Suggestions on Income tax
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One more suggestion, agriculture income should be taxable. Poor farmers are anyway not affected due to minimum taxable limit. This is mis used by landlords who claim to be farmers. more
Nov 29
ONE SUGGESTION :- THE RETIRED PEOPLE FROM GOVT/PUBLIC SERVICES GET SOME AMOUNT AS TERMINAL BENEFITS AT THE TIME OF RETIREMENT.THEY HAVE TWO OPTIONS AT THIS AGE (1) FULLFIL THE LIABILITIES OF THE FAMILY LEFT AT THAT MOMENT (2)PUT THE FUNDS IN TERMDEPOSITES/FD AND THE INTEREST THEY GET IS JUST A COMPENSATION FOR SUSTAINANCE w.r.t. MAINTENANCE OF HEALTH, MARKET INFLATION AND SOME SOCIAL OBLIGATIONS,RENT IF ANY. SO, IN MY OPINION SUCH RETIRED PEOPLE SHOULD GET TAX EXEMPTION ON THE INTEREST EARNED ON THE TERMINAL BENEFITS. ALL SHOPKEEPERS SHOULD PAY MINIMUM INCOMETAX OF Rs.2000/= EVERY YEAR,FAILING WHICH THEY SHOULD FILE THEIR INCOMETAX RETURN, AND COME OUT CLEAR WITH THEIR SOURCES/QUANTUM OF INCOME. more
Nov 26
I agree with Sanjeevji, Multiple Taxation should be done away with and a single point taxation introduced. The ideal one being Bank Transaction Tax. A tax of say as low as 2% on all bank credits. more
Nov 25
Last week i went to one mall in Bangalore. There i bought one sweet corn for that i paid service tax, Education cess, Higher education cess and VAT. While i am paying income tax also i am paying this all. Then why should i have to pay these TAX in that place. more
Nov 24
