New BUDGET 2016.
1) Reduce INCOME-TAX rates to 2% to 3%.That will increase more tax-payers.(2) Interest Earned on Fixed deposits Rs.5,00,001/- should be TDS. Remove 15G & 15H. This should applicable to All Bank,Financial Institutions (3) Expenditure Rs.5,00,001/- above will with PAN. more
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1) GST must be implemented 2) Some Acts to be repealed because the British rulers have framed all the Acts, not with correlated with indian situation. Acts to be framed at present stage but not for the benefit of wrong society. 3) If any person return his/her award or any prizes to the Govt. his/her accounts must be scrutinize by the Income tax department . more
Jan 05
Maximum rate of Income Tax should be 20%, even for declaring hidden income. It will cover black money would encourage to pay tax by majority. As far as TDS on interest, it must be removed since majority of depositors are non income tax payers but are not aware with system of refunds or feel it very cumbersome specially in case of small amount of refund. Moreover it mandatory to cut TDS while income of interest is more than 250000 (at present) while it is possible that after claiming deduction u/s chapter VI, the person need not to pay IT. In that case he has to unnecessary fight for refund. It may be avoided. more
Jan 03
all are liable to pay taxes. It has to be made compulsory that receipts with serial numbers and dates are paid for all transactions. It is a fact that merchants , particularly jewelers are not paying receipts proper more
Jan 02
Dear Sir, Please new rule of Income tax. Rule 114b(1) PAN card is compulsory of every deal. here there is no attachment procedure so i can't attached PDF file. more
Jan 02
