DTC can be further revised. If Indian politicians in power are serious in bringing back the black money amounting to several thousand billion dollars in Swiss banks, and they bring back this amount, there will be no need to have any Incometax law in India for the next fifty years.
india loves failures! india penalises success!our culture in the colonial period and subsequent socialist period has developed into a paradise for sob stories.. the more u cry the more u r heard! bandhs, violence, rail roko, rasta roko, looting, arson, intellectuals directly supporting maoist mass murderers ! india is a story of glorified anarchy with various high sounding theories as alibi.. so loot the hard working tax payer.. squeeze more and more out of his pocket thru organised rangdari taxes! squander all the tax money on VVIP security and other white elephants thru pay commissions.. NREGA etc ! thousands of crores of tax money get wasted in the name of development and doles and alms and subsidies.. and then tax payers are abused for having "black money " wow!
The salaried class can do nothing but bear. Why remove housing loans? What about all those who have bought houses because of the tax benefit? Are they supposed to sell their houses? If this rule is implemented, the housing market, including housing finance companies will crash
Re: Salaried - sitting duck for the government
by Sandeep Mukherjee on May 15, 2010 12:25 PM
unless u learn to do rail roko rasta roko.. learn to loot and throw fire bombs .. and unless u have predatory NGOs orchestrating support for u.. u will always remain a sitting duck in india!
the heavy taxes we pay in the form of sale tax income tax csaa n advance tax etc etc etc are all used by this NIKKAMMI gove for there ministers n beurocrats ,, 1. there commondos who r 20 in numbers are paid by us ,, infact they dont have any threat ,, 2,, all former ministers ,cm ,, beurocrats roam in 3 cars petrol driver salary pa salary is paid by our taxes
3. the curroption they do of billion of rupees is our hard earned money that gets dumped in SWISS BANK n LOCKERS N FARM HOUSES OF THESE POLITICIANS ..
4. THERE BIG HOUSES WHICH nikammi govt of india PROVIDE TO THEM n 20 servants there salary is also paid by us . 5. there air fare roamong in india is paid by us . 6. these ministers never par electricity bill that is free for them in the name of govt account which is the same money they extract from us . 7. 10 cars which follow them in name of security for 1 idiot n cheap man is also paid by us .
these politicians n gove is shame less people of india
Re: SHAME ON INDIAN GOVERNME
by anand patil on May 15, 2010 04:23 PM
what about more than 100 rooms of rastrapati bhavan & its maintanence where only mahamahim & her husband lives.for normal man like me it is hard to maintain a house with 5 rooms.
Re: SHAME ON INDIAN GOVERNME
by mandook on May 15, 2010 12:41 PM
Summarily remove Pranab and PC from Union cabinet. They are the twisted brains behind DTC
income tax breeds inefficiency, you earn more you pay more tax, to earn more you have to work hard, simple logic why work hard and fill the Govt coffers which any way will be used up by some sarkari babu for his/family foreign trip
Re: income tax
by ritesh sharma on May 15, 2010 11:46 AM
I dont think what you say it makes sense. Do you mean just because you need to pay 30 rupees as tax, you are ready to forego earning Rs.70 which you can spend/save/do what ever you want....I agree with you that the spending by government needs a lot of improvement...So we need to think ghow to make government more accountable rather than being pained over tax....
Only handful of Indians have Income above 10 lakhs per year. Then why should worry the majority people whose income is not even crossed 2 lakhs per year! In the present high cost living, the govt should spare people whose income is below 3 lakhs per annum from income tax net. Let rich people pay more since they have capacity to do so. But middle and low income salaried people should be totally spared from income tax.
Re: Dont worry
by Nutan Choubey on May 15, 2010 11:44 AM
those who do not have high salary govt has n numbers of schemes eg Rs 3/Kg of wheat/rice. NREGA to name a few. which are for poor to lower middle classes. Remember its rich who drives the economy, they create indirect employment. Even when you see your car is checked by security guard a mall, its indirect employment. Govt should think of all not either of.
Re: Re: Dont worry
by mandook on May 15, 2010 12:44 PM
all these benefits are swallowed by politicians who know the loopholes. And why not tax politicians on their income by way of salaries and perks as MPs and MLAs and Councillors?
Re: Dont worry
by ramesh babu on May 15, 2010 11:57 AM
I fully agree with you. The one who earns two or three lakhs will not save much. When he loses th job or in any emergency situation at home , he is totally helpless. Why to tax him. The one earning above 5 lakhs or above should be taxed. I do not agree with govet not allowing rich people ( above 10 lac) to save tax. A man earning 10 lakhs will have 7 lacs to spend p.a. if he does not save for saving tax. Then the extra money spent on purchase/ rent will create inflation. cost of things will go high when the middle class fell the pinch.
Re: Dont worry
by kieran dsouza on May 16, 2010 12:21 PM
So to that effect the DTC should be amended to raise tax exemption slab to 3 lakhs at least. rest is OK.
