The Budget is the most important tool of the government to control its deficits, channelize its resources for productive purposes and also increase the standard of living. Unfortunately the budget exercise is marred by push and pull and cartelisation of the budget by various forums, organisations, associations and federations.
It appears that there is no logic while neither removing tax nor any economics involved in while imposing tax. For example, the imposition of fringe benefit tax, the surcharge tax, service tax are taxes in various avatars, which involve complicated calculation methods and procedures. Why not we have rationale behind imposing t ax and removing the same in the next budget?
Secondly it appears that the government can impose at will tax and spend as they like with vote bank in mind. Can we have proper audit system? The incentives have become an order of the day and writing off debts is democratic right. The Budget should enable our citizens to respect hard work and should strongly believe that nothing is free. Every citizen expects budget to provide employment opportunities, create base for better environment to live, take care of basic amenities of each and every one and look upon tax as an obligation to serve the nation.
S.A.S.SARMA
5A 606 DIVYA SHAKTI APTS,
AMEERPET
HYDERABAD 500016
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