Times of India ( 08 Jan )
carries following news report :
“ Eye on ’19 polls, govt may woo the
middle class with tax sops “
Extract :
·
Middle class taxpayers are a key BJP constituency
·
Finance Minister Arun Jaitley
has said previously that government believes in leaving more funds for people to spend and invest
Dear
Shri Jaitleyji :
As the above news suggests , you are
facing pulls from several sides
And , to satisfy everyone ( - although a little bit ) , you will be
tempted to resort to tinkering / tweaking the personal income tax , a little bit , here and there
But , even though it may not be possible
to announce total abolition of personal income tax with effect from April 2018 , you may , at
least want to ask your Cabinet Colleagues :
“ What would tax payers do with the tax amount saved , in case
Personal Income Tax was totally abolished , with effect from April 2019 ? “
It is very
likely that you may get to hear something like what I wrote to you earlier , as
below :
· Whatwould they do ?
Considering that you make such an advance “ Declaration of Intent “ for 2019-20 , in your Budget
Speech on 01 Feb 2018 , it cannot be considered as “ Influencing the Voters “ ,
by the Election Commission ( - breaking Model Code of Conduct ) !
And any
opposition party that “ dares “ to criticize / oppose your “ Declaration “ , is bound
to get branded “ Anti Poor
“ and lose all the 8 State Elections coming up in 2018 !
Worth a gamble ? In the
interest of not only the tax payers but entire economy
?
====================================================
08 Jan
2018
www.hemenparekh.in / blogs
No comments:
Post a Comment