Inputs Sought for Budget 2017

Just abolish all taxes to that of only one TurnOverTax with compulsory TDS without any reservation to all category . No relaxations for all private bussiness shares funds etc.,. Every citizen should covered. The benefits are 1. TurnOverTax rates fixed between all accounts from 0005% to maximum 3% according to Savings and to bussiness. 2 no tax return required. 3 Those who do cash transaction must buy prepaid tax to cover up. 4 the black money will vanish over night 5 Govt will get its revenue every day without recovery revenue officials. 6 FDI is automatic since India will become tax heaven country. 7 the revenue will increase to thousand fold and Govt may attempt any mega project at ease. more  

Wile asking for greater relief in txes, we must also keep in mind the need for a higher income/revenue for the government to meet the expenses in public works. With these in view, I suggest that 1. The minimum Income tax exemption limit for a) individuals below 60 years be raised from the present 2.5 lacs to Rs.3.00 lacs. b) for above 60 years (Senior Citizens) from 3.00 lacs to 3.5 Lacs, c) for 80 years and above (Super senior citizens) from 5.00 lacs to 5.50 lacs. [since most of the income of senior and super senior citizen come from income on savings, with the decrease in interest rates as expected it is not likely to increase beyond this limit in most cases. It is well known fact that a lot of income earned from NON-AGRICULTURAL activities is passed off as income from agriculture. With a view to plugging this loop hole and with a lot of out lay going towards development of village-infrastructure, it is but reasonable that that sector should also contribute its mite. I, therefore, suggest that income from agriculture beyond 5.00 lacs should also be brought in the tax bracket and taxed at 10% upto 10.00 lacs and at 20% above 10.00 lacs to 20.00 lacs and at 30.00% beyond 20.00 lacs. A lot of corporate businesses s acquire or sell of their concerns by transfer of shares. this would attract tax if the transaction was in cash. Such transactions should also be valued at the then prevalent market price and suitably taxed. The Railways have been suffering for decades from neglect of proper up-keep and also need a lot of improvement in the existing infrastructure and systems. The freight-rates are, think already so high that any further increase will only result in loss of revenue to competition. There is also not much lee way to make much increase in high cost trains or classes, as this will result in loss of traffic to other modes of travel e.g. air/road. I, therefore, suggest that the passenger fares for all classes be increased by 10% with a minimum of Re.1.00 to a maximum of Rs. 200.00 per ticket. With a lot of private hospitals coming in the country, medical care has now become completely commercialized and is already getting beyond the means of common citizens. MANY HOSPITALS HAVE BEEN CHARGING PATIENTS HEAVILY AND UNREASONABLY. With a view to curbing this, the government must grade all hospitals and fix standard coast for all procedures, and medical aids like stents etc. I SUGGEST THAT THE HEALTH MINISTER DOES GO THROUGH GEORGE BERNARD SHAW's PLAY "THE DOCTORS DILEMMA" AND HIS PREFACE TO THIS PLAY TO FULLY APPRECIATE THE IDEA BEHIND WHAT I AM SUGGESTING. In the field of electronics, computing etc, while our country has done quite well in software production, we are abysmally lacking in hardware production. SOFTWARE BECOMES USELESS IN THE ABSENCE OF HARDWARE. IT IS, THEREFORE, ESSENTIAL THAT AMPLE CARE IS GIVEN TO PROMOTION OF HARDWARE PRODUCTION IN THE COUNTRY. High incentives should be extended for such ventures which star production of hard ware on their own or in collaboration with foreign concern with technology transfer. Educations at primary, middle as well as higher levels as become too costly and beyond the means of a majority of citizens. The requirement of admitting at least 25% of poor students is mostly not met by private institutions. One of the reasons is that most of these institutions are run by trusts etc headed by politicians and have become a source of earning unaccounted money and black money. This must be curbed. ALL RECOGNISED EDUCATIONAL INSTITUTIONS MUST ADHERE TO A STANDARDISED STRUCTURE OF FEES. more  

1. Income Tax exemption limit for individuals to be raised to Rs 6 Lakhs, senior citizens Rs 10 Lakhs (above 70 years) 2. Withdraw tax exemption to religious trusts. Instead extend deduction for spends on society and nation building activities such as setting up and operating schools and hospitals in rural areas, sports development or contribution to a National Development Fund 3. Set up National Development Fund for voluntary contributions from private sector and run this through government-private partnership. Use the Fund for rural development, rural education, healthcare for rural areas and senior citizens and other social security initiatives 4. Split railways into four zones and privatise each through disinvestment and FDI. Bring in competition between the units privatized. 5. Allocate a budget for clearing backlogs in judicial system (ie., by deploying retired judges and fast track courts) 6. Allocate a budget for revamp of voter database ie., infuse technology to create a central adhaar linked voter database that helps in updating address changes and people mobility 7. Allocate a budget for revamp of our sports system and with the aim of developing sportspersons for the next Olympics 8. Plan atleast 10% cut in government expenditure. Dismantle departments that do not add value and provide VRS to officials who are not performing 9. Introduce 10% income tax for agricultural income 10. Lower the limit for disallowance of cash payments to Rs 10,000 11. Raise tax audit limits to Rs 10 crore for business and Rs 5 crore for profession. Bring agricultural income within its ambit 12. Remove all tax exemptions to political parties 13. Allocate significant budget to infrastructure, irrigation, improving ground water levels, environment preservation, de-congestion of metros and creating more smart cities, river linking and water ways, digitization, education, rail safety and modernization, setting up four world-class multi-disciplinary universities in each of the regions - North, South, East, West 14. Shut down Air India passenger services and restrict its operations only for government use. 15. Shut down all public service undertakings which do not offer National value 16. Allocate a budget for setting up a National Incident Response Force and System to protect women and human lives 17. Tax exemption for start-ups to be extended to all of the first five years (instead of 3 out of 5 years) provided the taxable income is below Rs 10 crores, revenue and capital invested is below Rs 50 crores more  

Present position has to be continued due to shortage of new currency in India and to encourage online banking etc. more  

WATER WATER EVERY WHERE BUT NOT A DROP TO DRINK--This is the Indian Budget.. Though Crores of rupees are allocated to various schemes, the Govt.of India have no mind and heart to allocate any funds for the sake of Senior Citizens. The GOI have forgotten that these Elders are none other than Physically challenged persons, who are dependent on others on everyday their living. They are no better than WOMEN and of course in the ELDERS category, women are also included. The concessions given women, Physically Challenged persons (physically handicapped persons) are not extended to Senior Citizens (Elders). Even in the announcement made by our BELOVED PM he informed that the interest rate for Elders will be at 8% for a period of 10 years FIXED DEPOSITS. Is it not ridiculous to expect that all Senior citizens will remit all his savings in FD for 10 years and could live till the expiry of 10 years to receive the depreciated amount at that that time? Any amount of detailed study made by GOI sponsored NGOs and other independent NGOs and their findings and reports have been flown in to thin air since ther Senior Citizens have separate representation to ventilate their grievances. The Ministry of Social welfare are turning blind eye in respect of ELDERS who have rendered yeomen service to nation during their active life period. In this ELDERS category from EX PRESIDENT OF INDIA to poor village who crossed their active part of life will fall. Of course, top politicians and similarly placed persons will get financial and other perquisites even after they quite their service after political life or retirement and hence they have no chance to think of other Elders in this country. It is high time that Mr.Modi who is supposed to carry the flag for all suffering Indians must ponder on the PLIGHT OF ELDERS OF THIS COUNTRY AND GIVE ENOUGH RELIEF AS ALREADY POINTED OUT IN THE LOCAL COUNCIL POSTINGS. more