Suggestion on Indian Taxation System

Request to all to give suggestion for clean and fair taxation system in India. We have many taxes and very complicated system of taxation. Why should not we have simple taxation system so that every body shall pay taxes in exchequer and money shall also use in development of nation.
Taxation have very big roll in development. We talk about FDI etc. Indian and foreign investment will only attract when simple and transparent Tax regime.
We can provide GOI good suggestion regarding taxation matters.
CA Sudhir Bhansali
Jaipur more  

View all 12 comments Below 12 comments
Every citizen is to be treated on equal level for the purpose of taxation system. There should not be any exceptions which gets complicated for different tax rates. The definations also fixed and there is no conditional meaning of the term defined. one rate per subject is to be followed to simplify the system. more  
1. The common man is also to purchase Rice at Rs.50/- per kg and the individual drawing TWO LAKHS per month also has to purchase paying the same Rs. 50/- per kg . The same is in the case of medicine milk etc., too . HENCE TRANSACTION TAX WILL DO INJUSTICE . 2. The very simple Taxation System with 100% Justice to individual is only the Wealth Tax with different Slabs and Rates . more  
Sir, being a CA I think you can help people of this country worrying about gST, can you prepare " how to" knowledge base which have sales purchase invoice entry to filing return procedures in simple ways including common business around us and post ? people are confused about cgst, sgst igst etc in which business both cgst and sgst or igst together applicable etc..... it will be a great help for people in confusion for the time being.......... more  
you are very great person sir more  
The non limitation to Wealth need Taxation on Wealth & Tax on Income beyond the luxurious needs of a Family . Hence , Tax be at stages starting from the Minimum requisite for a Family to Eat , Pay for Rents , Clothing , Education and Medicine ; to the luxurious needs . Taxing all the economic categories at equal rate or slab is INJUSTICE TOO . more  
Post a Comment

Related Posts

    • Ancestral/Family property taxation in budget is bad

      Most important is indexation on real estate/property is gone with this budget. Now if you bought a property in 2004 for 25 lacs and plan to sell the same now. earlier you would have got benefit of ...

      By Amit Mishra
      /
    • Budget 2024 highlights

      1)India's inflation continues to be stable and moving towards 4 pc target; core inflation stands at 3.1 pc. 2)India's economic growth continues to shine. Global economy is still in the grip of...

      By Darshan Rao
      /
    • Economic Survey of Govt brings out what LC surveys have been saying

      Today's Economic Survey has spoken some very harsh truths. I'm not only talking about stock market speculation. It says 50% of Indian graduates are not employable 65% of peopl...

      By Darshan Rao
      /
    • Investigation of sudden deaths

      Yesterday a friend’s relative in Auranagabad died in the gym while exercising. Sudden death due to heart attack. (Attached video) LocalCircles i remember had raised this issue in D...

      By Asha Rathi
      /
    • Earnings Savings Squeeze survey

      Is a good reflection of reality https://www.localcircles.com/a/press/page/household-earnings...

      By Swati M
      /
    • Can we do survey on charges on banks

      Indian banking system is a loot and print media is hand in gloves. They dont write about issues people face. Here is a first hand experience: Wanted my SBI savings acc statem...

      By Shailesh Deshmukh
      /
    • Budget related aam aadmi issues

      Earlier pre Covid I remember LC Manager used to do budget surveys which would then be escalated to Finance Minister. Why has LocalCircles stopped this exercise? We as people should deman...

      By Sudesh Rai
      /
    • 9 in 10 face call drop in India

      Excellent work LC Manager on escalating this call connection and drop issue. Most amazing thing is Govt let them increase tariff without any accountability.

      By Rajesh Suri
      /
    • Spineless media of India

      Our print media has become totally spineless. Despite all the 3 telcos increasing mobile tariffs one by one within 2-3 days, none of our business or general papers were able to show some guts and q...

      By Amit Mishra
      /
    • What’s wrong with India

      Here is What is wrong with this country -The PM meets youtubers, billionaires,cricketers but not the victims of various tragedies and scams. - People were seen carrying dead b...

      By Ruchika L Maheshwari
      /
    • All should be banned from making copies of pan and aadhaar

      Everyone please read this LocalCircles report and forward to all your WhatsApp groups. https...

      By Seema Shah
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)