Tuesday, February 23, 2010

TAXATION IN BUDGET 2010- wIsh lists-I

1. To remove old vehicles from road to ensure road safety and fuel savings the FM should introduce rebate on new purchase of automobiles as replacement dumping old ones.
2. To encourage continuing education in this ever changing world the FM should allow deduction of  educational expenses on self and spouse  (of course with increase in overall increase deduction limit)
3.FM should do away with perk value taxation
4. Purchase of computers and updation should be encouraged by allowing depriciation even to individual salaried class tax payers.
5.All exemptions or deduction limits should be linked to index so that one need not wait for goodness of a FM for revision. for eg revision of tax exemption limi or 80 D for medical insurance should be made automatic linking them to index

No comments:

Post a Comment