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It hurts honest tax payers whose income tax based on their salary is deducted by an ordinary accounts clerk mostly more than actual,as he only allows section 80 C permitted& not bothering about many other deductions allowed advising you to claim in ur Tax return,But while submitting Online the IT format don't allow the figures posted by your employer( accounts clerk),frustrating you to leave the extra amount deducted by hr overworked clerk thinking 4 to 5k extra as already you paid 90000 as income tax.Whereas business companies/pvt companies could manipulate and pay nearly 10 to 20% less than actual.Hence Govt should reward the salaried by allowing standard deduction,80c ,Tax slabs/medical allowances/ for pensioners.Even Bank KYC/mutual fund KYC may be made acceptable for all.Whyeach bank asks separate KYC?
Re: Budget17-18,Tax saving- KYC norms
by Manohar Bhargava on Feb 02, 2017 07:41 PM
Dear Daydreamer BJP means Bharti Jhooti Party with no direction.They promise to remove poverty but impose taxes or add to the already existing taxes.They feed HARAMKHORS from the the hard earned money of the honest Taxpayers.In Delhi and other metropolitan towns not a single REDIWALA selling food items/vegetables/fruits or other items earns a minimum of 800 to 1000 per day.This includes Three wheelers,They are termed poor.They get BPL card and donot pay for any thing,The elderly claim pension etc,In fact BJP is a conversion party makes honest pay taxes and helps vagabonds and criminals.It promotes law breakers as law maker.Our future is Bleak.
Re: Budget17-18,Tax saving- KYC norms
by sreerama on Jan 31, 2017 05:42 PM
It is regretful that in the modern computer age where even a 10 yr boy excitingly tells you how to operate FaceBook etc,many educated don't know that investment in Equity Mutual fund schemes/Equity shares of Good companies if held for just more than one year gives far better returns than any other investment that too TaX Free.This one year time period should not be changed by Govt to attract more and more to Equity culture,as even educated are under wrong impression that only speculators dabble with share market.jeediguntaGoa
Re: Budget17-18,Tax saving- KYC norms
by sreerama on Jan 31, 2017 05:42 PM
It is regretful that in the modern computer age where even a 10 yr boy excitingly tells you how to operate FaceBook etc,many educated don't know that investment in Equity Mutual fund schemes/Equity shares of Good companies if held for just more than one year gives far better returns than any other investment that too TaX Free.This one year time period should not be changed by Govt to attract more and more to Equity culture,as even educated are under wrong impression that only speculators dabble with share market.jeediguntaGoa
Re: Budget17-18,Tax saving- KYC norms
by sreerama on Jan 31, 2017 05:42 PM
It is regretful that in the modern computer age where even a 10 yr boy excitingly tells you how to operate FaceBook etc,many educated don't know that investment in Equity Mutual fund schemes/Equity shares of Good companies if held for just more than one year gives far better returns than any other investment that too TaX Free.This one year time period should not be changed by Govt to attract more and more to Equity culture,as even educated are under wrong impression that only speculators dabble with share market.jeediguntaGoa
