Dear Friends I am not a finance man but logically it tell me that both your incoem and expenditure are taxed.... i think think this is absoluletly wrong........... income tax on income and sales tax / service tax on expenditure. the politicians are all scot free to do what ever and how ever they want at our cost..... let me know if i am corret friends .. take care .........earn more and enjoy ur day ........
RE:INCOME AND EXPENDITURE TAXED
by Padmanabhan M on Mar 05, 2007 09:07 AM Permalink
Yes sir, the essential problem is corruption at all levels and poor delivery of welfare measures. WE must insist on the finance minsiter to present what exactly are the government expenditures and whether they have been correctly spent each year. No MP seems to be asking for this, and no citizen seems to be electing MPs who can do this. So, they simply tax the average man more and more, knowing that no one will ask relevant questions. People only get upset when the prices rise, and they think it is because the businessman is earning a lot. It is really not true. Business men should earn well, in a fair way. It is government's job to make sure everyone is given a level playing field. These businesses create jobs for those who want monthly salaries. More important however is that government takes concrete steps to ensure corruption is eliminated, and guilty are quickly punished, police force is reformed to look after the common man. Unless each citizen demands these instead of seeking exemptions and reservations, nothing will improve for the common man.
RE:RE:INCOME AND EXPENDITURE TAXED
by vijay kumar on Mar 05, 2007 09:30 AM Permalink
If its not corruption check these details.
Monthly Salary: 42,000 Expense for Constitution per month :10,000 Office expenditure per month : 14,000 Traveling concession (Rs. 8 perkm) : 48,000 ( eg.For a visit from Kerala to Delhi & return: 6000 km) Daily DA TA during parliament meets : 500 Charge for 1 class (A/C) in train : Free (For any number of times) (All over India ) Charge for Business Class in flights : Free for 40 trips / year (With wife or P.A.) Rent for MP hostel at Delhi : Free Electricity costs at home: Free up to 50,000 units Local phone call charge: Free up to 1,70,000 calls. TOTAL expense for a MP per year : 32,00,000 TOTAL expense for 5 years : 1,60,00,000 For 534 MPs, the expense for 5 years : 8,54,40,30,000 (nearly 855 cores)
Sorry that i am so ignorant, correct me if i am wrong please.
RE:INCOME AND EXPENDITURE TAXED
by b gopalan on Mar 05, 2007 08:26 AM Permalink
This reflects my feelings as well as many others. We are not able to enjoy the fruit of our hard earned money. Income tax and expenditure taxes ( various forms like sales tax, service tax etc) eat away abig chunk of earnings! The govt is NOT justified in taxing interest earned from Post Office deposits, GOI bonds RBI bonds etc. After all it is the Govt that utilises our deposits and not any commercial firm until the maturity periods. The upper limit of TDS on interest earned from such schemes should go.
RE:INCOME AND EXPENDITURE TAXED
by Jasdeep on Mar 04, 2007 11:36 PM Permalink
absolutely right unitech, and i would like to add that the arrogance with which our FM and this UPA govt. is adding the tax burden on its citizens with all kinds of double taxation, its not long when they will be gone from our political scene...my vote is surely not for this UPA govt. any longer.
RE:RE:INCOME AND EXPENDITURE TAXED
by Chandra Ojha on Mar 05, 2007 03:09 AM Permalink
The whole point of taxation is to improve community services and bring quality of life to a standard that every one has a fair go at life. But the whole problem with Indian system is that they tax as if they gonna do some wonderful things but it doesn't really get implemented. I think partly we need to blame ourself becasue wecan't give a good government to our own country.
