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Re: Income TAX
by driamforindiaalways on Feb 02, 2010 04:05 PM

9. Capital Gains should be at flat 5% on sale and all indexation and so
on removed. This could mop up more revenues.

10.An MAT of 2% on all business incomes ( Profits after Depreciation
and interest) removing all other business tax exemptions and business
tax will increase the tax base.

11. Central Excise, Customs, CED,VAT,CST,etc should be given as credit to
all industries, products for renewable energy, solar energy, drip irrigation
and the benefits should be passed on to consumers in the invoice.

12.All autos, buses, trucks, rickshaws, plying in all cities and
towns should compulsorily run on natural gas.

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