See congress policy how it helps rich to become richer and poor to poorer. Home Loan --> If you have one home and getting benefit on principal, its gone (Poor people). Bit if you are reach and more than one home, you alrady get benefit of FULL tax deduction (not even limited to Rs. 150000) and now no tax on rent even if vacant (if you are reach, no need to pay tax!!). Petrol --> Costly fo common man. But for airline, keep it cheap so rich can fly at less cost!! Insurance --> Who needs? Poor people? Reduce the tax decuction. Tell them to pay full tax. Congress has decided to remove complete poverty from India as if all poor or middle class will die, there will be no poverty at all.
Re: See congress policy
by SANJEEV KHANNA on Jan 29, 2012 12:11 PM
I am not propagating the Merits etc of the DTC , but from your reply it appears you dont understand even the basics of the code, dont make it political.
Govt. is making people fool. In one financial year they are telling one thing and next financial year that is changed partially. means what ever investment you are making you are safe as of now but may make your life horrible next year. Any way you have to pay tax, be it your monthly salary or your investment, govt. will cut you in every transaction. See now insurance policy limit is decreased but it should have been increased as per the inflation rate or keep at least keep constant. For home loan there is no exemption in principal repayment. This is making middle class people life horrible. Big ones will make money using govt. see airline fuel is costing less than petrol. and poor guy will get ration in subsidized price. That is one of the reasons people are going for fast money in scams,terrorism,religious hypocrisy. To be a minister, Doctor etc you have to pay bribe for crores and obviously they have to get it back. how? as a minister do scams and as a doctor visiting fee in big hospitals even if the visit is not necessary and unnecessary medical checkups. Be either very poor (BPL) or be very rich to enjoy your life in INDIA. Dont be middle class. Let me first try to make big money. If I fail I will go back to a remote village and will be BPL...:)
The significant thing in the DTC (one that continues from the existing system) is that there is nothing that the Govt will assure in return to the people who will be taxed. There is no plan to cut down (if not stop) corruption, no plan to ensure that allocated funds are not pilferred, no plan to ensure that people (atleast the tax payers) get Social Security, etc.
Re: Re: What about ELSS?
by Suman Ghosh on May 16, 2011 02:06 PM
But that should have been mentioned here... coz this is an article which supposedly clarifies the stance on popular investment avenues.
