Bikash Choudhury
The principal policy of current years budget should be to “Strengthen
the Intensity of Human Activity” in all walks of life including an
important segment of our population Women.
Revenue Tax Proposal: 1- Rental income remains unreported or under reported;
therefore, through a simple procedure of submission of ‘affidavit’ on
actual rental income along with the tax return would help improve Revenue.
Identically the cash income of Doctors, Architects, Coaching Centers Wellness Centers
2- Expand the tax base by taxing Grocery Stores @
Rs.1000-Rs.3000 for a turnover of Rs30- Rs. 50 lakh per annum and Hotels &
Restaurants with an annual turnover of Rs.15-Rs.25 Lakh through simple
procedure of self declaration and provision of a bank deposit in any bank
branch and online transaction.
3- Govt. should penalize cash transaction and encourage
formal transaction @
Rs. 1 lakh & above. A cash transaction tax could be
reintroduced above one lakh for individuals and two lakhs for business or a
suitable parameter could be crowd sourced as it was an unpopular tax.
4. Rs. 5 surcharge on each Rail & Air Ticket for “Swachh
Bharat Aviyan” including the cleanliness and Hygiene in the Railways.
5. Rs. 50 surcharge on luxury goods and services for Ganga
Cleaning.
6. Rs. 10 surcharge on each Mobile Phone purchase and Re. 1
for a Rs. 100 mobile recharge/top up/bill and Rs. 100 surcharge on each two
wheeler purchase and Rs.500 surcharge on Four Wheeler towards Road
Infrastructure.
7. Re. 1 surcharge on each 1 lt. bottle of aerated drink and
packaged water towards Water Conservation and Family Health.
Revenue Savings Proposal: 1. GoI should make a huge savings in Capital &
Revenue expenditure on Automobile Purchase and its maintenance and salary of
personnel; which can be transferred to an employee managed company in
collaboration with Private sector that provide logistic solution to all GoI
offices on rental basis only charged to the revenue expenditure of the Govt.
2- GoI has huge unused or under used assets like Human
resources, Land, Building and Automobiles; an inventory of such assets could be
made and that could be either disposed off or optimally used to save the tax
payers money.
Tax Concessions for a Larger Goal: 1- Govt. could offer 100% tax
benefit to Corporate/Business/Industry/High Net Worth Individuals for
Investments made in “Adarsha Gramya Yojana” by adopting Villages. Stringent
guidelines need to be developed to prevent chances of revenue leakage if any.
2. Tax concessions to Software and other Export companies
having Offices in USA Europe if they chose to Promote Indian
Handicrafts and Artisans.
3. Tax concessions for all Hospitality Companies who wish to
promote Indian Food and Culture (Indian Style Marriages and Festivals) in USA
& Europe.
4. Excise tax concessions for house holds on all items that
go into the Installation of Rain Water Harvesting Systems (RWH) in Homes and
Workplaces.
5. Tax concessions for those Banking and Financial Services
Institutions who Invest in setting up “Start Up Village” Entrepreneurial
Incubators at our Higher Education Centers like University/Colleges both
technical & non-technical.
6. Ignite Creativity: Tax concessions for Individuals &
Corporate on purchase of Art Work/Sculpture and for setting up of Art Gallery
Email: streben.market@gmail.com
Twitter: @ideasofhope Blog: www.ideasofhopebikash.blogspot.com Mob: 09853426657/07504106233 Address: Plot No: 3309 Adarsha Vihar
Lane-2 Patia Bhubaneswar Odisha-751024
No comments:
Post a Comment