Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday 8 January 2018

THIS IS YOUR LAST CHANCE !


Tax  Sops  ?  How about Abolishing ?

---------------------------------------------

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 :





What would 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  ?

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08  Jan  2018


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