IT IS UNACEPTABLE THAT ONLY 40,000 CROREPATIES IN INDIA. tHERE WILL BE MORE THANA LAKH CROREPATIES.MAKE A COMPETITION FOR THE PEOPLE WITH MORE THAN 1CR. BY ANNOUNCING A LUXERY CAR FREE FOR A LUCKY PERSON BY LOTTERY. THERE WILL BE A QUEQUE AND UR EXP.WILL BE ONLY MINIMUM WHICH CAN BE FUNDED FROM THE TAXES SO RECD.
Re: Jaitley exaggerates
by NG Nileshwar on May 10, 2016 09:38 AM
This is a figure of 2011-12. Jaitley does not figure anywhere in this. The present figures may not be much different.
To end this hue and cry of all people, income tax directors/authorities must change rate of tax to only 5% for all; then everyone would happily pay it. Tax Evasion can be Eradicated with the help of plastic money (i.e. debit cards / credit cards) - stop and close all other means of money instruments then each & every transaction would be recorded centrally, put all income tax department employees on the job of scrutinizing/auditing each and every transaction. That's it. Problem solved.
Re: Unique and Universal Tax Rate and System Needed.
by siju KN on May 11, 2016 04:59 PM
your suggestion of reducing tax is ok.but tax has to be deducted for every transaction made with some limit.
They are seen by govt. as thieves-even read above, it appears like. Why one should pay any income tax to be exploited everywhere. Those who are paying higher Income Tax must be respected by govt. in terms of their problems, their issues and should have respect in society.