Today's
News Papers are full of innumerable ANALYSIS and OPINIONS about the INTERIM
BUDGET announced yesterday
Experts are differing by calling it
Popular / Populist etc
But if you want to know what makes it ,
#
Path-breaking for the Economy
# Back-breaking for the MahaGathBandhan ,
then you may want to spend just 5 minutes
reading this preview of the forthcoming Film
====================================
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 you :
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 “
=======================================================================
02
Feb 2019
Rsvp
: hcp@RecruitGuru.com
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