EPF Roll Back /Budget 2016.Buying peace at a high cost
The roll back of the provisions of EPF Taxability , is a step much appreciated by one and all affected tax payers and tax experts.
But if we look at the reasons behind introducing this provisions, one would realise that it was anaborted attempt to plug a huge loophole.
The wealthy salaried employees were contributing the maximum amount possible under the rules , which is 12% of their slalries, without any cap.
All that was required to be done was to put a maximum limit of 150,000 on e...
Lessons From A Union Budget !
A Union Budget in India is one of the most debated Subject. It is so healthy to note that the attention of the intellectuals is , at least temporarily, diverted to some issues faced by the nation . We need more and more of such debates and interactions with those who govern us .
No matter how strongly we criticize the Governments, it remains a fact that year after year, they do come out with the budgets where in the Actual performance is also compared with the originally budgeted and revise...
Expect A Booster Budget 2016
I wonder why we all should be worried about Budget 2016 ?
What Options do the FM has ? He has to come out with renewed promises, smartly use the words Development, Investor friendly, Agriculture, Rural Development, Health, Empowerment, Rurban, NAREGA ( perhaps a new name might be suggested ), Education etc . Than present a statistically consistent and correct numbers for the allocations to each sector. Reveal some further details that are absolutely necessary, like Fiscal Deficit, Revenue tar...
Budget Expectations
The Budget Fever is picking up for the Budget 2016.
We all have read and heard many opinions and expectations .
Details apart, the following is quite visible and desirable
SWEETNERS
1... Reduce the burden of tax of common man by enhacing the exemption limit
2... Provide addition in ceiling of Sec 80C to provide incentive towards savings
3... The Exemption limit and 80C limits be made inflation adjustible henceforth
4...Enhance HRA, Edu Allo, Hosing loan interest etc deduct...
The NPA Volcano
I feel RBI deserves full credit for digging the surface of the NPA Volcano before it is too late. We as a nation and I in my individual capacity should be and are proud of their action.
A lot is being talked about NPA and therefore I prefer to be brief and to the point.
1. There is a need to redefine and large and willful defaulters. Their wings have to be curtailed. Some of the ways of curtailing or disciplining them can be :
a) Appointment of auditors should be by consortium of...
