I would request you to increase the Income Tax slab from the present limit of Rs 1.6 lakhs to 2 lakhs. Also the amount available for deduction u/s 80C should be enhance to Rs 1.5 lakhs from the next financial year. This will enable the common man to save the burden of tax and to beat the inflation.
Dear Sir, I am a common middle class indian, I run from paying tax and will give you 100 excuses to reduce tax but somewhere in my heart i know i am not honest. Like we need money to run our home in same way you need money to run country. So please increase taxes so that this country can be run in a better way. But would request you to take some measures like 1) stop quota system give facility to poor not to the person who have quota certificate and not willing to pay. 2) Make the officials more accountable and responsible 3) Give the IAS lobby only that much work which they can do, personal feeling is that they are overburdened and have many responsibilities so they end up doing nothing and hence are accountable. 4) Increase salaries of govt employees, much enough that they don't have to ask for bribe and then put strict punishment on bribing like issues (like corporate do) 5)Make the people feel the worth of taxes they pay. 6) Stress on building quality education system then qunatity education system (i.e happening in our country) 7) don't handover Govt departments to corporate because govt is unable to handle rather improve the management structure. 8) Earlier you made india free econmy so that investors should come to india now it is the time to increase taxes from outside investment so that we can earn from them. Here space is limited so i can write that much only. rest i will explain only if get a chance. Sir , we hope a lot from you.JAI HIND
Dear Sir, I am a common middle class indian, I run from paying tax and will give you 100 excuses to reduce tax but somewhere in my heart i know i am not honest. Like we need money to run our home in same way you need money to run country. So please increase taxes so that this country can be run in a better way. But would request you to take some measures like 1) stop quota system give facility to poor not to the person who have quota certificate and not willing to pay. 2) Make the officials more accountable and responsible 3) Give the IAS lobby only that much work which they can do, personal feeling is that they are overburdened and have many responsibilities so they end up doing nothing and hence are accountable. 4) Increase salaries of govt employees, much enough that they don't have to ask for bribe and then put strict punishment on bribing like issues (like corporate do) 5)Make the people feel the worth of taxes they pay. 6) Stress on building quality education system then qunatity education system (i.e happening in our country) 7) don't handover Govt departments to corporate because govt is unable to handle rather improve the management structure. 8) Earlier you made india free econmy so that investors should come to india now it is the time to increase taxes from outside investment so that we can earn from them. Here space is limited so i can write that much only. rest i will explain only if get a chance. Sir , we hope a lot from you.JAI HIND
Dear Sir, I am a common middle class indian, I run from paying tax and will give you 100 excuses to reduce tax but somewhere in my heart i know i am not honest. Like we need money to run our home in same way you need money to run country. So please increase taxes so that this country can be run in a better way. But would request you to take some measures like 1) stop quota system give facility to poor not to the person who have quota certificate and not willing to pay. 2) Make the officials more accountable and responsible 3) Give the IAS lobby only that much work which they can do, personal feeling is that they are overburdened and have many responsibilities so they end up doing nothing and hence are accountable. 4) Increase salaries of govt employees, much enough that they don't have to ask for bribe and then put strict punishment on bribing like issues (like corporate do) 5)Make the people feel the worth of taxes they pay. 6) Stress on building quality education system then qunatity education system (i.e happening in our country) 7) don't handover Govt departments to corporate because govt is unable to handle rather improve the management structure. 8) Earlier you made india free econmy so that investors should come to india now it is the time to increase taxes from outside investment so that we can earn from them. Here space is limited so i can write that much only. rest i will explain only if get a chance. Sir , we hope a lot from you.JAI HIND
What tax benefits? The Govt is already planning to increase the prices of petrol/diesel and LPG. That will be enough to push up the prices of all commodities once again. How much of compensation will the FM give in the IT Rebate? Another Rs 10,000/- a year - meaning IT Benefit of Rs 100 to 200/year?
If the Govt is serious, they should bring in IT based on the CPI.
Respected Sir, Now that the household expenses are increased, I am humbly requesting the Honourable Finance Minister to increase the income-tax ceiling to Rs.5 lakhs per annum for individuals, irrespective of gender. Thank you in advance.
Respected Sir, Now that the household expenses are increased, I am humbly requesting the Honourable Finance Minister to increase the income-tax ceiling to Rs.5 lakhs per annum for individuals, irrespective of gender. Thank you in advance.
Re: TAx AUDIT LIMIT U/S 44AB
by ananth prasad on Feb 11, 2010 02:15 PM Permalink
yes bosss,, pranab babu it looks sensible to hike the ceiling from 40lac to 1 crore
Re: TAx AUDIT LIMIT U/S 44AB
by jayadevan KN on Feb 11, 2010 01:09 PM Permalink
yeah it is absolutely essential for businesman from 40 lakh to 1 crore and for professional 10 lakh to 25 lakh
Re: TAx AUDIT LIMIT U/S 44AB
by ananth prasad on Feb 11, 2010 02:15 PM Permalink
yes bosss,, pranab babu it looks sensible to hike the ceiling from 40lac to 1 crore
Re: TAx AUDIT LIMIT U/S 44AB
by jayadevan KN on Feb 11, 2010 01:10 PM Permalink
yeah it is absolutely essential for businesman from 40 lakh to 1 crore and for professional 10 lakh to 25 lakh
Income Tax exemption and 80C, 80D and other exemption including home loan should be linked to the inflation rates declared by the giovernment agnecies. If inflation goes up exemption automatically will be up and so if the limits for 80C and 80D. Mediclaim insurance has rose more than 80% in the last 5 years medical expenses have rosen more than 100% every two years but the limit in 80D is the same for more than a decade.
