CA SUDHIR HALAKHANDI (PRACTICING CHARTERED ACCOUNTANT) (13196 Points)
11 January 2009THE BUDGET 2009 IS ROUND THE CORNER AND EVERY YEAR LOT OF CHANGES ARE MADE IN IT ACT 1961 AND IT INCREASES THE UNNECESSARY ANXITY IN TAX PAYERS MIND AND IT IS A BURDEN ON PROFESSIONALS.
WHY NOT A 5 YEARS IT ACT .
Prakash Popat
(3134 Points)
Replied 11 January 2009
Yes,It's Creative Idea,JuDICIAL REFORMS IS FIRST TOWARDS KNOWLEDGE MANAGEMENT.
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 11 January 2009
global positions changes every minute and with the lapse of time, stringent laws which can plug loopholes have to be passed, and if they r present, hve to be amended regularly........
there is no harm to either the citizen or the govt. at large due to this.........moreover honest taxpayers don't hve to fear........laws r made for those who intends to break them.........
restricting the power to amend the law would certainly mean binding ur own hands against the errings.........
Prakash Popat
(3134 Points)
Replied 11 January 2009
It's High time to Introspect and channlized energy of Young Professionals towards Meaningful and fruitful exercised rather than running them towards fetching the provisions of Outdated Laws inherited by Previous Rulers of India,MInimized the Laws,and that to understandable by local communities languages only,Have You ever thought that without translations tools like computer,Laws in advance Urdu,Marathi submitted for compliance to the American/Britishers what shall be plight of that society?Similar situation Indian Facing nowadays.ONLY MInimum possible Laws is needed and that too criminal Laws and channlized entire force to comply the same fully.and Let's Create Jobs satisfaction amongest new generations.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 11 January 2009
According to me Tax should be change continuosly and the reason being every year there is a change in the per capital income and accordingly government also has to plan how much tax they should get so that they dont have to face the problem of low revenue ....coz ultimately the source for revenue generation is direct taxes.......Moreover, one can find loopholes in tax easily and then if that will be followed for long time then also government will earn less revenues
So it is acceptable if government keeps on changing it regularly
CA SUDHIR HALAKHANDI
(PRACTICING CHARTERED ACCOUNTANT)
(13196 Points)
Replied 12 January 2009
thanks for particiating, nice and meaningful comments
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 13 January 2009
yes a good creative idea
Pratik K
(Student)
(3406 Points)
Replied 13 January 2009
An idea can change Our life...
what an Idea SUDHIR sir ji
Prakash Popat
(3134 Points)
Replied 14 January 2009
Agree with sudhanshu logical comments about change of per capita Income annually,BUT have U ever thought that PERCAPITA consumptions R least in INDIA,compare to small african countries.where people really njoy better life,even njoy better means of public transport.Our focus is to utilized talents in meaningful ways to make next Generation life better than what V njoy rt now,the cost benefits analysis of 5year fixed minimum Taxation Laws,will prove my arguments.
praveen
(Chartered Accountant)
(6971 Points)
Replied 14 January 2009
every year isnt the same, there are many changes in inflation, economic growth etc which will give its impact on profits and ultimately on tax. The work of the government is to balance there revenue with the expenditure, hence every year they change the rates, increase exemptions get some income and so on..
Prakash Popat
(3134 Points)
Replied 14 January 2009
Make use of people behind this execised do some more creative and concreate Jobs,where country of this magnitude dire need of knowledgable persons in more sensitive areas like security.
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