1. make it mandatory for all Govt and PSU payments above 5000 thru ECS. 2. Re-introduce cash withdrawal tax - atleast 1 % for cash above 1 lac and banks must report 3. Cancell notes of 500 and 1000 denomination. they are not needed by 98% population. Pak counterfiets also will get busted. 4. Unified ID and PAN for every Indian 5. Income above 10L taxable even if it is from agriculture. regards Bhave
1. make it mandatory for all Govt and PSU payments above 5000 thru ECS. 2. Re-introduce cash withdrawal tax - atleast 1 % for cash above 1 lac and banks must report 3. Cancell notes of 500 and 1000 denomination. they are not needed by 98% population. Pak counterfiets also will get busted. 4. Unified ID and PAN for every Indian 5. Income above 10L taxable even if it is from agriculture. regards Bhave
Make ECS mandatory for all payments from Govt. dept or PSUs. within 2010 all returns should be made on-line only. we have enough talent in country to make software to analyse returns automatically.
Declare onetime settlement at 5% of money disclosed. After that scrutinize every person having net income of 2crore a year. Charge 70% tax on the found amount. Send ACB to verify that scrutinizing team is not getting bribed.
Instead of increasing the real purchasing power of common men, Govt tried to enslave them by encouraging their habbit of purchasing non-essentials items like Car, Mobile, Laptop by the route of loan to help Banks to rob them on their failure to pay the dues in times. Instead of reducing House rental or price, Govt asked Banks to offer house seekers a loan and then appropriate their property on loan payment default. We have not learnt from our forefathers that earlier Zamindars used to squeeze farmers by lending loan at abnormal interest rate. Banks are the old face of Zamindars and we poor or middle class indians are the face of destute farmers. Old tradition of humiliating and exploiting farmers is still existing. India has not come of age but learn to live in past.
Some suggestions 1) Pan should be mandatory for Bank A/c and link up all account even in different banks with PAN. Assessment by ITO should be compulsory if the no. of bank a/c is more than 3. 2) For any kind of sale and purchase of real estate of more than Rs. 2.5 crore the same should be made by open tender or best offer system by fixing the reserve price as high as possible.
My Father was reqular Tax payer and he had paid quite some towards Tax. but when he was retired, there will be lot of medical or personal things which they will require money, when he was getting operated for an Heart Surgery, we had shell out a Huge money towards it around 1.75Lakh, we struggled at that time. Why can Government provide some valid support when they are old, or not with a Job or some pension. When Farmers and others are taken care why not Tax payer...
