Suggestions:Retired Govt servants and other senior citizens cannot subscribe to any GPF or CPF and get rebate in incometax. Hence, (i) rebate for Sr.citizens be increased to Rs.20,000 , and (ii)the PPF scheme for Sr.Citizens be kept for 5 yrs or till the age of 70 years, whichever is earlier.
Thanks...Professor K.K.Nigam, Former Dean of Law, Delhi University
Tue Feb 20 23:51:28 2001
Name:dipanjan chatterjee
Email:dipanjan_chat@rediffmail.com
Suggestions:sir,
i don't know much of economics but i can say you that the goodeffects of the liberisation policies are not reaching the majority of the population. indian currency is slowly but steadily loosing ground against the american dollar
moreover the indian politicians are willfully ignoring the population explotion. we are not just a vote bank. you shall not be able to control your fiscal deficit in a welfare state till you are able to control the number of projected benificiaries. you are a very learned person. kindly keep these things in mind
yours faithfully,
dipanjan_chat@rediffmail.com
Wed Feb 21 07:07:23 2001
Name:amba prasad
Email:multilines@rediffmail.com
Suggestions:if u can reduce the percentage of income tax, from 40% i think many people will come forward to disclose their actual incomes and they pay accordingly.
Wed Feb 21 08:27:18 2001
Name:Padma
Email:padma_sekaran@yahoo.com
Suggestions:1. Removal of subsidies from all petroleum products.
Wed Feb 21 09:30:03 2001
Name:Venu Velloth
Email:venu_velloth@rediffmail.com
Suggestions:I would request you to consider imposing a USD 10 Arrival charges on all International Airline tickets issued outside of India. This will eliminate the burden of the same for Indian citizens based in India and hence avoid criticism. If we look at the total amount collected as various taxes by rich USA on each ticket comes to USD 41.80. We could imagine he amount collected by them based on the volume of travel to USA. But they have exempted certain taxes to free ticket holders and some other categories which can be verified from DGCA etc. I also would suggest the amounts to be shown in terms of USD or IATA units NUC so that the ups and downs of exchange levels are maintained. Right now we are only collecting Departure tax INR 500 equiv USD 12.45 approx.
Thanks much for going through this.
with best regards
Venu Velloth
Wed Feb 21 09:30:37 2001
Name:d.suresh
Email:sdamle1@rediffmail.comle1@rediffmail,com
Suggestions:dont charge income tax on withdrawl from ppf account it will be great burden on pensiners
Wed Feb 21 10:36:04 2001
Name:Prashant Sinari
Email:Prashant.Sinari@team.telstra.com
Suggestions:Get rid of the Haj subsidy - it is very unfair to all communities other than the Muslims. Besides, we are the only democratic country in the world which has a Haj subsidy.
Wed Feb 21 11:22:09 2001
Name:Uday Palkhe
Email:upalkhe@chequemail.com
Suggestions:Dear Sir,
Pl. help poor farmers by introducing expenditure tax on certain items like gold ornaments, vehicles,entertainment items etc.
also pl. stop increase in salary of employees who earn fixed x amounts at the end of month. One may feel it may affect economy, but Sir, money in the hands of 10 - 20% add fuel to inflation and 80 % poor indians suffer.
Thanks.
Wed Feb 21 11:43:24 2001
Name:MOHD SARFRAZ AZIZI
Email:sazizi@rediffmail.com
Suggestions:BUDGET 2001 SOULD BE MORE FAVOUR OF DEFENCE AND RESEARCH AND TECHNOLOGY.
Wed Feb 21 11:52:05 2001
Name:Ramamrat Iyer
Email:riyer.mas @mitsuibabcock.co.in
Suggestions:1.As you are aware that for the Power projectswe simply do not have money but the Power is required. What are youdoing for attracting Foreign Investment in Power.
One by one Power Plant Operators like Powergen, National Power, and CLP are planning to leave the country.
With the Power Demand is n US and now present Deregulation almost 40, 000 MW have been ordered and the Power Industry in US is booming.
With the present cold attitude of the Goverment and coupled with the ENRON fiasco I am afraid we are in for Power Famine in the country.
You are the only person to take the blame and I would therefore request you to instill confidance in the Investors from abroad to invest in power in India by providing all the IPP's exemption of Taxes and duties which will see all the Power Projects becoming viable.
Also The Central Government Guaranttee and Escrow may be reviewd and atmosphere created for Foreign Investment.
Wed Feb 21 11:52:27 2001
Name:Ramamrat Iyer
Email:riyer.mas @mitsuibabcock.co.in
Suggestions:1.As you are aware that for the Power projectswe simply do not have money but the Power is required. What are youdoing for attracting Foreign Investment in Power.
One by one Power Plant Operators like Powergen, National Power, and CLP are planning to leave the country.
With the Power Demand is n US and now present Deregulation almost 40, 000 MW have been ordered and the Power Industry in US is booming.
With the present cold attitude of the Goverment and coupled with the ENRON fiasco I am afraid we are in for Power Famine in the country.
You are the only person to take the blame and I would therefore request you to instill confidance in the Investors from abroad to invest in power in India by providing all the IPP's exemption of Taxes and duties which will see all the Power Projects becoming viable.
Also The Central Government Guaranttee and Escrow may be reviewd and atmosphere created for Foreign Investment.
Wed Feb 21 12:47:32 2001
Name:shantilal
Email:www.bejanwala@satyam.com
Suggestions:GIVE TAX HOLIDAY TO THE EFFECTED AREA OF GUJARAT AND SOME OTHER INSENTIVES TO THE EXISTING AND NEW INDUSTRIES , BUSINESS.
Wed Feb 21 12:50:20 2001
Name:Madhu GATTANI
Email:gattanim@hotmail.com
Suggestions:Dear Sir,
I am so proud to be an Indian. I am here in Australia, and believe me they dont know a thing about INDIA. They think INDIA is still that bullock cart country, where ppl wear torn clothes, no food to eat, cows and animals on road. Infact, i was once standing at a railway station and one female started chatting with me, she asked me if there were cars in INDIA .. pointing to the main road and telling me, you know that 4 wheel thing. I was disgusted and sad. Why dont we promote our INDIA like other countries do ... why dont we clean up india, why dont we bring laws in india .. about how to drive, no animals on road ... poilce behavior, why dont we promote indian tourism at global level????
I see adds of all countries in australia on TV, they show flashy pictures of their country and advertize their country. I am sure this does not cost much.
Please sir, i am getting tired of arguing with everyone here what my country really is. I tell them about our progress in IT, in technology, in education, in exports...but till they dont see it themselves they think i am bragging.
Please sir, take some steps do make India "THE ONE".
Please sir .. .. i am not sure this message witll reach you ... i am sure you will not even reply .. because i have posted messages on many sites, but i never get any replies.
But still i am worried about my INDIA, and i am trying my best.
Thank You SIR.
Madhu GATTANI.
Namaste.
Wed Feb 21 13:40:21 2001
Name:A K Bhargava
Email:abhargav@rediffmail.com
Suggestions:Honourable Minister Sir!
As protector of welfare of employees, Govt/Ministries have supported the scheme of PF so far so long. It has amassed substantial fund and financial muscle, which is catching the eye of FM.
New move of Finance Ministry to make PF a "Finacial Cow", by taxing withdrawals from PF is worth opposing, as PF is "sacrosanct cow" for salary earning class, not for slaughter on one fine morning, like this.
Needless to reiterate that contribution to PF is made by employees at a minimum rate, which is not in their hands. Adding to this a compulsion by imposing tax on withdrawl is not fair at all.
Withdrawls are required by many even before retirement, eg for house building, marriages of children.
Moreover, a non-tax payer over a period of a decade or two may accumulate so much by monthly contribution that bugs ( thugs ? ) will be behind his blood (saved money ).
The question is then why should he contribute to accumulate ?
Even the tax-payer employee should have option to pay tax now or block his money for years and then pay tax at higher rates.
Roping in the salary class for solution of every financial cisis, is not at all desirable.
Submitted for consideration that PF be left as such, so far as new taxes are concerned.
A Salaried citizen
Wed Feb 21 14:40:27 2001
Name:S.V.Kancharla
Email:kancharlasv@rediff.com
Suggestions:Pls do not burden the middle class people by increasing the Income tax. One day salary cut is o.k. for helping earthquake hit people in Gujarat rather hvg increase in Income Tax.
Wed Feb 21 15:03:28 2001
Name:Anil Kelkar
Email:constronauts@vsnl.com
Suggestions:Honourable Finance Minister,
Please create a separate National Defence Fund and allow a deduction of three times the amount (or at least twice) for contributions to the fund. And use the fund to buy planes, tanks, aircraft carriers...
Ditto for a national population control fund. And please ensure that the accounting of these funds is made public.
Jai Hind!
Yours Truly
Anil Kelkar
Wed Feb 21 15:43:21 2001
Name:V.Mahesh
Email:v_mahesh2@rediff.com
Suggestions:The Goverment has hinted at additional tax burden to the salaried employee who is paying 80% of his salaried income directly and indirectly to the goverment. What steps do you plan to only consider burdening the common salaried person. How are you ensuring that all the funds recieved as relief for the Gujrat quake reaches the neediest . Any Answers
Wed Feb 21 15:59:42 2001
Name:Bhaskar M.Bhojak
Email:bhaskar1@satyam.net.in
Suggestions:Dear Sir,
I am a practising chartered accountant and I wish to suggest that there should be a minimum threeshold limit should be fixed for the applicability of service tax to the person.
For example,any person having gross receipts of less than Rs.10,00,000/- should be exempted from charging service tax.Because this will reduce the hardship of the small people to deal with the tax authorities.
Thanking you
Bhaskar M.Bhojak
Wed Feb 21 16:00:28 2001
Name:Bhaskar M.Bhojak
Email:bhaskar1@satyam.net.in
Suggestions:Dear Sir,
I am a practising chartered accountant and I wish to suggest that there should be a minimum threeshold limit should be fixed for the applicability of service tax to the person.
For example,any person having gross receipts of less than Rs.10,00,000/- should be exempted from charging service tax.Because this will reduce the hardship of the small people to deal with the tax authorities.
Thanking you
Bhaskar M.Bhojak
Wed Feb 21 16:10:25 2001
Name:atul gupta
Email:gupta@bom3.vsnl.net.in
Suggestions:Many economists have come and gone leaving a trail of disaster behind them. I am writing this as an engineer from IIT, to suggest that
- firstly, india needs a long term theme under which the budgets are presented. Till date, the budgets were directionless, without any focus.
Say themes can be 'Reduce taxes' to zero, Decrease govt expenditure by 20% in next 5 years etc etc.
- secondly, simplify things. In the engineering world, the most complex models are also the most simple in design. If we keep outdated laws, complex forms and procedures, we r not going to head anywhere
- thirdly, get the government off the back of the people, this country will again become a land of milk and honey, just leave it to us.
atul
Wed Feb 21 16:10:47 2001
Name:laxminath
Email:laxminath@rediffmail.com
Suggestions:HONOURABLE FINANCEMINISTER,
SIR,I AM A RESIDENT OF NIZAMABAD DISTRICT OF ANDHRAPRADESH.HERE THE METRE GUAGE RAILWAY LINE BETWEEN MUDKHED-NIZAMABAD-BOLARUM(NEAR SECUNDERABAD)NEEDS TO BE CONVERTED TO BROAD GUAGE.SIR, IT IS A VERY IMPORTANT RAILWAY LINE WHICH HELPS A LOT TO THE PEOPLE OF TELANGANA.IT WAS NEGLECTED FOR PAST 5YEARS.EVERY YEAR WE ANTICIPATE OF SUFFICIENT FUNDS FOR THIS GUAGE CONVERSION.BUT EVERY YEAR WE WERE DISAPPOINTED.PEOPLE HERE ARE GETTING IMPATIENT WITH THE RAILWAY MINISTRY.EVERYBODY HERE,INCLUDING THE POLITICIANS KNOW THAT IT IS A VERY IMPORTANT RAILWAY LINE. IT ALSO BECOMES A SHORTEST ROUTE TO MUMBAI FROM SECUNDERABAD IF IT GETS CONVERTED TO BROAD GUAGE.SIR, I REQUEST YOU TO IMPRESS UPON OUR HONOURABLE RAILWAY MINISTER TO LOOK IN TO OUR PROBLEM.IT HAS BECOME A PERENNIAL PROBLEM OF TELANGANA WHICH IS HINDERING THE GROWTH OF THE BUSINESS HERE. I REQUEST YOU TO ATLEAST TALK TO OUR RAILWAY MINISTER. SINCE THERE IS NO WEBSITE FOR OUR RAILWAY MINISTER AND SINCE YOU CAN IMPRESS UPON OUR RAILWAY MINISTER I AM REQUESTING YOU TO LOOK IN TO OUR PROBLEM
WE LOOK FORWARD TO YOUR PROMPT RESPONSE.
THANKING YOU SIR,
YOURS SINCERELY,
LAXMINATH,
NIZAMABAD,
ANDHRAPRADESH.
Wed Feb 21 16:11:04 2001
Name:atul gupta
Email:gupta@bom3.vsnl.net.in
Suggestions:Many economists have come and gone leaving a trail of disaster behind them. I am writing this as an engineer from IIT, to suggest that
- firstly, india needs a long term theme under which the budgets are presented. Till date, the budgets were directionless, without any focus.
Say themes can be 'Reduce taxes' to zero, Decrease govt expenditure by 20% in next 5 years etc etc.
- secondly, simplify things. In the engineering world, the most complex models are also the most simple in design. If we keep outdated laws, complex forms and procedures, we r not going to head anywhere
- thirdly, get the government off the back of the people, this country will again become a land of milk and honey, just leave it to us.
atul
Wed Feb 21 16:31:33 2001
Name:deepak agrawal
Email:deep_micky@yahoo.com
Suggestions:dear sir
please make taxes such easier so that we all try to pay them on time and correctly
Wed Feb 21 16:33:36 2001
Name:N Karmali
Email:nareshkarmali@redif.com
Suggestions:Dear Sir,
You have been taxing the salaried class the most since salaried class cannot avoid/evade the tax. But you are implementing the tax laws properely in unearthing the hidden income of politicians who evading the tax with connivance of CA s. This year you try to increase the revenue by reducing the expenses and not by additional taxation.
Thank you.
Wed Feb 21 16:40:26 2001
Name:vikram doctor
Email:vikramdoctor25@yahoo.com
Suggestions:Dear Mr Sinha,
After you've presented a lousy budget last year... please do not do it this year. The markets crashed 300 points last year. and this year i beleive it would fall 400 points.
my suggestions are: 1) give tax incentives for infrastructure projects, 2) spend more in education 3) cut the inefficient bureacracy and 4) if you can't do the above then resign and pave way for some efficient person.
thanks
Wed Feb 21 16:49:58 2001
Name:rohit kumar
Email:rohitk99@yahoo.com
Suggestions:kindly relax taxation for thsalaried employee and more focus should be on the people who are in business and evading taxes
Wed Feb 21 16:53:38 2001
Name:jayesh gada
Email:bpb@bom4.vsnl.net.in
Suggestions:dear sir,
don:t impose any tax on middle and common man as well as don"t increase burden on common men , but if ua really faithfull the indian public
take action against those defaulter, super stars and bussinesman who have not paid taxex as well as declare defaultly by various banks...
but it all depends on your morale...
Wed Feb 21 17:49:04 2001
Name:rajiv varma
Email:sarvatra@hotmail.com
Suggestions:dear sir,
kindly keep small sector in focus,it is the lacs of firms in india that have no forum ,but represent a type of traditinal business that has stood the test of time for hundreds of years.
sir,we only wish to have some concessions like removal of cap on interest paid to prop/ptrs by the firm ,a- in the firm by capping the rate of interst payable.so far as it does not lead to loss.
2-in the hands of individual ,a rate of tax like dividend tax say 10%of int amt.
3-some incentive in firm tax for pricipal loan repaid to banks /finance cos.
with regards
rajiv
Wed Feb 21 17:51:48 2001
Name:optalwar
Email:opt2000@rediffmail.
Suggestions:My suggestion -
1. Service tax to increase to 6% ,
2. Duty rationalisation in bracket 12/16 & 20%,
3.No surcharge due to Gujrat ,
4. increase in rail fare by 10%,
5.Sale of loss making PSU with a committed time frame ,
6. Minimum 25% cut in Manpower Nos. in Govt deptt ,
7. Fixed maintenace allowance to minister / Gazetted offices - No other cost by Govt.
Regds
OPT
Wed Feb 21 18:02:27 2001
Name:Achal Shahare
Email:achalshahare@hotmail.com
Suggestions:Don't consider the
telephone subscriber
under IT,I don't think
that a person having more income can buy telephone,It is so chip that a person having below 60000 can subscribe tel.The rest 5 categories are ok.
Wed Feb 21 18:05:39 2001
Name:sreenivasan S J
Email:sreeni23@yahoo.com
Suggestions:taxing DA & CCA
As these allowence are given in especially for meeting the inflation and high cost of living why it is taxed.
2)is it possible to make a lively hood in a city with Rs 5833.33 per month(ie.,rs 20000(standard deduction)plus rs 50000(nil tax limit).
the rent itself is 2000min;normal path way food per day cost rs 150 for a family of two ie., 150*30=4500 Rs So the toatl itself is 6500 rs per month.
now what about others like medicine;food;travelling etc.
please consult also they lay man not only corporates and politicions last not least power players.
thanking you,
a poor citizen of India.
Wed Feb 21 18:11:50 2001
Name:Sanjeev Mangoli
Email:amogheng@vsnl.com
Suggestions:Dear Mr. Finance Minister,
WHy are you not taxing the rich farmers?
Keep a different slab but you should tax the farmers individual farmer's income.
Is he not benifited by the infrastructure?
Please consider this.
Also why are you adding the surcharge for earthquake?
Can you not do something to recover all the due from the tax defaulters?
even if 20% recovery is there it would be a great deal
When and how are you going to reduce the Government spending?
How would you make these Goverment bodies responsible and accountable?
Looking forward for a balanced budget for taxation norms for Direct and Indirect Taxes
Wed Feb 21 19:15:16 2001
Name:ASHUTOSH BHATT
Email:ashu_arb@indiatimes.com
Suggestions:Dear sir,
We,the serice people,
do feel betrayed and deceived on every Budget provisions&concessions
We feel the slabs are not practical &
are not aimed at anything but to squeeze a middle class fellow to feed the niches.
You should do something for us in this Budget
THANKS,
ASHUTOSH.
Wed Feb 21 19:23:21 2001
Name:Aditya Datar
Email:adityadatar@rediffmail.com
Suggestions:Agricultural Income should be Taxed..Cash Crops and fruit crops Should be seperated from food grains and cerials. Corporates should be allowed to enter Agriculture though a Land cieling of 100 Acres can be imposed. Agriculture should be enquraged as an Industry with Income Tax on similar slabs for Agricultural Income Holders.
Wed Feb 21 19:30:23 2001
Name:gigy verghese
Email:gigyverghese@rediffmail.com
Suggestions:SIR,
HIGHER RATE OF INCOME TAX INDIA 40% U/S 194B.
PLEASE REDUCE TO NORMAL RATE 30% REASONABLY
GIGY VERGHESE
Wed Feb 21 19:41:01 2001
Name:B.N.Bhatt
Email:bnbhatt@rediffmail.com
Suggestions:To,
Honorable Finance Minister
Respected Sir,
I am a lower middle class man. I could understand that making the budget for the Indian economy is the toughest job. It is very difficult to satisfy each one in India having various classes of people. Further more in the present political/economical situation your job makes tougher. Also it seems nature is also testing your job. Under the circumstances, obviously we expect a tough budget from you for the year 2001-02. However, although I am not an economist, but would like to request you as bellow for your kind consideration:
1- Budget 2001 should be tough in fact very tough but for the government/politicians and not for the common men. I would sincerely request, if possible (I believe it is possible) to cut drastically all the expenses being incurred on A/c of the politicians. Do you believe that in India where more than 50% people are not even fulfilled with their basic requirement (food/clothing/shelter) can afford shahenshahi expenses on non-productive areas? (I do not want to specify everything because you are wise enough to understand. But still one example which I recently read in paper that few netaji were met at a five star hotel in Mumbai and incurred expenses of nearly 15 lakh to discuss on how to bring down the poverty in India) I am not able to understand how a rashtrabhakt RSS man can allow such things.
2- Tax base should be widen up and not the tax rate. It is known to every one that what is the income of a doctor/professional/shopkeeper etc. How much IT they are paying. I believe that in India, only salaried employees are paying tax honestly (because tax deducted from the salaries before it comes to our hand). In such case tax rates may be increased for others than salaried people by reducing tax rate for salary class. As an honest Indian do not mind to pay taxes for development of infrastructures and growth of India. I want to see my India on top of the world.
3- Tax to be introduced on agricultural income since all the relaxation’s in electricity/water etc given by the government are enjoyed by the big landlords only and poor farmers are not getting anything.
4- Strict recovery of taxes should be made. Many a times it was declared in the parliament also the tax amount to be recovered from the so-called big shots of the society. Are they God or above the law that even after not paying taxes in huge can walk free with white color in the society. They simply don’t pay the taxes and fight the cases in court of law for 10/15 years. If necessary law should be made/modify to ensure the fast recovery. If any body wants to go to law let first pay the due taxes and than fight in court for 15 years.
5- All loss making PSU should be privatized or closed down. I know CPI will shout/cry on this issue but don’t bother about them because you have to run the Indian economy and not by CPI. What is need of Government to run a loss making unit whereas the same kind of private unit makes huge profit. Why so? Nearly 27 Ps. Of a rupee is goes to such loss making units.
6- Pay off debts as much as possible by generating funds from dis-investment of loss making PSU. This will bring down interest burden.
7- Crack down heavily on corrupted people without coming under any pressure. Thousands of crores can be recovered if sincere efforts are made.
8- Boost should be given to small domestic industries so that they can compete with the international market. Cottage industries also should be given boost that will help in reducing the unemployment.
9- Education and health to be given priority. Only educated and healthy people can help India grow.
10- Enough funds should be made available for defense. Our great and brave army should not be on back
Seat due to lack of fund.
I think this is enough from the heart of a common man. I pray god to give you enough courage to build a strong and world powerful India.
Jai Hind
Wed Feb 21 19:49:46 2001
Name:ASHISH SINGH
Email:ashish_sep@rediff.com
Suggestions:CRR should be decreased.Govt should
try to invest more on
agriculture and small_
scal industry.Govt should look for new
provision regarding
collection of tax from middle-class
family who suffer a lot due to bad policy.
Wed Feb 21 20:03:45 2001
Name:Akbar K Chitalwala
Email:htapes@vsnl.com
Suggestions:Without influencing Excise,Income-Tax & Sales-Tax inspectors-commissioners it is very difficult to do buisness paying all the taxes honestly also so please come heavily on corrupted government officials without which Our Nation may Never Prosper.
Wed Feb 21 20:11:32 2001
Name:PRADEEP MADAN
Email:highmove_74@yahoo.com
Suggestions:Dear Honourable Finance Minister of India
i am from a poor class family ,,
i am looking for a job
please help me out
regards
pradeep madan
Wed Feb 21 20:22:31 2001
Name:Shyamkamei
Email:Shyamkamei@usa.net
Suggestions:invest for infrastructure in Manipur Tamenglong District. Develop National Highway 53.
Wed Feb 21 20:22:44 2001
Name:Shyamkamei
Email:Shyamkamei@usa.net
Suggestions:invest for infrastructure in Manipur Tamenglong District. Develop National Highway 53.
Wed Feb 21 20:30:30 2001
Name:murali_rajan
Email:muraj76@rediffmail.com
Suggestions:All the best for your second budjet.
Wed Feb 21 21:09:08 2001
Name:bhupesh
Email:bhupesh_sawhney@mantramail.com
Suggestions:fuck you
and your ideas
you bitch fucker
Wed Feb 21 21:09:08 2001
Name:bhupesh
Email:bhupesh_sawhney@mantramail.com
Suggestions:fuck you
and your ideas
Wed Feb 21 21:31:34 2001
Name:jp Reddy
Email:jpindia@netaddress.com
Suggestions:Is it impossible to tax every registered voter in the country?
Wed Feb 21 22:12:21 2001
Name:Sathikonda
Email:Sathikonda@rediffmail.com
Suggestions:Dear Yaswant Sinha,
I would like to suggest the following regarding filling of returns of income.
Please introuduce token fee in cash say Rs.5/- per each return. The cash receipt should be given on the date of filing the return by the A.O or some other authorised official of the concerned I.T.Office. If this system is introduced a lot of malpractice will be prevented in filing returns of assessees with whose turnover exceeds Rs.40 lakh rupees antidated with the help of corruptious officials. This also earns some revenue to the government. Collecting fee from assessees is not unconstitutional.
You are aware this system prevails in the companies act.
I request you to keep my name secret.
I will be very happly if I receive a personl reply from you regarding my suggesstion.
Thanking you,
yours sincerely,
Sathikonda
Wed Feb 21 22:13:28 2001
Name:Sathikonda
Email:Sathikonda@rediffmail.com
Suggestions:Dear Yaswant Sinha,
I would like to suggest the following regarding filling of returns of income.
Please introuduce token fee in cash say Rs.5/- per each return. The cash receipt should be given on the date of filing the return by the A.O or some other authorised official of the concerned I.T.Office. If this system is introduced a lot of malpractice will be prevented in filing returns of assessees with whose turnover exceeds Rs.40 lakh rupees antidated with the help of corruptious officials. This also earns some revenue to the government. Collecting fee from assessees is not unconstitutional.
You are aware this system prevails in the companies act.
I request you to keep my name secret.
I will be very happly if I receive a personl reply from you regarding my suggesstion.
Thanking you,
yours sincerely,
Sathikonda
Wed Feb 21 22:32:32 2001
Name:hkmehta
Email:hkmehta@vsnl.net.in
Suggestions:a minimum tax shall be
imposed on each individual,corporate,associations
or firm who are engaged in any business or profession
irrespective of taxable income
or not which will make every citizen to contribute some thing in nation building.
Wed Feb 21 22:38:26 2001
Name:L K SADANI
Email:lks@cal2.vsnl.net.in
Suggestions:Dear Mr F M
I would like to give a few suggestations for calrifcations on various grey areas in the Income Tax Act, 1956 .
1. Explanction to Sec 73 of the Income Tax Act, 1956 should be amended and made in applicable to companies whose principal business is trading in shares.The Income tax Department is using the said explanation against those companies also which have shares business as their principal business and companies having income from other sources are escaping from the provisions of this section .
2. The Assessee should be allowed to adjust their assesed Refudn against advance tax / self assessment tax.The unscruplus depatmental people are charging as high as 10 to 15% for granting determined refuds.
3. The initial slab of 10% should be made applicable for income upto Rs. 75,000 /- and the highest tax slab should be for income above Rs. 250,000/-.
L K SADANI
LLB FCS
Calcutta
Wed Feb 21 23:09:31 2001
Name:V.RAMESH
Email:venkatramesh@rediffmail.com
Suggestions:educational loans to all youth with or without security. share market to be streamlined small investors be protected . fiis be regulated.
small scale industries excise relief and spinning mills taxation be regulated. encouragement to village industries and direct funding by nabard for agro projects. working of kvic other institutions be streamlined. loans to weaker sections be financed directly by central institutions
Wed Feb 21 23:35:01 2001
Name:sailesh
Email:saileshv@hotmail.com
Suggestions:make income tax laws easy and clear.
Thu Feb 22 08:27:33 2001
Name:mukhija d.k
Email:mukhija@godrej.com
Suggestions:Surcharge on personal income tax
should be removed. The blunder to tax e. commerce business if done will kill
the internet business in the bud stage.
More and more service industries should be covered by service tax.
Some sops are required for the salaried class as they are
the only honest tax payers.
Hardware industry if given sops will automatically boost the soft ware business.
Thu Feb 22 10:05:13 2001
Name:raghu holla
Email:mail2holla@sify.com
Suggestions:kindly do the need ful for it sector its very important.
software /hard ware
Thu Feb 22 10:50:38 2001
Name:nareshsharma
Email:nareshsharma_59@rediffmail.com
Suggestions:Hon'ble Finance Minister Shri Yashwant Sinha ji,
Thu Feb 22 10:56:43 2001
Name:nareshsharma
Email:nareshsharma_59@rediffmail.com
Suggestions:Hon'ble Finance Minister Shri Yashwant Sinha ji, when your party was in opposition you promised government employees that you will raise income tax limit to Rs. 1,00,000/-. Instead of doing that you are crushing the government employees on whose vote and support you are ruling this country. The middle class which is the back bone of the BJP is cursing your rule. The poor is getting poorer and the rich is becoming richer. Is this your rule? You people talk big things and do nothing for the common man. I think that your party has sold its cherished slogans of swedishi. Can I request you that kindly do something for the middle class i.e. government employees in particular!
with regards
naresh sharma
Thu Feb 22 11:00:22 2001
Name:Balasubramaniam
Email:subramaniambala@rediffmail.com
Suggestions:Respected Sir,
please increase the limit for claiming interest paid on housing loans taken from approved financial institutions
for self occupied property.
At present the limit has fixed at Rs 30000
whereas for an amount
of Rs 500000 taken as
loan in jan 1999
I am paying Rs 60000
approx.I am not able to claim to full interest because i had drawn before the
FY from which the new provisions became applicable.
We request you to allow full interest paid for self occupied property as we have repay the loan emi of Rs 6500/-
apprx and we have less disposal income to save under Sec 88.
Because of this we have to pay more income tax.
Request you to kindly consider the uggestion favourably
as this would financial burden for salaried middle income group like me.
Thanking you
A.Balasubramaniam
Thu Feb 22 11:21:14 2001
Name:S Ganesh
Email:sganesh67@rediffmail.com
Suggestions:Sir, In order to make tax system simple and to avoid people giving false receipts and conceal income, I request you to consider deleting many of the exemptions available for income tax such as HRA etc., Instead of such exemptions, you can consider lowering tax rates. Thanking you
S Ganesh
Thu Feb 22 11:24:04 2001
Name:S Ganesh
Email:sganesh67@rediffmail.com
Suggestions:Sir, In order to make tax system simple and to avoid people giving false receipts and conceal income, I request you to consider deleting many of the exemptions available for income tax such as HRA LTA etc., Instead of such exemptions, you can consider lowering tax rates. Thanking you
S Ganesh
Thu Feb 22 11:38:43 2001
Name:soundappan
Email:soundappan@rediffmail.com
Suggestions:Respected sir,
Iam a commerce graduate and doing CA now.
In my view deduction u/s houseproperty for interest on capital is very hugeand would not benifit the lowerand middle class society .
basic exemption limit should be enhanced to Rs. 55000.
1/6 crieteria should be spreaded to othermajor cities.
INVESTMENT limit under section 88 should be enhanced SO AS TO get an rebate of Rs.15000/- for all persons.
deduction u/s 80-L should be enhanced to a minimum of 20000.
Thu Feb 22 11:39:47 2001
Name:A.N. Shende
Email:arvindshende2001@rediffmail.com
Suggestions:Dear Mr. Sinha,
You may not agree but background of the state experience of a minister helps in deciding the budget of PEOPLE OF THE COUNTRY. Kindly do favour of not punishing the service class and the the people at kitchen front. Please dont be over enthusiastic of imposing the extra taxes, so that next election could be seen properly by BJP and its allies.
Thu Feb 22 11:47:45 2001
Name:prakhar
Email:prakharpriya@rediffmail.com
Suggestions:sir,
remove the i.t. surcharge fixed after guj.earthquake.eachtime u have a natural calamity u put surcharge on i.t. remove it immd.
Thu Feb 22 11:53:13 2001
Name:Sandeep Sehgal
Email:sehgalsandeep@rediffmail.com
Suggestions:You said that in India we have lowest IT rate but Mr Finance Minister in other countries Education is free and then minimum limit is more.
New Delhi is expensive then USA and its hard to maintain things.
Please increase minimum income to pay tax to 1 Lakh and raise the savings in PPF to 80,000/-
Thanks.
Thu Feb 22 12:36:03 2001
Name:Pranav Sinha
Email:pranavsinha@123india.com
Suggestions:i am planning to buy a car, any idea about the prices of the cars r going to high
Thu Feb 22 12:36:18 2001
Name:Pranav Sinha
Email:pranavsinha@123india.com
Suggestions:i am planning to buy a car, any idea about the prices of the cars r going to high
Thu Feb 22 12:40:58 2001
Name:Ketul P.Sheth
Email:kets21@rediffmail.com
Suggestions:Dear Sir,
1]Please encourage Export from Small Scale Industry.
Thu Feb 22 12:50:08 2001
Name:K.P.Krishna murthy
Email:krishkp@hotmail.com
Suggestions:1.As most of the employees hv contributed for Gujarat,thru their employer, it would be appreciable if the surcharge levied is refunded.
2. Rebate under section-88 shd be increased from 60000/-to a lac.
3. Standard deduction should be given to all irrespective of their salary levels.
Thu Feb 22 13:05:08 2001
Name:arihant alang
Email:arihantalang@rediffmail.com
Suggestions:SIR
IN THIS BUDGET PLEASE REDUCE THE PRICE OF PETROL
AND ALSO OF SOFT DRINKS
Thu Feb 22 13:37:44 2001
Name:sathikonda
Email:sathikonda@rediffmail.com
Suggestions:Dear Yashwant Sinha,
Yesterday I have sent an email sugesting to introduce collection of filing fee for returns of income in whose case section 44AB applies.
Today I suggest to introduce the same for T.D.S. returns also like F.No.24, 26A etc., to prevent filing antidated returns in collusion with the corrrupt officials. This will earn income for the government.
I also request you to decrease rates of import duty for computer hardwas this year itlself instead of reducing drastically in the year 2005.
I will be very happly if receive a person reply from you.
Thanking you,
yours Sincerely,
Sathikonda
Thu Feb 22 13:53:41 2001
Name:Shreeshakumar K
Email:shreeshkumar@rediffmail.com
Suggestions:Respected Sir,
Please see that inflation is deflated immediately and liberalise the industiral advances with reference to generation of more employment to undergraduates and graduates. Allocate more funds towards undeveloped and underdeveloped areas, districts, villages with strict accountability norms attached to it.
Though I hope you knew all these I intend to forward my views. Pardon me if it seem like overtures.
With best wishes
KUMAR
Thu Feb 22 14:04:17 2001
Name:Alok Khetan
Email:alok_khetan@ici.com
Suggestions:Like for professionals/self employed, various expenditures are 'allowed' for tax purposes, the same 'allowances' should be provided for salaried employees also. Merely allowing standard deduction for salaried personnel leaves a big gap in how expenditure is treated in the salaried and non-salaried professionals.
Thu Feb 22 14:36:13 2001
Name:Rita Rodrigues
Email:rita823@rediffmail.com
Suggestions:Dear Sir,
I am happy for giving the opportunity to express and put our poinion in the near budget.
1. The bus tickets fare and railway fare should be reduced thean the normal one, as 95% of middle class are travelling via rail and BEST.
2. Kerosene and
Cooking Gas rates
should be reduced.
3. More attention should be given to the middle class rather than always hike in the petrol, which leads to branches of increase in all other commodities and items.
Thu Feb 22 15:15:12 2001
Name:Madhusudan Mishra
Email:msm@bol.net.in
Suggestions:Dear Sir,
I congratulate you for presenting yet another successive budget - something which seemed a dream three years ago. Thanks to political stability at the Centre.
I am a chartered accountant and fully support the government in its reform process.
I have never objected to any increase in petro-product prices or subsidy reduction or the unchanged income tax rates. I have always stood by the Government.
But I have been greatly distressed, and that is an understatement, by the reports that
(1)the PF withdrawls would be taxable; and
(2)PF Scheme would be converted into some sort of pension scheme.
I am distressed because these proposals or devilish thoughts of some bearaucrat does not have any logic except to save some money to the undeserving government.
Can somebody explain why these withdrawls be taxable, when the income thereon is tax-free, when there exists a lock in period for funds, except in the closing stages of the Scheme.
And why on earth, the Govt. is so fond of Pension Schemes? In 1995, it introduced the Employee Pension Scheme, which took substantial moneys from the Provident Fund. Now, it is targeting the PPF? Please we do not need government's pension, which in any would reach the pensioner after his death? The track record of Goct. in disposing such cases is horrendous. And this way, the Govt. would be depriving the person of his lumpsum money when he needs it most - for buying a house, for starting a business of self or son, for education - and in any case, please let him decide whether he wants a lumpsum or pension. DO NOT IMPOSE ANY SCHEME, SINCE WHEN YOU IMPOSE THESE SCHEMES, THAT SURELY MEANS THAT YOU ARE NOT SURE OF YOUR SCHEME AND THAT'S WHY YOU ARE ORCING IT DOWN THE THROAT.
If you want to give pension , please introduce another pension scheme additionally.
On the reforms side, if you allow an ordinary Indian (all politicians, members of CII, FICCI, etc. are extraordinary) to speak up - please reform the government procedures first, make everyone accountable, fix responsibilities and PUT A TIME LIMIT ON ALL ACTIVITIES AND MAKE A RULE THAT IF A PARTICULAR APPLICATION / FILE / APPROVAL IS NOT PROCESSED WITHIN CERTAIN TIME FRAME, IT WOULD BE DEEMED TO HAVE BEEN APPROVED. These reforms are the most important and would improve everyday life of all of us ordinary Indians (extraordinary Indians know how to get thier jobs done) dramatically and would also fetch you votes. You might antagonise the government servants - but this step has to be taken someday - so why not create you own niche, you will be remembered by all Ordinary Indians everyday - please create this history and tame the BABU. I know that you have been a beareaucrat yourself and I think now you might be in a better, neutral position to judge, evaluate the contribution of BABUS.
At last, please take the above in earnest spirit. You might understand the pain, the anguish an Ordinary Indian goes through for his every waking moment- every breath is a fight for survival. This experience is certainly not a very proud experience to be an Indian. And you can not live on your history, heritage, bla, bla. At the end, you need a life, full of smiles, joy and peace. Please ensure that. All the very best.
Yours Faithfully
Madhusudan Mishra
P.S. The above is not a cry in desparation, fortunately I have a well to do life, but like you I care for my countrymen. They need much more than our blood and sweat, their condition warrants that we devote our lives to make them happy.
Thu Feb 22 15:17:32 2001
Name:Madhusudan Mishra
Email:msm@bol.net.in
Suggestions:Dear Sir,
I congratulate you for presenting yet another successive budget - something which seemed a dream three years ago. Thanks to political stability at the Centre.
I am a chartered accountant and fully support the government in its reform process.
I have never objected to any increase in petro-product prices or subsidy reduction or the unchanged income tax rates. I have always stood by the Government.
But I have been greatly distressed, and that is an understatement, by the reports that
(1)the PF withdrawls would be taxable; and
(2)PF Scheme would be converted into some sort of pension scheme.
I am distressed because these proposals or devilish thoughts of some bearaucrat does not have any logic except to save some money to the undeserving government.
Can somebody explain why these withdrawls be taxable, when the income thereon is tax-free, when there exists a lock in period for funds, except in the closing stages of the Scheme.
And why on earth, the Govt. is so fond of Pension Schemes? In 1995, it introduced the Employee Pension Scheme, which took substantial moneys from the Provident Fund. Now, it is targeting the PPF? Please we do not need government's pension, which in any would reach the pensioner after his death? The track record of Goct. in disposing such cases is horrendous. And this way, the Govt. would be depriving the person of his lumpsum money when he needs it most - for buying a house, for starting a business of self or son, for education - and in any case, please let him decide whether he wants a lumpsum or pension. DO NOT IMPOSE ANY SCHEME, SINCE WHEN YOU IMPOSE THESE SCHEMES, THAT SURELY MEANS THAT YOU ARE NOT SURE OF YOUR SCHEME AND THAT'S WHY YOU ARE ORCING IT DOWN THE THROAT.
If you want to give pension , please introduce another pension scheme additionally.
On the reforms side, if you allow an ordinary Indian (all politicians, members of CII, FICCI, etc. are extraordinary) to speak up - please reform the government procedures first, make everyone accountable, fix responsibilities and PUT A TIME LIMIT ON ALL ACTIVITIES AND MAKE A RULE THAT IF A PARTICULAR APPLICATION / FILE / APPROVAL IS NOT PROCESSED WITHIN CERTAIN TIME FRAME, IT WOULD BE DEEMED TO HAVE BEEN APPROVED. These reforms are the most important and would improve everyday life of all of us ordinary Indians (extraordinary Indians know how to get thier jobs done) dramatically and would also fetch you votes. You might antagonise the government servants - but this step has to be taken someday - so why not create you own niche, you will be remembered by all Ordinary Indians everyday - please create this history and tame the BABU. I know that you have been a beareaucrat yourself and I think now you might be in a better, neutral position to judge, evaluate the contribution of BABUS.
At last, please take the above in earnest spirit. You might understand the pain, the anguish an Ordinary Indian goes through for his every waking moment- every breath is a fight for survival. This experience is certainly not a very proud experience to be an Indian. And you can not live on your history, heritage, bla, bla. At the end, you need a life, full of smiles, joy and peace. Please ensure that. All the very best.
Yours Faithfully
Madhusudan Mishra
P.S. The above is not a cry in desparation, fortunately I have a well to do life, but like you I care for my countrymen. They need much more than our blood and sweat, their condition warrants that we devote our lives to make them happy.
Thu Feb 22 15:53:02 2001
Name:charu
Email:cdawada123@rediffmal.
Suggestions:reduce the cost of basic things
Thu Feb 22 16:08:39 2001
Name:Menon K.Unnikrishnan
Email:arar@eth.net
Suggestions:sir, u have granted a blanket exemption of Rs 5000/- tax for women irrespective of their financial or social status. This is highly discriminatory for whatever political reasons and is a gross violation of impartial treatment of the citizen of India. Women working in a family means both the partners are employed in the household. While in the case of an unemployed house wife there is only one earning member, her husband, who unfortunately do not get any such benefit. In what way is a working woman drawing the same scale and salary inferior or underprivilaged than her male colleague ? I hope u understand the partiality your budget imposed and would take necessary corrective measure. Regards..Unnikrishna Menon, Programme Executive, All India Radio, Kochi
More
