now let's talk about the simple solution & NOT problems.
All are talking about Problems-Corruption,Inflation,Red-Tappissom,Black Money,
Unemployment etc.
but now let's talk about the simple solution.
Only new Laws may NOT be the solution.
We need Tax Reform,Administrative reform,Bank Reform,with solution NOT wards
If we go to Public with such Reform solution..
1)How they get their work done with simplicity,
is the issue today for the people.
2)Tax Reform....1%+1% =2% Tax on gross receipt from other's.
1%..Tax + 1%..to their own Account as Less Privilege Fund.(L.P.F.)
3)This 1% L.P.F. will give power to the people.
4)Tax Number is your mobile number.
Bank Account Number is your mobile number.
5)Tax payment will be as easy, as payment of post paid mobile charges.
6)Salaried people will be happy as they have to pay less.
7)Government will get more Tax collection.
8)All other Tax will be abolished,so all others are happy,can increase income.
9)Cash transaction is way of life in India,yet if system is simple,
Tax % Minimum All will pay Tax.
Let's NOT create problem and try to solve it.
but to have pay & Proceed policy.
Awaiting Feed back..
ganeshkamat47@gmail.com more
Unemployment etc.
but now let's talk about the simple solution.
Only new Laws may NOT be the solution.
We need Tax Reform,Administrative reform,Bank Reform,with solution NOT wards
If we go to Public with such Reform solution..
1)How they get their work done with simplicity,
is the issue today for the people.
2)Tax Reform....1%+1% =2% Tax on gross receipt from other's.
1%..Tax + 1%..to their own Account as Less Privilege Fund.(L.P.F.)
3)This 1% L.P.F. will give power to the people.
4)Tax Number is your mobile number.
Bank Account Number is your mobile number.
5)Tax payment will be as easy, as payment of post paid mobile charges.
6)Salaried people will be happy as they have to pay less.
7)Government will get more Tax collection.
8)All other Tax will be abolished,so all others are happy,can increase income.
9)Cash transaction is way of life in India,yet if system is simple,
Tax % Minimum All will pay Tax.
Let's NOT create problem and try to solve it.
but to have pay & Proceed policy.
Awaiting Feed back..
ganeshkamat47@gmail.com more
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View all 6 comments Below 6 comments
Visweswaraji, We need more debate and awareness on, How to solve the verious problems? As mostly we talk about the problems, thinking some body will solve the problem, Never think about HOW? Your contrublation of the subject matter may be more helpful. Thanks.. regards, more
Mar 17
Kunalji, Today we have 3.5 CR tax payers mostly salaried persons, by simlpification we will have 35 CR tax payers or more. Thus collection will be much more. All want to pay tax if it is NOT taxing and simple. The time saved thus can be utilised for further developement, so increase of business, reduction of red tape will reduce unemploy ment . Simplification of system will reduce corruption. We can use babu's telant for helping the masses, then creating problems for them. 1% Less Privileage Fund will be the financial power to the masses. Today most of the bussiness people are Not showing more than 1% Tax on Gross Recipt. More Goverment more corruption, Less Government more work for the people. . more
Mar 17
Kamat ji , In this circle i replied for this a few days back.AK told in the CII conference that the taxation must be simplified ,and the problems facing by this tax system.You Better watch the video on YOU TUBE.You can get in you tube by typing ARVIND with CII. As he said APP is working hard to make policy in TAX system with famous experts in this field. Wait for some time before they release it. They are not only doing in tax system but also in various fields like ECONOMY ,FOREIGN,DEFFENCE ETC. more
Mar 16
India's Annual Budget falls around 13 lac crore... How much tax payers are there? if revenue of current tax prayers is not mismatch then it is best solution as u say tax payers will also increase.. more
Mar 15
Culture of honesty is absent. First reform the leaders and bureaucrats / babus. Taxation reforms to be adopted from countries of similar economy and definitely modified to our ground reality and goals. more
Mar 15
