Income over 50L, declare all assets
how will people figure out value of all their assets.
Now next year if this becomes 10L, it will lead to unnecessary harrassment.
Minimum governance, maximium government.
If all info is there with the tax man, our risk of future harrassment increases. more
The information being asked for in the income tax return of persons earning more than 50 lakh had to be filed in wealth tax return and wealth tax had to be paid. Now only the assets are to be declared and no wealth tax is to be filed. This cannot result in any harassment as long as the entire income is declared in your returns. more
Government gives tax holiday at the cost of my fd interest if the government cheats where can I go more
A big provision shop owner do not pay tax more
Real estate brokers do not pay tAx more
Now see the government changed 15 h form you should indicate how many 15 h forms you are giving what is the aggregated income and so on so forth . A day will come all small tax payers will be caught more