I want the FM to release caste wise contribution of Income Tax to the society.When caste wise calculation of Admission can be made and sensex can be done why not caste wise budget not being made?Lets know how hindoo blood is sucked by the Govt and their votebanks are nurtured.
It is very easy to keep taxing the people who already are paying thier (and so may others') tax dues. It an easy way out to target the softest ones, the average, salaried, middle class. Hight time this changes, it very unfair. Instead of trying to squeeze out maximum from the Tax-paying populace, often in garbs of benefits, out Economists would do well to widen the tax bracket to average out the tax liabilities. Bring in services under tax bracket, bring in more traceability and transparency in business transactions, track govt spends and encourage companies to pass on tax SoP's to concumers.
SFIO/FIU was about to submit reoprt on black money in Indian market especially real estat but as it was predicted earlier in news channel that it is always said but Govt never implement it.. sWISS BANK MONEY IS COMING INTO MUMBAI AND PUNE REAL ESATE...
SERVICE CLASS PEOPLE CANT EVEN THINK OF BUYING HOME IN MUMBAI AS THEY DONT HAVE ATLEAST 20% BLACK MONEY TO GIVE
With no water.. no proper electricity now.. and no big infrastrucutre changes.. what can be the one reason behind steep rise in home prices.. BLACK MONEY
Please Increase savings component for tax exemption up to Rs 200,000/-, considering the inflation and cost of living. This measure is highly beneficial to all the employees and will increase the savings nature of individuals.
Points to be considered by the respective Finance Minister before introducing Tax Reforms in April, 2011. 1) I am completely against EET on PPF and EPF i.e. payment of tax at the time of receipt of PPF/EPF money at the end of 15 years / on retirement. It is counter productive to save and then be taxed on a higher amount in the year of receipt of the payment. Also it is unfair to tax the capital on which a retired person is going to survive on. 2) Long term capital gains should also not be taxed like before since there has to be some encouragement for long-term investors who add stability to the stock market. Also it hits the retired person the most when he liquidates his shares to take care of his day-to-day needs. 3) Special care should be taken for the retired and salaried middle class person while approving the Tax reforms and they should be given the maximum thought in these times of supper inflation and hardships. 4) TDS on income earned from investments like RBI bonds and other such investments should be removed since it is very tedious and time consuming for a retired person or even a younger person to get refund from the IT dept.
I really hope that the finance minister finds time to read this and finds a way to make life a little more bearable for the retired and salaried middle class who forms the real backbone of our economy.
Points to be considered by the respective Finance Minister before introducing Tax Reforms in April, 2011. 1) I am completely against EET on PPF and EPF i.e. payment of tax at the time of receipt of PPF/EPF money at the end of 15 years / on retirement. It is counter productive to save and then be taxed on a higher amount in the year of receipt of the payment. Also it is unfair to tax the capital on which a retired person is going to survive on. 2) Long term capital gains should also not be taxed like before since there has to be some encouragement for long-term investors who add stability to the stock market. Also it hits the retired person the most when he liquidates his shares to take care of his day-to-day needs. 3) Special care should be taken for the retired and salaried middle class person while approving the Tax reforms and they should be given the maximum thought in these times of supper inflation and hardships. 4) TDS on income earned from investments like RBI bonds and other such investments should be removed since it is very tedious and time consuming for a retired person or even a younger person to get refund from the IT dept.
I really hope that the finance minister finds time to read this and finds a way to make life a little more bearable for the retired and salaried middle class who forms the real backbone of our economy.
Points to be considered by the respective Finance Minister before introducing Tax Reforms in 2011. 1) I am completely against EET on PPF and EPF i.e. payment of tax at the time of receipt of PPF/EPF money at the end of 15 years / on retirement. It is counter productive to save and then be taxed on a higher amount in the year of receipt of the payment. Also it is unfair to tax the capital on which a retired person is going to survive on. 2) Long term capital gains should also not be taxed like before since there has to be some encouragement for long-term investors who add stability to the stock market. Also it hits the retired person the most when he liquidates his shares to take care of his day-to-day needs. 3) Special care should be taken for the retired and salaried middle class person while approving the Tax reforms and they should be given the maximum thought in these times of supper inflation and hardships. 4) TDS on income earned from investments like RBI bonds and other such investments should be removed since it is very tedious and time consuming for a retired person or even a younger person to get refund from the IT dept.
I really hope that the finance minister finds time to read this and finds a way to make life a little more bearable for the retired and salaried middle class who forms the real backbone of our economy.
Points to be considered by the respective Finance Minister before introducing Tax Reforms in 2011. 1) I am completely against EET on PPF and EPF i.e. payment of tax at the time of receipt of PPF/EPF money at the end of 15 years / on retirement. It is counter productive to save and then be taxed on a higher amount in the year of receipt of the payment. Also it is unfair to tax the capital on which a retired person is going to survive on. 2) Long term capital gains should also not be taxed like before since there has to be some encouragement for long-term investors who add stability to the stock market. Also it hits the retired person the most when he liquidates his shares to take care of his day-to-day needs. 3) Special care should be taken for the retired and salaried middle class person while approving the Tax reforms and they should be given the maximum thought in these times of supper inflation and hardships. 4) TDS on income earned from investments like RBI bonds and other such investments should be removed since it is very tedious and time consuming for a retired person or even a younger person to get refund from the IT dept.
I really hope that the finance minister finds time to read this and finds a way to make life a little more bearable for the retired and salaried middle class who forms the real backbone of our economy.
Hi, Always plan budget uniformly. Please bring some rules wherein Money transactions are visible to Govt so that people are forced to pay tax. Example All transactions through swipe machine, make a rule that all business shops etc are with machines. Any transaction >500 must with swipe machine.
Please Please Please reduce taking money from people, If you put burden on Business/Salaried people it again to the people.
End customers suffer a lot.
I pray god I too get all facilities and security what Govt gets, only difference is I pay MORE tax and I don't have those benefits-Car, security, House etc.
Dear Honorable FM We expect a scientific exemption of income tax for salaried class and it would be 5 lakhs and 6 lakhs for senior citizens keeping in mind of continuous inflations and living conditions of the tax payers.
