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Inviting Ideas and Suggestions for Union Budget 2019-2020

Start Date :

Jun 06, 2019

Last Date :

Jun 20, 2019

23:45 PM IST (GMT +5.30 Hrs)

Submission Closed

In order to make the Union Budget-making process participative and inclusive, the Ministry of Finance has sought inputs from citizens for the last several years. This year too, the ...

In order to make the Union Budget-making process participative and inclusive, the Ministry of Finance has sought inputs from citizens for the last several years. This year too, the Ministry looks forward to hearing from you on your suggestions for the Union Budget which will be presented in the Parliament in the upcoming session.

Citizens from all walks of life are welcome to be a part of this democratic exercise. You can submit your suggestions either directly in the comments box or attach a PDF document.

We seek your valuable ideas to continue the tradition of the Union Budget incorporating the citizens’ aspirations. The last date for submissions on this forum is 20th June 2019.

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HARDIK LAKHANI 7 years 2 months ago

Total Income from death cum retirement gratuity to be made tax free under section 10(10) of income tax act. As of now the tax free limit is Rs 10,00,000. which is set in year of 2010. Now gratuity amount is increased but the limit is as it is. so need to update it.

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Abhishek Gang 7 years 2 months ago

It is usual for a businessman to make delay in payment of TDS for 1 or 2 day. As per current provisions a delay in deduction or delay in payment just for a day requires an entity to pay interest for 2 months which is too harsh in general nature. Interest should be charged at lower rates and for a day or a month if there is delay of 1 or 2 day instead of charging for 2 months.

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Abhishek Gang 7 years 2 months ago

As per section 196 of Income Tax Act – TDS on Payment to Indian government is not required to be deducted but payment to foreign government attracts TDS liability. As they are unable to provide any relevant documents i.e. TRC, No PE Certificate, it is difficult for Indian entities to deduct TDS so they have to bear the TDS from their own pockets. To reduce the harshness in the TDS provisions, Payment to Government including foreign government should be exempted.

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Abhishek Gang 7 years 2 months ago

Tax Residency Certificate Application (TRC) - Every Indian Resident doing business globally has to obtain TRC to avail the tax benefit as agreed between India and the other contractual states in Double Taxation Avoidance Agreement. Every such business brings foreign currency for India and also promotes the economy of India. Currently to acquire TRC we have to submit Form 10FA to the local Assessing Officer which then examines the same and allot the TRC in Form

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Kalyanakrishnan 7 years 2 months ago

Budget should make the GST rates uniform excepting for some items in the negative list it can be at highest GST rate. Linking of river water and water management schemes ( like rain water harvesting) , digging the lakes and other water bodies for storage of rain water. Budget should have incentives as well as allocation for same. Privatising the public sector companies and have time table for govt. exit from companies. Settling the pending income tax cases so as to increase revenue

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sundar_8 7 years 2 months ago

RBI is monitoring exports/imports through EDPMS/IDPMS based on which exporters are put under caution list/various government agencies start inquiring transactions. As of now banks has to clear old bills & bring it to live. Till issues is resolved between banks/RBI , efforts to be made to check status with bank first whether there is any open issue with exporters before sending notices. Otherwise, we are put into hardships in answering various agencies on issue which we do not have control.

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Chandrashekar Han Indo 7 years 2 months ago

Respected Madam Sub: Control on Halal Banking in India Madam Most of the Vulnerable People have fallen victims to Halal Banking eg is In Bangalore IMI Jewllery where the MD has looted money in the name of Religion with cooperation of Ulemas to local businessman and Politician Please consider and make a policy to bar this type of Halal Units as common people have become victims Thanks and Regards T.S.Chandrashekar MAM Phil/PhD South Korea

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Sunitta Virani 7 years 2 months ago

It becomes difficult for MSMEs to make both ends meet, hence the proposal:- GST remittance should be on receipt basis OR by the payer, similar to TDS. The accountability and onus on the payer for Services will to a large extent streamline the process of payments The MSMEC is a good beginning to redressal of grievances, but is ill equipped in terms of the enforcement. There is no time limit within which the Conciliation is to be closed, thereby, the cases pending for more than a year or two.

mygov_156100823958752121.pdf

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Chetan Purohit 7 years 2 months ago

1. Make school fees a separate entity under tax exemption for all tax filers. 2.Tax is paid by all when they buy a product mainly home appliances and consumer goods including cars. Most of these are depreciating too but facilitateanufacturing and growth. Allow for special tax exemption upto say 1,00,000 per annum for tax exemption. 3. Initiate work towards RTO centralisation and centralisation of services if possible.

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Nitin kumar_25 7 years 2 months ago

there is @bharatkeveer program for soldiers . same the way, there should such program for health and education program. where anyone can contribute with a few amounts and taxes free amount. this amount must be differ from your budget sanction.

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