More clear guidelines and options needed to set up losses incurring in intra day trading of shares

1. All bank interest should be free of incometax,since banks are paying NEGATIVE real interst and that too is taxed. This will result in more flow of funds in banks for giving loans. Workload in banks and incomerax dept will be reduced. Cost of borrowing for govt will come down and offset the incometax loss. 2. In line with the inflation, Deposit Insurance should go up to 10 lakhs. 3. In line with the inflation, the threshold of income for incometax should be increased to 5lakhs and for seniors 7 laks. 4. As support for seniors IS MISSING IN INDIA compated to western countries, Sec. 80 C ceiling should be increased to 3 lakhs to encourage savings. 5. GST should be abolished for bank and insurance charges to encourage more people to be covered. 6. Upto some reasonable amount , GST should be nil for electricity consumption and phone usage to benefit the 'aam aadmi'. REDUCTION IN CORPORATE TAX HAS BENEFITED ONLY THE CORPORATES AND SHAREHOLDERS, AS PRICES WERE NEVER REDUCED.

In my opinion we should increase budget for research and development ,means on education we all spending lots of money for technology transfer from foreign countries across world-wide . likevise we have developed insvvikrant we make us self reliable . morever there should be reform in education programs , Subject like constitutional right and programing in computer science and financial planning should be thought in schools from 5th class onward and there should be all India exam for admission into university all round India Thankyou that I want to say .

Railway track and highway both sides rope 🌲 tree and forest increase.

Sir, AgriVoltaic solar power generation scheme with revenue sharing by Farmers as land owner who may get 50 paisa per unit , Private Companies as infrastructure owner and Government Power Distribution Companies as seller may be included in this budget which will give fixed additional income to farmers without any investment depending on the density of the solar panels . This revenue sharing model may be a solution for agri sector crisis. Use cropspecific design with solar panels as intercrop.

To increase GST collection Govt can introduce GST Claim may be 0.5% or 1% of Toral GST bill against Income tax payment. This will help and promote to people to take GST BILLS. resulting more GST collection and leaser black money. Same like GST NO, NON registeted people need to give PAN NO for claiming GST refund under this scheme. If the same is extended to even non Income tax people they will be also add in Income tax registration to claim this and will also look for GST BILL from Shop keeper

IT department issued ITR-2 excel utility for FY 2020-2021 (AY 2021-22)It is now mandatory for the taxpayer to enter details of each trade under Schedule 112A. The taxpayer should enter details of each trade with ISIN, share name, quantity, sale price, purchase price, fair market value as on 31st Jan 2018, and transfer expenses to calculate LTCG (Long Term Capital Gain) or LTCL (Long Term Capital Loss).This is simply torturous. P&L and Capital gains Reports from Brokers are inadequate. All the a brokers should be given a uniform format by Finance department which should give all the relevant information of the schedule 112 A for the benefit of tax payers so that the ITR filing becomes easier.

Service class is paying the Income tax with all details honestly. We should create provisions for their retirement life investing part of the income tax share as social securitiy after retirement and medical insurance. This will encourage and motivate people as according to income tax paid by them some return they are getting currently this is one side no link benifits to income tax payers.

There are many money kept by our indians in foreign. FM should declare attractive scheme in budget to bring the money in India for development of our country.

Sir, I suggest , for budget, as follows- 1-The tax exemption limit of long term capital gain , regarding equity oriented stocks and mutual funds , should be increased from present Rs. 1 Lakh to 2 Lakh per year. 2- The process of disclosure of such capital gain , in annual returm should also be simplified.