Appeal to PM to make India Personal Income Tax Mukt
As per data released by Income Tax Department the details of returns filed are as under:
a) ITR 1 3,03,00,000
b) ITR 2 57,60,000
c) ITR 3 1,02,00,000
d) ITR 4 1,75,00,000
Total 6,37,60,000
The above data shows that less than 5% of population is filing ITRs. Central Board of Direct Taxes (CBDT) said on Twitter, “CBDT issues refunds of over Rs 1,54,302 crores to more than 1.59 crore taxpayers from April 1, 2021 to Jan 10, 2022.
We appeal to PM to make India personal income tax free. The advantages of taking this step are many. Crores of hours spent in calculating TDS, depositing TDS, issuing Form 16,filing of ITRs, Assessment of ITRs, Issue of refunds etc. will be available for doing other productive work. Public will deposit their money in banks without fear. Cash transactions will reduce.
We request Local Circles to escalate this appeal.
a) ITR 1 3,03,00,000
b) ITR 2 57,60,000
c) ITR 3 1,02,00,000
d) ITR 4 1,75,00,000
Total 6,37,60,000
The above data shows that less than 5% of population is filing ITRs. Central Board of Direct Taxes (CBDT) said on Twitter, “CBDT issues refunds of over Rs 1,54,302 crores to more than 1.59 crore taxpayers from April 1, 2021 to Jan 10, 2022.
We appeal to PM to make India personal income tax free. The advantages of taking this step are many. Crores of hours spent in calculating TDS, depositing TDS, issuing Form 16,filing of ITRs, Assessment of ITRs, Issue of refunds etc. will be available for doing other productive work. Public will deposit their money in banks without fear. Cash transactions will reduce.
We request Local Circles to escalate this appeal.
Viewed by 29
Tax may be extracted from the businessman who use cash for payments, or giving partisan favours to the privileged thereby through manipulation keep their transaction disclosures hidden. Money yields higher marginal returns when spent by the needy. Inequality is a concern in India, with more dollar billionaires than 3 developed countries, France, Switzerland and Sweden combined, with the affluent making the situation exploitative. These rich peoples' with money too easily made, causes excessively burning fossil fuels, for example owning many private diesel powered cars, also thereby affects the environment. Taxes are a way of making development reach all the nation's citizens. Let this legacy become all pervasive making money further run through the economy, thereby benefiting the economy.
Mar 19
Tax evasive Practices like non-billing , Fake invoices , wrong Accounting shall be Curbed making Bank Transactions Compulsory for 2 Thousands and above Sales and Purchases
Mar 19
It is a war between classical economics and evolutionary economics . The former asserted that money is a mere veil without being able to influence economic activity inasmuch as economy always tends towards the employment of the able as well as the disable in suitable ways of personal liking without renouncement tactics. However, non-Indian studied economists of recent origins , have widely believed that not only money matters but also money materializes into eggs of money called income which is a parasite of economic activity. India has to revert to classical economics following your appeal.
Mar 18
Wealth Tax application is justified than income Tax. GOI & Finance Commission to work out Implementation as fast as Possible
Mar 18
