Dear FM,
The core aim of a BUDGET EXERCISE in our country has been to send positive messages across.....so that all segment feels good and goes back....works hard.......pays taxes.......and helps the Government to run the country...!
Our previous FM has been innovative in creating many NEW TAXES! You need to scrap them to bring cheers and positiveness which we need. FRINGE BENEFIT TAX is one such nonsense........
Whats the point in coming with NEW TAXES when the GOVERNMENT MACHINERY cannot ensure 100% COMPLIANCE?
So one set of "responsible" people continue to pay all these complicated taxes and other set of "shrewd" people come with creative ways & means to avoid them! So in the end....."honest" citizen get penalized! Well that's democracy!
So UNTIL we can be sure of closer to 100% COMPLIANCE....as in the case of EXCISE DUTY.........bringing about NEW TAXES and that too at HIGHT RATES beyond 2% - is not fair to the citizens. The difference between a "shrewd' and "responsible" shuld be just 2%!
* SO REMOVE ALL UNNESSARY / CUMBERSOME TAXES
* BRING DOWN ALL TAXES & DUTIES TO A RESONABLE LEVEL TO ENCOURGAE 100% COMPLIANCE
Then only the system becomes FAIR to all concerned. Current system is not in favour of "responsible" citizens.
Thank you.
Kind regards,
M.D. Vel
Managing Director
INDIANFOODS (P) Ltd
Maduai - 625201.
www.indianfoods.in
The core aim of a BUDGET EXERCISE in our country has been to send positive messages across.....so that all segment feels good and goes back....works hard.......pays taxes.......and helps the Government to run the country...!
Our previous FM has been innovative in creating many NEW TAXES! You need to scrap them to bring cheers and positiveness which we need. FRINGE BENEFIT TAX is one such nonsense........
Whats the point in coming with NEW TAXES when the GOVERNMENT MACHINERY cannot ensure 100% COMPLIANCE?
So one set of "responsible" people continue to pay all these complicated taxes and other set of "shrewd" people come with creative ways & means to avoid them! So in the end....."honest" citizen get penalized! Well that's democracy!
So UNTIL we can be sure of closer to 100% COMPLIANCE....as in the case of EXCISE DUTY.........bringing about NEW TAXES and that too at HIGHT RATES beyond 2% - is not fair to the citizens. The difference between a "shrewd' and "responsible" shuld be just 2%!
* SO REMOVE ALL UNNESSARY / CUMBERSOME TAXES
* BRING DOWN ALL TAXES & DUTIES TO A RESONABLE LEVEL TO ENCOURGAE 100% COMPLIANCE
Then only the system becomes FAIR to all concerned. Current system is not in favour of "responsible" citizens.
Thank you.
Kind regards,
M.D. Vel
Managing Director
INDIANFOODS (P) Ltd
Maduai - 625201.
www.indianfoods.in
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