HOPE from BUDGET 2017.
No Income Tax paperwork,
Only 1? Transaction Tax on all Receipt.
Still collect more Tax &
Black Money Problem solved.
Root cause of Black money is British Raj complex Tax Rules to Rule then,
continued till today.
1% means more collection for Development, Peace & Employment.
20% means, Tax Terrorism & Corruption.
As say Hundred Rupee Note Changes hand 100 Times in One year!
So 1% Transaction Tax may yield = GDP?
For Cash Received, pay 1% Tax, like Post paid Mobile.
Pay INR 10- for every 1,000- Received, on daily basis.
Payable weekly.
So cash Transactions will also be Traceable too!
Mobile number a must for Bank a/c, Gold, Real Estate, Equity,
Each & all amount Paid/ Received.
Mobile number be connected to Bank account number, ADHAR, PAN... more
Only 1? Transaction Tax on all Receipt.
Still collect more Tax &
Black Money Problem solved.
Root cause of Black money is British Raj complex Tax Rules to Rule then,
continued till today.
1% means more collection for Development, Peace & Employment.
20% means, Tax Terrorism & Corruption.
As say Hundred Rupee Note Changes hand 100 Times in One year!
So 1% Transaction Tax may yield = GDP?
For Cash Received, pay 1% Tax, like Post paid Mobile.
Pay INR 10- for every 1,000- Received, on daily basis.
Payable weekly.
So cash Transactions will also be Traceable too!
Mobile number a must for Bank a/c, Gold, Real Estate, Equity,
Each & all amount Paid/ Received.
Mobile number be connected to Bank account number, ADHAR, PAN... more
Viewed by 46
Govt. had started Sr Citizens Saving Scheme it should be Tax free with its Interest. Sr Citizens to be excluded from IT as there is not any other income rather than the Interest on their Saving with Pension if any. more
Jan 31
True ! There should be unified tax law on all transactions. Yet I believe there is a similar need to have a single window clearance to obtain Completion Certificate for housing projects. It will curtail running of builder / promoter to run from pillar to post to secure permissions of individual departments like drainage, water supply, road develoment, tree plantation, rabbit removal, compliance of approved plan , Ele board approvals, tranformer & pole expenses, licensed plumber certificate & undertaking, rain water harvesting, ele elevator compliance, fire protection compliance. rateable value assessor. Most of these are from the departments under Municipal Corporation. But one has to approach each department & there start downright bribes, delay tactics & time loss. If there is a single nodal agency responsible to co-ordinate within a time frame, then speed of execution will increase. It will provide a great employment potential for the Construction Industry & masses. It will improve rapid housing development & higher tax collection rather than legally incomplete buildings occupied as a house without tax paid for years. more
Jan 22
