we belong to family of insurance agents,mutual funds agents,deposit mobilisation for banks, company, nbfc etc. my commission income is Rs 120000/- not liable to tax but tds deduction @ 10% is made on income because of section 194J .MY hard earned money is deducted and paid to me after almoist 2 years. with 6% interest whereas I pay 10.75 % interest on my home loan. WHY TDS is deducted on my income even if I am not liable to pay tax. I have to pay professional fees to consultants to get my money. Please protect this family of more than 25 lakhs agents from this problem
Re: tax deducted at source
by manoj rawat on Feb 10, 2010 04:54 PM Permalink
"25 lakhs agents" hmmmm the number will attract the govt I think... good amount of votes. I think they will take it pretty seriously.
Re: Housing at economical prices
by Indiantours nTravels on Feb 10, 2010 04:40 PM Permalink
property prices should be equalize in whole country.. rather it should be made mandatory to own not more than 1 property and 1 child
Re: Housing at economical prices
by Indiantours nTravels on Feb 10, 2010 04:41 PM Permalink
property prices should be equalize in whole country.. rather it should be made mandatory to own not more than 1 property and 1 child
There should not be any Tax on Fixed Deposits in the Banks .Money is losing its value each year as inflation is a realty.Rs. 100 now would become worth Rs. 90 year next year and so on and in coming 4 to 5 years , it may beocme equal to Rs. 50. People keep their money in Fixed deposits with a hope that the value of the money would be maintained by earning some interest. So, why tax the interest which would help in maintaining the value of the money. In reality, there is no earnings
CAPITAL GAINS TAX TO BE 15% Sec 54 Ec to be reintroduced, More clarity on Capital gains deposit scheme in post office. Sec 80C (1961) to be 3 lakhs and Not eet and bank deposits and mutual funds to continue for this eligibility. Direct tax slabs to be revised as alredy suggessted in my previous message. Thanks ck gundu rao.
every one is experiencing the price rise, and our hard earned money is going towards income tax, balancing is very difficult, and savings are going done to nill due high taxes in all aspects. hence it is time to rise the taxable limits. say upto 300000 tax free and from 3 to 10 lakhs 10%, 10 to 15 lakhs 20% and 15 to 20 lakhs 25% and 20 lakhs and above 30%. and also 80c limit rise to 3 lakhs. not applying tax on PPF and LIC maturity amount.
every one is experiencing the price rise, and our hard earned money is going towards income tax, balancing is very difficult, and savings are going done to nill due high taxes in all aspects. hence it is time to rise the taxable limits. say upto 300000 tax free and from 3 to 10 lakhs 10%, 10 to 15 lakhs 20% and 15 to 20 lakhs 25% and 20 lakhs and above 30%. and also 80c limit rise to 3 lakhs. not applying tax on PPF and LIC maturity amount.
Re: Exemption Limit
by ananth prasad on Feb 11, 2010 08:04 AM Permalink
sir, that partiality is done because girls need to feed their babies and they need more money for them to tke cre of their babies, nd it is not tht govt is partial/favoring them
Re: Exemption Limit
by Ankush Pansari on Feb 10, 2010 03:33 PM Permalink
very well said Mr. Basavarajappa, der should b no partiality from boy n girl, ds is 21st century both are earning equally n facing saming thuings.......so der exemption limit should also b kept same.....
Re: Exemption Limit
by Ankush Pansari on Feb 10, 2010 03:32 PM Permalink
very well said Mr. Basavarajappa, der should b no partiality from boy n girl, ds is 21st century both are earning equally n facing saming thuings.......so der exemption limit should also b kept same.....
No tax up to 5 lakhs Sec 80C to be raised to 3 lakhs 10% TAX UP TO 15 LAKHS 15LAKHS TO 20 LAKHS 15% 20 LAKHS AND ABOVE 25% Capital gains tax to be 15% irrespective of short term or long term. Investment in sec 54 EC to be 3 crores and not 50 lakhs as chidambram did. thanks ck gundu rao
Re: Income tax for senior citizwns
by Ankush Pansari on Feb 10, 2010 03:28 PM Permalink
ok Mr. C K i agree with ur above mentioned statement, i think instead of Mr. Mukherjee you should be der......and ds is ur personel demand and ur personel query..ds ur not requesting for help..you are requesting to do.................
Re: Income tax for senior citizwns
by Ankush Pansari on Feb 10, 2010 03:29 PM Permalink
ok Mr. C K i agree with ur above mentioned statement, i think instead of Mr. Mukherjee you should be der......and ds is ur personel demand and ur personel query..ds ur not requesting for help..you are requesting to do.................
