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Inviting Ideas and Suggestions for Union Budget 2023-2024

Start Date :
Nov 24, 2022
Last Date :
Dec 10, 2022
23:45 PM IST (GMT +5.30 Hrs)
To foster the spirit of 'Jan Bhagidari' , the Department of Economic Affairs, Ministry of Finance invites suggestions from citizens every year, to make the Budget-making process ...
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Manicklal Chakraborty
3 years 3 weeks ago
2. Instead why not separate funds keep to catering need of young unemployed youth - who is already completed their degree, those who are good in soft skill and follow that those who well understand the purpose of DDU - GKY , frankly speaking, i would like to strongly request the finance ministry please bring the module to offer short term courses for unemployed youth - who wish to taken up their career in Hospitality industry / Travel an Tour Management these industries are need more service personnel such as in Front office / Service and / various other management courses not only Cooking Hope expert are understand my points and request to do allocated separate department for unemployed graduate to get benefit by DDU- GKY. Thanking you.
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ARIJIT SADHU
3 years 3 weeks ago
Please increase the 80 C limit from 1.5 lacs to 3 lacs atleast. It has stayed at the same 1.5 lacs for the past 8 years, and incomes and investments have increased manifold since then.
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VENUGOPAL M DHOOT
3 years 3 weeks ago
JAI SHREE KRISHNA/PRANAAM. I THINK ALL TAX LAWS SHOULD BE VERY SIMPLE TO UNDERSTAND AND WITHOUT AMBUGITY. I WISH THIS BUDGET SHOULD FOCUS ON LOWEST TAX RATES AND HIGHEST INCEVENTIVE GIVEN IN BUDGET. THE LOWEST TAXES IN WORLD WILL ATTRAT CITIENS ALL OVER THE WORLD TO INVEST IN INDIA. STOCK MARKET IS SAID TO BE THE BAROMETER OF ECONOMY OF COUNTRY. IN MY OPINION ONLY ONE PROVISION OF CAPITAL GAIN TAXES (SHORT TERM & LONG TERM) HAS THE UNIMAGINABLE PSYCHLOGICAL IMPACT ON THE MINDS OF INVESTORS (OLD & NEW). SO I WISH CAPITAL GAIN PROVISIONS MAY BE FURTHER EASED OR ATLEST SHOULD NOT BE TOUCHED ( BY INCREASING TAX RATES/TIME HORIZON OF HOLDING SHARES). I THINK GOVERNMENT SHOULD ALSO WIDEN THE SCOPE OF SAVING TAXATION OF LONG TERM CAPITAL GAIN SCHEME BY INCREASING THE MORE INVESTMENT AVENUES. I THINK TAX LAWS SHOULD GIVE MAXIMUM DEDUCTIONS ALLOWABLE FROM TAXABLE INCOME. IN FACT,BY DOING SO GOVERNMENT DOES NOT LOOSE ON TAX COLLECTIONS. AS TAXPAYERS HAS HABIT TO INCREASE THEIR INCOME FOR REBATE
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Manicklal Chakraborty
3 years 3 weeks ago
Dear Finance Ministry Department Official.
Government of India already initiated many project finance allocation has been carried - but unfortunately there is no accountability result are not up to the mark only tax payer money misused example DDU- GKY is spending huge amount but its NOT good in allocating selecting the candidates - for an example there are many institute conducting these course courses as per prescribe eligibility of candidates leaving school but unfortunately they are NOT follow the syllabus theory classes due to their lack of inability to follow the course material shows only interest in practical when it come to Catering Courses which much more need of soft skill language communication all these are missing. its very disturbing while seeing that,are these people are getting their job after getting their course completing certificate are they eligible to get their job in course related industry ? these are question need answer...who is monitoring.
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HemDutt
3 years 3 weeks ago
1. Link 80C and 80D with the inflation so that they get auto adjusted every year.
2. Link income tax exemption with the creamy layer criteria.
3. Treat purchases through UPI or any other electronic means as expense in ITR and should be exempt from income tax. This will also decrease black money and widen the net of GST and other taxes.
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Nikhil Gujar
3 years 3 weeks ago
1. Income tax@34% plus GST@18% plus property tax, toll tax, etc means for every 100 Re earned government is paid Rs 55. No social security scheme available for such tax payers.
2. For, senior citizens, i suggest income tax be made nil.
3. In AIS, shares purchase and sale price should be after brokerage, stamp duty, STT etc or user be allowed to modify price within a range.
4. AIS should show information from LIC
5. For shares under liquidation, capital loss be allowed after liquidation process over as well as during liquidation process.
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Nishant Dua
3 years 3 weeks ago
I strongly think the 80C limit needs to be increased. The limit has stayed at ₹1.5 lacs for the past 8 years.
Incomes and investments have increased a lot since then. Considering this, the 80C limit definitely needs to be hiked.
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Tarun Muvvala
3 years 3 weeks ago
Reduce tax on new income tax regime.
Increase 80D as health insurance have become expensive
Reduce cash usage by charging fees for cash deposit and withdrawal over 50k
Security and insurance for gig workers
1% TDS Tax on house for land lords
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SuveshSinha
3 years 3 weeks ago
1) Increase 80C limit to 2,50,000 as this has been same for a long time.
2) Increase Standard Deduction to 75,000
How it can be funded:
1) Increase tax on Tobacco & Alcohol
2)Increasing TDS% in Home Buying, this will increase tax collections as it should reduce Cash component in house purchase
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NayanKetakDharamshi
3 years 3 weeks ago
1. Increase the 80 C limit to 5 lakhs from the current 1.5 lakhs
2. Include farmers with>50 lakhs annual income in regular tax slabs
3. Remove Annuity during the end of Tier 1 NPS and make it possible to withdraw at once
4. Increase tax on tobacco products to make way for a healthy progressive nation
5. Reduce LTGC and make retail investors part of the India growth story
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