Honoring Income Tax payers of India.
The so called highest income tax payers so called rich people of our country must be hiding and evading much more TAX than what they are depositing with the Government. There is no need to do that in fact if they do proper study and survey of all TAX payers in business category the Government will get huge revenue.
In fact the Government should reduce the INCOME TAX RATES and increase the TAX on HSD ,PETROL GAS ELECTRICITY MOBILE CALLS COAL CARS and TWO WHEELER ,where it is easy to collect TAX it will increase the revenue manifold without much efforts
RAILWAY FARE AND AIR FARE should also increase @5 % per year which is normal inflation rate it will reduce un warranted unproductive travel and also reduce losses suffered by Government. where TAX can be collected easily like petrol and diesel the tax should be high and it should be lowered on other items.
In fact Corporate Income TAX to be increased by large amount with out any exemption as the same is audited by internal and external auditors so it is easy to collect and the corporate always collect the TAX amount from the customer who use their product or services. To that extent the persona; income tax can be reduced
There should be Income TAX on agriculture produce also with basic exemption limit of Rs 10 Lacs for individuals income more
In fact the Government should reduce the INCOME TAX RATES and increase the TAX on HSD ,PETROL GAS ELECTRICITY MOBILE CALLS COAL CARS and TWO WHEELER ,where it is easy to collect TAX it will increase the revenue manifold without much efforts
RAILWAY FARE AND AIR FARE should also increase @5 % per year which is normal inflation rate it will reduce un warranted unproductive travel and also reduce losses suffered by Government. where TAX can be collected easily like petrol and diesel the tax should be high and it should be lowered on other items.
In fact Corporate Income TAX to be increased by large amount with out any exemption as the same is audited by internal and external auditors so it is easy to collect and the corporate always collect the TAX amount from the customer who use their product or services. To that extent the persona; income tax can be reduced
There should be Income TAX on agriculture produce also with basic exemption limit of Rs 10 Lacs for individuals income more
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Mr. Prakash Bhave appears to an Income Tax payer. While suggesting to reduce the Income Tax rates and increase taxes on many essential commodities, he has forgotten that less than 10% of our populace pay income tax where as cent percent people need the stated commodities for their daily us. More than 50% of our people are still living BPL. How a person getting a fat pay packet at the end of each month could be so insensitive towards the remaining folk who are fighting every day to earn for their bread & butter for that day! more
Nov 13
Honoring highest taxpayers created very positive environment and encouraged better compliance. Tackling Tax evasion through enforcement is a separate issue. Tax on commodities is easy to collect but considered retrograde all over the world. On this logic income tax should be scrapped. But, this is the only tax which tries to bring equity.Rich pay more. Poor pay less. We must think carefully before trying to disturb universally accepted principals. KJS Retd CCIT. On 8 Nov 2018 19:51, PRAKASH BHAVE wrote: more
Nov 11
It's like saying that all those who top the exams must have cheated so they shouldn't be praised. more
Nov 09
