Our political & economic system is such that corruption breeds across verticals and it is only hard earned money earners belonging to salaried class of lower rung has to shelve out their capital on IT returns every year religiously. As per Govt. released Data, there are about 35 Million tax payers and most of them are salaried class. High class influential business class remained out of the clutches of such IT Sleuths on accout of rampant corruption. To add more pain to the scene is that most part of this mopped up fund is used by corrupt defence people whose real face have got emerged and uncovered after a slew of scams unearthed in their domain . This includes Adarsh Housing Scam. For God sake, use this fund for growth and development of infrastructure and removal of poverty but not in arms purchase for cosmetic cross border fighting. Year after year, persons in defence are enjoying privileges at the cost of genuine tax payers money.
Re: Lopsided View
by MOHAN LAD on Jan 19, 2011 12:21 PM
Only reason for defence purchase is the kickback army and political ministers received from it. Otherwise nowadays looking to the present political leaders and army men they are not capable of even challenging nepal and sri lanka. They can face Pakistan only with USA backing, facing China is distant dream. All expense on defence is useless. In fact if independent referendum is carried on most people will vote for chinese or usa rule rather than being ruled by corrupt to the core congress and bjp.
The govt. has no accountability. They will charge those who pay income tax with penal interest. But they do not refund in time. They will put people in prison without charges. Why not compensate them for the loss of reputation. Shamelessly they are saying they will give the refunds after so much of delay.
Oh, yes...IT dept will do this and then all ministers will say that they are employees of GOI, film stars will say they are employees of film industry..Cricketers will say they are employees of BCCI etc.... Even PM,President of India can say that they recieve a salary..
When you are talking of wiping of corruption from all walks of life, then it is not at a correct decision. Now persons are getting huge salaries, the savings are normally invested in buying lands, flats, gold , shares etc. and the income of these is quite substantial which will not come into account while paying taxes by the companies as it will not be disclosed in general by employees.
Re: Not correct way
by Test User on Jan 19, 2011 07:00 PM
im not sure what you mean. if someone doesn't want to disclose his income, he can do that today also. forcing someone to file returns does not mean better compliance.
Exempting Salaried class from I.Tax return is a positive thought. It only involves unnessary paper work and loss of time with no net result . Afterall each and every peny earned by this class is crystal clear and I.Tax is deducted at source .
This is a good idea but can be made optional.This means a salaried employee can choose to file a return.Because this is global era where you are required to show your IT returns when you are travelling abroad.This can happen to a salaried employee because he/she would visit to see their daughters/sons in other countries.
Re: Show me government Officer
by MM on Jan 19, 2011 10:26 AM
Not all Govt. Servents are corrupt. People in the scientific and acedamic field have neither scopes nor interests in 'other' incomes. They do most difficult and responsible work and much less paid than IT, and other corporates.
