Exempt Senior Citizens from TDS -Budget 2017
We would like to request the Finance Minister to exempt Senior Citizens from TDS in Budget 2017. The deduction of tax at source provision of Income Tax Act 1961 needs to be amended to exempt Senior Citizens as it is causing avoidable harassment to them. Filing of Form 15H by more than 10 Crore Senior Citizens in duplicate to Banks and keeping the third copy as acknowledgement to avoid TDS is causing enormous damage to Environment as 30 Crore papers are used for it. It is also additional cost burden to Banks which are required to keep a copy in file and send one copy to Income Tax department. The proposed e-filing of Form 15H has remained on paper only as most Bank branches are not geared up for the same.
Since it is compulsory to provide PAN number while opening any deposit account and with computerisation of bank operations all over India, the Banks are uploading the amount of interest paid on Form 26AS for individuals filing or who had filed a return in the past, the data is available to Income Tax Department.
For non filers the Banks can report amount of interest paid against each PAN number to Income Tax dept. easily as all the data is available in computers.
We request Local Circles to submit his proposal to Finance Minister for implementation in Budget 2017. more
Since it is compulsory to provide PAN number while opening any deposit account and with computerisation of bank operations all over India, the Banks are uploading the amount of interest paid on Form 26AS for individuals filing or who had filed a return in the past, the data is available to Income Tax Department.
For non filers the Banks can report amount of interest paid against each PAN number to Income Tax dept. easily as all the data is available in computers.
We request Local Circles to submit his proposal to Finance Minister for implementation in Budget 2017. more
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Please do not worry about 30 cores of paper. Imagine how much expensive rupee note paper was thrown in dustbins when demonisation came in. Every day GOI office machinery throwing papers in dustbins everyday. No computerisation will collect Income tax when people have habit of hiding money at home & in some banks, illegal jobs & business. People have to be honest & patriotic & nationalist. more
Jan 21
There are non-pensionable beggars in the cities in India. They are loitering around in cities.who pays them pension? They beg & spoil environment. Medical & health issues for pensioners should be free & well cared for in the hospital. Forget Nation when nation cannot do anything for you in old age. Look at elderly disabled with no pension ,begging at bustop &on stations. Pity there is no social security systems in India for destitute Indians. more
Jan 21
GOD BLESS YOU SIR.THANKS MR.RANABIR GHOSH.YOUR HELFFUL HAND IS REQUESTED IN THIS CIRCUMSTANCES. more
Jan 16
AFTER THE LONG PERIOD OF SERVICES IN THE GOVERNMENT CONCERN WHY THE SENIOR CITIZENS HAVE TO TAKE THE HARRASHMENT ON TDS.WHY THE SIMPLE SYSTEM WILL NOT BE INTRODUCED IN THIS CASE.NOW WE ARE LIVING IN MODERN AGE.30 CRORE PAPERS ARE DAMAGING ON WHICH GREEN ARE LOSSING AND ENVIRONMENT IS NOT CLEANLINESS.BUT GOVERNMENT IS TELLING LET US COME TO MAKE THE INDIA GREEN.IS THIS THE EXAMPLE OF ENJOYMENT FOR SENIOR CITIZEN AFTER THE HARD SERVICES FOR THE COUNTRY?IT IS BETTER TO GIVE THE CIRCULER TO STOP THE PENSION OF THOSE ARE AGED.WHERE THERE IS A WILL THERE IS A WAY.WE DON'T WANT TO ALIVE IN THIS DARK CONDITION WITH TENSION.IF I TELL HERE ANYTHING WRONG I AM REGRETTED.RECIFICAION IS REQUESTED.WE MAY BE NOW LIKE HANDRICAPPED BUT NOT BEGGERS.I DON'T KNOW WHAT ACTION MAY BE TAKEN FOR MYSELF FRIENDS.BUT WE KNOW HOW TO FIGHT HONESTLY AND FEARLESSLY AND DIE FOR THE NATION GOOD. more
Jan 16
