I will tax @ 20% on all the cash deposits after June30 2010.Till June 29 2010 any body can deposit in their account any amount with out any Tax. Why?
This will stop all the underhand dealing. This will stop the circulation Indian currency printed in Pakistan used against India for Terrorism. The Banks can easily destroy all the forged currencies.
This will decrease the inflation. Property price will come down to at least 50%..Govt will get the actual registration money on property. Now registering a property at 10% of actual sales Value. Here Govt. loosing registration fee of 90%.
Which one make cash payments are escaping from the service tax net. All the services except adultery is under service Tax net . Due to this cash dealings Govt not get actual service tax..
I will not allowed to deposit cash on year ending by corporates. Because by adjusting their cash balance they deposit black money in their current account. This cash is with drawn for making wages payments unregistered employees , make bribe etc. etc. This is very common In garment Export Industry ,Construction Industry , Cinema , Media Industry. And Hospitality Industry.
HRA benefit will given to make the payments through cheque only..
I will remove service tax on all the telephone bills which less than Rs.400/- in a Month..
I will not create no more tax on the public. For next two years I will not change tax slab.
