Sunday, September 25, 2011

EQUIVALENT TAX

To exhilarate business opportunity we need a fresh and sensible financial system. Government need to introduce equal and minimum tax deduction structure on income, property, fuel, road, excise, communication etc all over India. Allow free border entry to exchange of the products and services with in the country. Low bank interest on long term deposit as well as banks charge minimum interest on long term loans and its EMI plans to explore funds in the open market. Simultaneously we require strong, efficient and advance exchequer plus law enforcements agency to stop mysterious activities in the system.

Abolish subsidy on consumable items subject to forward with the purpose to reduce tax and excise duty on fuel, electricity, communication, transportation and consumable items as well as interest rate on industries and theirs product in a balance consequently conditions step by step to control the inflation and improve GDP.

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