Recently, Our PM gives excuse of every question.Not sure either he is prime minister for whole country or a prime minister only for running government. In every question he replied "GATHBANDHAN KI MAJBURI"
If he is so MUJBUR he should have resigned from the post by saying enough is enough. History remember the man who did more in little time. Only making of high level post for log will not be fruitful.
Mr.Singh , please make some runs for country not only for your century. You may be remember as longest ever prime minister in India but certainly not for a good prime minister in India.
Now you need to choose whatever you want be in history.
The budget is made with the consent of the industrialist so it hardly makes any difference to them. One should read Robert kiyosaki where he has clearly stated that most of the laws are in the favour of the rich. So the industrialsist dont have to bother much.
Re: the budget is just an annual exercise.
by guptaapsn on Feb 22, 2011 12:54 PM
Budget will introduce and accept the new bills to privatize or Sell our companies/country to corporates and multi nations
when will government introduce much promised simple direct tax of 10%, 20% and 30% for the income 3 lakh, 10 lahk and 20 lahk. i reckon they are going to introduce last year of rule for next election.
anyway, pranab is far better than chiddu as finance minister.
Re: when will government introduce
by guptaapsn on Feb 22, 2011 12:50 PM
VAT and new GST is to loote the public wealth indirectly. If GST is introduced, center may abolish or reduce the income tax to 10% max. slab. You are no need to worry
First thing is collection. All collector in districts are idiot. they think their job is to control, rule people. thats all. Truth is their job is to tax each and every person who earns. then we can have huge money to spend on massive projects to build infrastructur in india. china is doing same. world class infrastructue. thats why world's buisness is coming in their home and they are minting trillions of dollars. In india we dream, gossip, blame. thats our life style. we never think seriously the root of problem. Once he have collected money, spending is easy, we can buy world class technology, system. in west they tax 30% every citizen. thats why their govt have massive money to build city. their govt also earn comission openly. so you cant give excuse, i wont pay tax because of curruption. any way slowly curruption will decrease with awarness and growth. so budget is very simple. collect and spending planning.
I heard this news came out in the Jan 20 or 21st issue of the Hindu. Apparently, percentage of people paying income tax in India is 0.8% of the total population. This is because 70% of the population are in agriculture and they don't pay tax. And rest all 29% Indians show there annual income below tax lemit and rest show themself to below the poverty line. Based on this fact, the Government is thinking of abolishing Income Tax altogether because it costs more to collect income tax than what is earned from that.
Re: Is it true %age of people paying income tax in India less tha
by mohammed ulhaq on Feb 22, 2011 11:56 AM
I was not aware that Hindu writes Fiction stories in its News papers. If Income Tax has to be abolished then all Govt services will have to be privatised first eg., Roads, Hospitals, Railways, Police dept etc.,
Re: Re: Is it true %age of people paying income tax in India less
by sanjeev sharma on Feb 22, 2011 01:40 PM
Anyways now also they are sort of privat only. You use any Road and you end up paying Toll Tax. Hospitals are so badly managed that most of the people try to go to private hospitals. Railways and Police you have to pay to get seats (Tatkal schemes etc.. ) Police is only for rich and wealthy and these people know how to mobilise Police in their Favour.
Re: Re: Re: Is it true %age of people paying income tax in India
by mohammed ulhaq on Feb 24, 2011 01:25 AM
Sitting at the shore and yelling doesnt help anyone. if you want help then you should speak out and inform Police that you need help. If at all what you saying is true then no Politician will be behind bars. Even though pathetic atleast we have roads to travel, if privatised then we will not have even roads to travel without paying the toll. I am not supporting the govt for tax collected money, what i am saying is atleast something is better than nothing.
Re: Is it true %age of people paying income tax in India less tha
by Solnishka on Feb 26, 2011 04:55 PM
Not 0.8%. The figure that I heard and that came on the NASSCOM's conference is that about 30million Indians pay taxes actually ..........
Wonder why this straight forward view was marked as "abusive" by someone.
Nothing much can be expected from the Congress. There are already indications that IT exemption limit may be raised by Rs 15000.00 giving a "huge benefit" of Rs 125.00 per month. This is to offset high inflation that has resulted in higher expenses for every family - higher by more than 10 to 15 times this saving, per month. It would better if the Congress does not insult the common man with such benefits.
Higher allocation for social sectors means only one thing. There is much more money to be made by the middlemen and politicians.
Increasing ED on Auto will be counter productive. One cannot understand the logic of the Govt - that is if there is logic. Why tax a segment that is doing well and burden it and bog it down? The Govt should realise that a fall in Auto sales will mean loss of revenue to the Govt even on Fuel sales. Besides, there is a huge section of the population directly and indirectly associated with the Auto segment. Besides, it is clearly known to all that lower taxes actually mean higher revenue.
Lastly, all that the Govt does in this Budget will be futile, unless there is serious action in getting back the huge amount of Black money stashed away illegally in foreign countries. On this, if the Govt is looking from the angle of double taxation, it is better not to waste its efforts, for, the higher part of the money could be comin
It is official dacoity by govt. with tax payers, why one should pay income tax, to see rude and unethical faces of tax people, what govt. gives to income tax payers as a social or any recognition except harrassment/terror. Each Babu even a supervisor is a crorepati in IT deptt.
Nothing much can be expected from the Congress. There are already indications that IT exemption limit may be raised by Rs 15000.00 giving a "huge benefit" of Rs 125.00 per month. This is to offset high inflation that has resulted in higher expenses for every family - higher by more than 10 to 15 times this saving, per month. It would better if the Congress does not insult the common man with such benefits.
Higher allocation for social sectors means only one thing. There is much more money to be made by the middlemen and politicians.
Increasing ED on Auto will be counter productive. One cannot understand the logic of the Govt - that is if there is logic. Why tax a segment that is doing well and burden it and bog it down? The Govt should realise that a fall in Auto sales will mean loss of revenue to the Govt even on Fuel sales. Besides, there is a huge section of the population directly and indirectly associated with the Auto segment. Besides, it is clearly known to all that lower taxes actually mean higher revenue.
Lastly, all that the Govt does in this Budget will be futile, unless there is serious action in getting back the huge amount of Black money stashed away illegally in foreign countries. On this, if the Govt is looking from the angle of double taxation, it is better not to waste its efforts, for, the higher part of the money could be coming from illegal activities.
Another routine affair.Some reliefs here and there but in the end tax collections will rise, allocations to all and sundry will increase and thereby the money for corrupt deals.Remember, you pocket will be picked in one way or other
