The rotten minded babudom and politicians out of sheer old habits keep doing same foolish exercises every year and don't want to let go of rules and policies for reatining their importance and control, creating complexities,wastage of stationery and harassing tax payers.
All this nonsense must stop now. Why there should be so many rules, exemptions and calculations. Simply reduce taxes to two slabes of 15% and 10% slabs and fix tax exemption limit Rs 3.0 lac.Do away with all stupid rules and clauses.
Who are beneficiaries of all this ? The Corrupt Income tax officials, politicians who organise raids on businessmen to extract money and third rate tax consultants. The latter in many cases are merely like pimps.Same is situation of other taxes in india like service tax, excise duty,sales tax,customes etc.
India is most heavily taxed country in the world with only Rs 0.27 real worth of goods going in hands of consumer for Rs 1 spent by her.
More are tax rules more correuption. More is tax rate more evasion. The Income tax act and its rules should be in 3 pages each. Period!
The return form with tax challan should also be in one page in simple format. Why the hell advance tax is to be paid by anyone?This is like treating tax payers as criminals and that is what they become finally. Why can't I choose my own tax month once a year? Only some concessions like that to senior citizens, charity donations, handicapped persons,medical insurance,interest payment on house loans and provident fund deposit should be allowed.Scrap all other provisions,exemptions,rebates and rules.
Make it online system( With PAN) and remove corrupt and excessive staff which is failed staff.Mke PAN compulsory for all transactions above Rs 10,000 each of all typoes including restaurant and hotel bills.Politicians and babus should stop thinking about citizens as being corrupt. They themselves are corrupt and rotten and main cause of malpractices in country. Today there is no difference in government servants of any type and a good part of them are criminals, corrupt, thieves(of public funds),property abusers(cars, houses ,satff ,stationery etc)and blackmailers( extortionists of bribe from helpless citizens).
I can't understand why only 2% stamp duty is not put on property sale and why there should be capital gains and wealth tax nd at so high rate and not just 5% if at all imposed.The entire black money of more than 50 lac crores( with Indians) will come out in mainstream if these fools do what is being suggested. But they won't as they are main beneficiary of black money system.
And why women's income need to be taxed less and why farmers income has to be tax free? We are living in archaic fallacies. Tax is paid from profits so what is use of exempting income tax which comes only from profit. When some one will have income then only any company or person will pay taxes. I could never understand rebate or exemption in income tax. Of course sales tax and excise rebate can make a new venture competitive. Same way if a woman is earning less she will anyway pay less tax.
I think people should ask government to get off their necks and make taxation low, simple and brief in the country. Government should not try to tax everything and waste money and charge huige rates like 12.3 % on sservices of all types.
Government job is to ensure regulatory framework, strong judicial system to punish law breakers and create facilities for business and competition to flourish. Their attempt to control economy and businesses and retain their bossism over the citizens in name of law and power of constitution is foolish and anti social act. It must go.
The tax laws should be such that citizens are encouraged to pay taxes at modest rates and in a simple manner wiothout being harassed.The whole system, should be made computerised and expenses based.
Those hwo concentrate more wealth likie houses and property, gold and live in 5 start system must be heavily taxed to dioscourage greed and money making.
What we need is regulated market economy and socialist capitalism and not laissez fairre state of affiars presently seen in india where commodities and property prices have been increased 4-5 times in last 10 years without even doubling common man's earning.This is criminal act and sheer exploitation and treason with society who appoitn abus and politicians.In such situation people have right to refuse to pay taxes just for running this corrupt and heavy administration and to feed bonelss, cheap and corrupt babus and politicians in country.
There is no case for raising salries of babus at this time.
India tax laws need drastic reforms and changes
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