Waiting for the Full Film

After Shri Goyal’s Budget speech yesterday , Shri Modi said :

“ This was only a trailer . Wait for the release of the full film after the general elections  “

Interpretation :

#  TRAILER

     Abolishing Personal Income Tax for persons earning up to Rs 5 lakh / year

#  FULL FILM

    Total abolition of Personal Income Tax .( In past 3 years, I have sent 20 emails for releasing this film )

Implications :

#  LOSS TO EXCHEQUER

    Rs 18,500 Cr for yesterday’s announcement ( from expected revenue of Rs 12 lakh*crore for next year , this is

    an insignificant 1.6 % drop )

#   GAIN TO ECONOMY THRU INCREASED CONSUMPTION

    Some 3 crore tax payers will have Rs 12,500 extra .  What will they do with this extra money ?

    I have explained this in my following emails to NDA Cabinet Ministers  :

    What would they do ?  ………………………… [  03  May  2016  ]

    What would happen ?   ……………………….. [  29  Sept  2017  ]

 

#   REDUCTION  IN  TAX EVASION  ( More taxpayers turning honest )

   Shri Goyal said , this tax rebate will benefit some 3 crore tax payers , who are currently in this slab

   I have a feeling that , by end of next year , this number could well go up to 6 crore !

   Not difficult to see

   Apart from those 3 crore who are in this slab “ officially “ , I am sure there must be another 3 crore who get ,

   #   Rs 2.5 lakh income officially through cheque , and declare in their tax returns

   #   Rs 2.5 lakh income by CASH , which they do not report in their tax returns ( which they spend in CASH )

With yesterday’s announcement , they have NOW, no reason to hide their “ so far undisclosed “  cash income

Now , they will declare all of their income honestly in their tax returns

They will become honest !

They will accept all income through digital methods and also pay ( for goods and services ) by digital methods  !

Of course , Shri Goyal could not announce this expected doubling of tax payers in this slab because it would amount to admitting that the NDA government could not catch these ( 3 crore ? ) tax evaders in 5 years

#   MANIFESTOS  of  MAHAGATHBANDHAN  parties

     The only option which they are left with , is to incorporate in their Manifestos , the release of the  FULL FILM , if

     voted to power !

     Any lesser promise and they can forget to win even 100 seats in next election !

Dear Shri Goyalji,

Now I understand what you meant when you said in your speech :

“ Ek  Kadam  Uthataa  Hai , to  Sau  Rahe  Khul  Jaati  Hain  “

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02  Feb  2019

Rsvp :  hcp@RecruitGuru.com