf ears
Day by day the cost of loving even from rural areas is also growing at a very higher rates. And our govts are still thinking like in 1980s, when it comes to saving/giving money for public. But when it comes for price hikes like public transportation/registration charges/fuel they will use all latest international jargon. They should think India is not a developed nation and here most of the ppopulations is from middle class. They should represent their thoughts and interests and not from the ones who sit in AC rooms. (most of the time.)
AT PRESENT 10% TAX IS CHARGED ON SHORT TERM GAINS OF SHARE TRADING. AS MANY SMALL INVESTORS HAVE LOST HEAVELY LAST YEAR AND AFRAID TO TRADE WITH WHATER EVER LEFT WITH THEM IT IS REQUESTED TO REDUCE THIS SHORT TERM GAIN TAX TO 5% INSTEAD OF 10% WHICH WILL BRING BACK SMALL INVESTORS.
HOPE THE FINANCE MINISTER WILL TAKE A VE VIEW ON THIS
AT PRESENT 10% TAX IS CHARGED ON SHORT TERM GAINS OF SHARE TRADING. AS MANY SMALL INVESTORS HAVE LOST HEAVELY LAST YEAR AND AFRAID TO TRADE WITH WHATER EVER LEFT WITH THEM IT IS REQUESTED TO REDUCE THIS SHORT TERM GAIN TAX TO 5% INSTEAD OF 10% WHICH WILL BRING BACK SMALL INVESTORS.
HOPE THE FINANCE MINISTER WILL TAKE A VE VIEW ON THIS
AT PRESENT 10% TAX IS CHARGED ON SHORT TERM GAINS OF SHARE TRADING. AS MANY SMALL INVESTORS HAVE LOST HEAVELY LAST YEAR AND AFRAID TO TRADE WITH WHATER EVER LEFT WITH THEM IT IS REQUESTED TO REDUCE THIS SHORT TERM GAIN TAX TO 5% INSTEAD OF 10% WHICH WILL BRING BACK SMALL INVESTORS.
HOPE THE FINANCE MINISTER WILL TAKE A VE VIEW ON THIS
I feel that government is not doing a good job for generating revenues from Income Tax. Govt. is impossing more taxes on Salaried person who are paying their taxes honestly. Salaried person has no option to skip from this but businessmen who can do all kind of stuff like "do number ka kaam", showing loss in the business in many ways (which may be wrong in many cases). In such cases, Govt. is not doing their job honestly to find out the correctness of the returns filed by Businessmen. This is very ridiculous.
The tax slab should be relaxing for COMMON man of India (specifically for SALARIED person) because he has nothing to get after he is retired. There is not help from the government to such people who has paid their Tax honestly for such a long time say 25-30 years). After getting retired the salaried people do not have sufficient capital/savings or support to live their life in similar way they were living during their working period.
Government should be SHAMEFUL of applying tax on the amount a person is getting on his/her PPF SAVINGS.
