Budget 2012 - With TIOL
WHEN it comes to the Budget, all of us have our opinions and given a chance, we can all do things better than Pranab Da, but since that is not possible, we will tell the FM, what we want from him. We start our Budget Run Up on Monday. As usual, we promise to bring you the best possible budget coverage. Your response to our request for budget suggestions has been overwhelming. Even if we are not able to cover all your suggestions in our Budget Run up, be sure, we will bring them to the notice of the concerned authorities.
Most of the suggestions are about cumbersome procedures, as everybody seems to be happy with the tax rates – at least in indirect taxes.
An assessee told me, “get a small thing done and I will recommend your name for Guinness Record - instead of paying 2% cess and 1% cess separately, allow us to pay this 3% along with the duty/tax as 10.3%, 8.24% etc,. Let the Government divide it among various duties and heads” (instead of asking the assessees to break their heads).
A Central Excise officer wrote in, “The Government has done away with presentation of budget at 5 PM because it was British Legacy. However, we are still continuing with khaki uniform of Central Excise Inspectors, which was used by British to terrorise the Indian salt and tobacco manufacturer. Why is this uniform required at all? When income tax can function without uniform, then why Not Central Excise?”
An assessee wrote in, “Every Medical Practitioner (Doctor) and Legal Advisor (Advocate) should be brought under income tax as they are earning more than any common person and without giving receipts for their earnings”.
Sir, about 90% of the advocates do not earn enough to afford a decent wash for their coats!
See our budget Run up every day from Monday for more such interesting inputs for the FM.