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Kv Venkata Chalam

Budget 2016.

1)1st January, 2016 a Notification regarding some steps to submit PAN> for Transactions, from preventing un-account money. Its only effect Middle Class income group People. What about Higher income Group. They kept in other way. Check the un-account money from Higher side> verify locker of Banks,Documents of Properties.
2. Please consider the Income-tax Rates. Please start from 3% to 5%. Then the Number of filing increase, now its 5% of Population.
3. Consider Rs.50000/- interest income as EXEMPTED. Levy from Rs.50001/- TDS. Remove the 15H & 15G. This will helpful for Middle income Group.
Please consider Hon. Min.Fin. Sri Arunjetlyji. more  

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Kv Venkata Chalam (K V VENKATACHALAM,Mg Director,(TAX CONSULT).)
Number of Income-tax payers increase by Reducing Income-Tax Rates. In next 3years the Receipts of Income-tax Doubled to Govt. Budget expenditure met with that increased Income. more  
Kv Venkata Chalam (K V VENKATACHALAM,Mg Director,(TAX CONSULT).)
My idea of Removing Form 15 G & 15 H is reduced Income-Tax Rates(from 3% onwards), one should file all type income and if eligible get Refund he can do it filing. Now the Refund get speeded by Dept. The First step of Govt issuing the Notification 1st January,2016(PAN for Transactions), good and the un-account should be regularised. more  
Sugumar Iyer (Banker and investor)
The following are suggested, 1.The Income tax limit has to be linked the WPI and allowed to increase or decrease according to inflation. 2. All exemptions other than income slabs may be removed and tax structure may be started from as low as 2% and go upto 40% for the super rich and companies. 3. Agricultural income is also to be taxed along with other types of income to increase the revenue to govt. 4.Service tax has also be rationalised at some percentage, without any exemptions, concessions etc. more  
Chandramohan Sharma (practising doctor)
You are right Mr. Ranbir. The money of senior citizen is hard earned and let him decide about it by filling form 15H. more  
Balasubramanyam Sarmakrishnamurthy (Rtd official)
1.savings section should continue. 2. Form 15H &15G to continue. 3.For Sr.ctzns may be Rs1L towards medicines expenses be considered besides the exemption limit. more  
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