10 inputs on Budget 2014
Friends,
Thank you for your time and the fast responses on the Budget inputs request. We have shortlisted the following 10 inputs based on the submissions made.
1) Abolish 500, 1000 Rupee notes. Ensure all high value transaction are conducted through banking system cheque, draft, electronic.
2) Include Petroleum Products as items of importance in Section 14 (Sales Tax Act) leading to 3-4% CST/VAT on Petrol/Diesel.
3) Increase the tax exemption limit to 5 lakhs for the salaried
4) Increase the limit of exemption section 80 C
5) Increase the exemption limit of medical reimbursement from 15000 to 50000
6) Revise the exemption of interest paid on housing loan
7) Simplify taxes. Introduce GST and abolish other taxes.
8) Increases taxes on luxury items like alcohol, private air charter travel, imported cars
9) Curb exports of commodities in shortage domestically
10) Classify food trucks differently and ensure they move through city/state borders faster.
As you can see, many of the points made by our community are specific and action oriented. These will be submitted today to the Finance Minister and his team for review and consideration.
Thanks for your participation. It means a lot.
Rajendra Pratap Gupta
Bharatiya Janata Party
Thank you for your time and the fast responses on the Budget inputs request. We have shortlisted the following 10 inputs based on the submissions made.
1) Abolish 500, 1000 Rupee notes. Ensure all high value transaction are conducted through banking system cheque, draft, electronic.
2) Include Petroleum Products as items of importance in Section 14 (Sales Tax Act) leading to 3-4% CST/VAT on Petrol/Diesel.
3) Increase the tax exemption limit to 5 lakhs for the salaried
4) Increase the limit of exemption section 80 C
5) Increase the exemption limit of medical reimbursement from 15000 to 50000
6) Revise the exemption of interest paid on housing loan
7) Simplify taxes. Introduce GST and abolish other taxes.
8) Increases taxes on luxury items like alcohol, private air charter travel, imported cars
9) Curb exports of commodities in shortage domestically
10) Classify food trucks differently and ensure they move through city/state borders faster.
As you can see, many of the points made by our community are specific and action oriented. These will be submitted today to the Finance Minister and his team for review and consideration.
Thanks for your participation. It means a lot.
Rajendra Pratap Gupta
Bharatiya Janata Party
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reduce import duty on food products allowing reduction in prices for food items.
Jun 29
Remove income tax for FD,CD,RD,GOI Bonds Remove income tax for PPF NPS withdrawals Online system for registration for NPS for PRAN number Increase the Federal Deposits Insurance limit to 1 Crore, this is $250k in usa Regulate the charges of services in hospitals Remove capitation fees in schools and colleges Management quota seats should cost max double that of government fees Increase the number of seats in management quota in all private colleges 25 percent of seats in all - private - college should be reserved for economically backward students 3G should reach all villages One school per each village STP per each district Solar power Solar water heater for all city homes Induction stove as a replacement of LPG Subsidy Hybrid cars development E100 ethanol 100 engine for cars and trucks. Growing hybrid cane sugar in North eastern part of India.
Jun 29
Now a days every where problems are there, main water and current. A lot of sea shore is there for our country. We can concentrate more on wind mills for power. We can search for ways to convert sea water into normal water. Cant we?
Jun 29
Speedy justice delivery - transparent laws which leave very little to the discretion of the officers - as far as possible, on line procedures - integrated clearance and approval mechanisms for property/ apartment construction and occupation - inclusion of local communities in face to face communications periodically. These are some of the priority areas required to be addressed.
Jun 29
