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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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Showing 18319 Submission(s)
Biswajit Das
Biswajit Das 7 years 2 months ago
GST on Health Insurance premium is to be abolished. Income tax relief on Pension income may be allowed by way of enhanced Standard Deduction. Family pension may be considered as salary income and allow Standard Deduction. Limit on Sec 80C to be enhanced to 2.5 lacs.
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Sudhakar Velidi
Sudhakar Velidi 7 years 2 months ago
Please increase the interest rates for Government schemes & Banking sector. Also please increase the tax slabs & liberalize some taxation for private sectors.
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Madhusudhan v
Madhusudhan v 7 years 2 months ago
-Rather than Farm Loan Waivers, Subsidies should be given on Fertilizers. -PMAY process should be speeder with accurate details and processes stages -Tax slabs should be revised, Till 4 Lakhs no tax, from 4 lakhs to 6 lakhs - 5% tax, and from 6lakhs to 10 lakhs - 10%.
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ISBA
ISBA 7 years 2 months ago
The Govt of India should instruct its departments that publicly funded institutions are encouraged to create technology business incubators as independent entities. They would be treated as “Voluntary organizations” and not “Autonomous organizations”. And thus Rule 229 of GFR2017 is not applicable to the creation of technology business incubators. (Note: Rule 209 requires cabinet approval for creation of autonomous organizations.)
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Ritusri
Ritusri 7 years 2 months ago
1.Necessary funds should be allocated to increase the role of technology in the education sector should be i.e. digital aids to learning should be made available to all schools including the schools in village and rural areas. 2.A standard syllabus should be followed in all schools throughout India and adequate funding should be made in this respect so that inequalities do not arise. 3.More skill based subjects should be introduced in schools.
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ISBA
ISBA 7 years 2 months ago
Allow Indian non-profit incubators to hold shares in Indian owned foreign entities. [Justification: Currently, Indian charitable organizations cannot invest / hold shares in Indian owned foreign entities. However, there are many cases where incubatees find investors outside India who insist on a foreign entity as the parent company. In this case TBIs can suffer because of not being able to hold equity in a foreign entity especially if the startup is an investee company.]
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ISBA
ISBA 7 years 2 months ago
Under Rule 17C (of Section 11(5)(xii) of the Income Tax Act), replace “"incubatee" shall mean such incubatee as may be notified by the Government of India in the Ministry of Science and Technology” with“"incubatee" shall mean such incubatee as may have an incubation agreement with a notified incubator”
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Amit Mehta
Amit Mehta 7 years 2 months ago
1) In GST, like Traders all service providers should have facility to opt 5% rate without ITC OR GST for service providers should @6% with threshold limit of only Rs. 5 Lakh 2) GST return filing should be as good as TDS return efiling & settlement. Its successfully running & transparent. 3) Abolish the Income Tax and adopt BTT. No business allowed to run with CASH, either Cheq/eWallet or EFT.
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ISBA
ISBA 7 years 2 months ago
Under Rule 17C (of Section 11(5)(xii) of the Income Tax Act),replace “investment by way of acquiring equity shares of an incubatee by an incubator” with “investment by way of acquiring equity shares, preference shares or other securities convertible to equity of an incubatee by an incubator” [This will allow incubators to use instruments such as CCPS and CCD.]
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