Suneel Kumar Verma
4 years 8 months ago
Respected union ministers and executives, I hereby suggest some ideas:
1) government must do to ensure the tax collection from the retail merchants which is a major loophole and a huge amount of income tax is stolen. Govt should make transparent rule to ensure this. Original bills are not given by retailers and if they are forced to provide the bill, we are asked to pay extra money.
2) limit on deduction under 80C should be increased to meet the required saving amount as the inflation has been increased and there should be a justified safeguards to save the money for future liabilities.
3) the interest rates on small saving schemes should be increased in such a way to minimize the effective devaluation of investment.
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