Taxation
The price of oil in international market is coming down. It is predicted it may stay at the current price during 2015-16. However, in the present we have got few cuts in the petrol / diesel prices but not according to the market trend. Also the tax portion is still huge in petrol / diesel when it comes to retail market. Request the Finance ministry / revenue officials to think differently to enhance revenue and not indulge in extracting more and more from salaried / middle class. If the oil prices are lowered then the whole market can benefit out of it and the spending power of people will increase. The airlines have not reduced much in spite of lower air fuel charges. No questions asked. Government run railways have not reduced the fare. No one is passing the benefit to consumers. Only few percentage of population is paying tax but many evade. To collect tax from these category have the Departments ready with plans in the budget. But they may bring in new tax and cover more middle class and salaried class. Please thing differently and come out with bold steps to publish list of defaulters and punish them, and collect tax with penal interest. Such bold steps will make a change in mind set of people and Govt. will get appreciation. Elections forthcoming in few states, this may help in getting more votes. more
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Even surplus money with the govt. is not going to help the people. It will be distributed elsewhere and taxes will not be reduced. It is better they find out ways to extract taxes from those who are not paying. Why govt. is not publishing the defaulters list. See Mallaya. He washed off his hands from Kingfisher and let the employees suffer. People were starving. He is shooting for Kingfisher calendar. Has he paid the outstanding. The defaulters should be booked and their property seized. It is only the salaried class which is paying the tax or made to pay the tax. Except few good citizens others evade or pay less. First collect from these people and see the difference. more
Feb 16
rightly said we ourselves are responsible for our todays problems by voting those who give free anything forgetting that it is your own money collected through taxes is being given to you by taking a cut to line their own pockets. Actually Election commission should ban the parties which declare free bees and it should be recovered from the party fund. supreme court also may look into these. I have actually filed a complaint with election commission when dmk declared free colour tv. where the tv holder has to buy the cable connection from sun tv to use the tv at public cost they have earned business for their family company plus other cut in purchasing the tv sets for distribution. more
Feb 16
Though i am not from finance background, but from experience from family nd my own experience: when time is favourble and have surplus money make savings foe future. Similarly Govt is looking this as an opportunity to cover it deficit as well as keeping tax as buffer area. This high taxes will help in two way 1. Will reduce deficit 2. Will keep some space for Govt when internation oil prices will go up. When international oil price will go up that time you wouldnt accept Govt logic that since oil price higher in international market so it is higher in domestic market. That time you would curse Govt. So that time Govt may reduce taxes to reduce domestic oil price... dont forget recent Delhi election, we dont want development of nation and insividuals but we want freebies... So govt knew our character very well.... more
Feb 14
