ARE THERE ANY IDEAS FOR THE UNION BUDGET FOR THE YEAR 2017- 2018

ARE THERE ANY IDEAS FOR THE UNION BUDGET FOR THE YEAR 2017- 2018

Q: ARE THERE ANY IDEAS FOR THE UNION BUDGET FOR THE YEAR 2017-2018?

A: YES THERE ARE SO MANY IDEAS FOR THE UNION BUDGET FOR THE YEAR 2017-2018.

UNION BUDGET must be with a good aim,Transparent and strong intention to develop all the community and all the regions of the country and protect the country.Every one have only 24 hours a day. Out of 24 hours every one is working about 8 to 10 hrs a day. But only 10% of people are becoming too rich and 90% of people are becoming too poor to middle class. Only few regions are being developed. why? where are the loop holes? The young generation should understand these imbalances in the country and must try for stop the corruption & Black money and selfishness and rectify the loop holes in the laws and give more powers to the Election commission.
So,

01. The aim of the budget should control the corruption & Black money.

02. It should make the poor (labor, cast professions,employees and must remove the beggars)to become rich.

03. It should develop the Industries and Infrastructure.

04. It should remove the poverty.

05. It should reduce the fear in the people and create interest to live.

06. It should increase the employment opportunities.

07. It should improve the moral responsibilities & Accountability in the people.

08. It should able to utilize all the resources including man power.

09. It should encourage the the exports and Imports and Foreign Direct investments.

10. It should encourage all types of people to work for their own country interestingly.

11. There should not be any scope for selfishness.

12. It should not make the people to become as vote bank and should not make the people as beggars,liar's and thieves. 

Simply 1% increase of tax and 0.5% decrease of tax, increase of 1% rebate and decrease of 0.25% surcharge etc. all these are make confuse and critical for the remembering of Tax calculations.

Today, even degree passed people also are not able to understand the income tax calculations and not able to file the Income tax returns independently. Hence further simplified the returns filing system.

The present Income tax system highly punishing,  only  the salaried employees ,by way tax. Because the employers are maintaining the salaries records perfectly. Where as the Big kirana shop people, Pan shops, Hotels, Chat bandies ,Barber shops, Poojaries, Vasthu , Jyotish consultants , Cloth business people, political leaders , Lawyers, Doctors, Commission agents, do not maintain any records and hence they are becoming too rich and constructing so many buildings within months or within years, by evading taxes. This  vote Bank system is not correct.

In every family, children, men, women, Sr.citizens and super Sr.citizens are there. Then why the different tax calculations?

The Tax system should be able to make the poor and rich equal. Collect the more taxes from rich people and use the money for development of country and the poor welfare schemes. Now the proposal increase of wealth tax slab from Rs.30 lacks to Rs.5 Crore , how far it is justified? And now it is giving a chance to become rich too rich.

Hence, I would request the respected and honorable Finance Minister, Prime Minister and President of India to consider the following suggestions in the coming Financial Budget.Declare the Tax holiday for 5 years as a 5 years plan for individuals, providing an option to file the returns for refunds and other reasons.

Increase the IT exemption limit Rs. 5 lacks. Common to all the people. And Rs. Rs.5.01 lacks to Rs.10 lacks 10%, Rs.10.01 to Rs.15 lacks 20% and Rs.15.01 lacks to and above 30%. Under sec.80cc, increase the limit to Rs.6 lacks to all the individuals and remove all the sections and surcharge and education Cess  etc.,

Waive all the tax demands of individuals below Rs.25,000/- in a year.

Introduce the Taxes on Big Kirana shop people, Cloth business people , Hotels, Pan Shops, Chat Bandies, Lawyers ,Doctors and others.

Introduce the Tax on all the political and party funds.

These five years , concentrate on Black Money and corrupted money. Concentrate these five years to collect the Black Money and corrupted money of Indians from Indian banks and International Swiss banks.

These five years, Identify, collect and sell or put action  on the Binami Assets with the co ordination of ACB, CID, CBI, state and central vigilance and Inter poll. Simplify the tax calculations and should be easy to understand the even a 10th standard people and create interest in them  to pay tax for the sake of nation and prove their honesty. Do not make the people liar's and Tax evaders.

Rich people, corrupted people and Black money people must pay more Income Tax. 

Hence, Wealth tax exemption limit may be increased to Rs.50 lacks only. Wealth Tax rate should be as it is 1%.

The names Trusts, Societies, Nilayas and Machineries and Charities etc., all are masks of corruption & Black money. Hence Introduce and collect the taxes on their Incomes and Assets. Unfortunately, today we do not have the famous leaders like Mahatma Gandhi , Vinobha bave , Jaya prakash Narayan etc., to recover the corrupted money and Black Money with their honest and sweet words. That means without any force , punishment and legal procedure.

Through this type of Budget also the Govt. will able to recover more funds (Taxes & Black money) to use for the Industries & Infrastructure development, employment generation,education and can use the funds for poor welfare schemes. The poor will become rich and live with the morality as well as comfortable. Once the corrupted people punished and recovered the black money and Binami assets, utilize all the man power , common & genuine People will get the confidence in the govt. and other people fear to do the corruption and build up the black money.

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