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 ?
====================================================
08
Jan 2018
www.hemenparekh.in / blogs
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