Pre-budget expectation - Quote from Mr. Rajiv Krishnan, MD, DDI India

Dear Sir,

This is with regards to the Budget Wishlist 2009 from DDI.
Please find below the quote from Mr. Rajiv Krishnan, MD, DDI India. DDI is Development Dimensions International, a global business leadership consultancy. Talent management is the key focus for this consultancy. Attached are the profiles of the company and Mr. Rajiv Krishnan for your reference.

My expectations are as follows:

 

1. Reduction in service tax for HR services to 5% as this is a sector which is severely affected in the downturn
2. Abolishing FBT as this only serves to complicate tax calculation, remittance etc. At the time FBT was introduced, it was mentioned that it was working well in Australia. This is a country with which we have nothing in common – it is a sparsely populated country with very comprehensive social security
3. Reduction in income tax slabs and overall simplification. In the absence of social security there is no justification for high rates. Tax computation can also be simplified

Time and again it has been proved that high tax rates encourage tax avoidance and that reduction encourages compliance and overall collection in absolute terms. I would encourage the government to look at overall reduction of rates and simplification of computation

D Rajiv Krishnan

Managing Director

DDI India Pvt Ltd

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