schatterjee18
TF Buzz
We all have some expectations from IT in Feb for the next FY. We can put those here may be & try to discuss. Lets start.
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Income tax expectations thread
- Thread starter schatterjee18
- Start date
I expect 80c should get increased to 2l instead of 1.5l😜
Nothing
ankushanup1
TF Premier
if income tax says this is the exact taxes you're liable to pay and if you pay this there would no further taxes or investigations and if you have any clarification or deduction or refund can be claimed till next financial year
this is my expectations fro it dept
it may sound unrealistic to some but now everyone knows how it dept tracks our transactions and income and they have lots of clarity on this and they can atleast do pilot for atleast few and expand it later...
this is my expectations fro it dept
it may sound unrealistic to some but now everyone knows how it dept tracks our transactions and income and they have lots of clarity on this and they can atleast do pilot for atleast few and expand it later...
2.5 would be better 😃
what about 5l😁
No expectations.. nothing is coming.
They have already made it clear that they want all exemption to go hence new tax structure..(although very less takers of it).
They have already made it clear that they want all exemption to go hence new tax structure..(although very less takers of it).
Paras Jain
TF Premier
So True. Normal middleclass is just there to pay all the taxes.
understand that middle class bears a lot of brunt but the tax food chain is designed to incentivise the risk takers and wealth creators rather than contributors ...this is true across geographies and millenia and even true in communist setup( read direct taxation & Marx on tax ) ...so if one understands this and try to move up the food chain and escape from bottom of the tax food chain....
But this is easier said than done and everyone cannot be on the upper end of food chain but atleast you can try ofcourse survival of fittest fits here aptly. ... atleast understand this to make changes to your view on tax would change a lot ...
Be optimistic...
Ur suggestion is welcomed. But why the tax should be above 20L? It should be understood that the person who is earning more than 10L in agricultural activities, he shouldn't be eligible for any kind of subsidy and should be liable to pay IT. But it is not going to happen very soon as the law has to be passed by our parliament and all of our politicians are projected their selves as farmer due to tax free income and r converting their black into the white.
souvikr
TF Premier
Not going to happen because govt wants everyone to opt for new tax regime. Sooner or later old tax regime will be discontinued.
Purely depending upon one’s income
I mean how much ITR u file for a FY in that 80% if u spent in cc then no questions will be asked
20L is in order to avoid another farmer protest in Delhi
vote bank. babu bhaiya
U r partly correct bhaiya. But apart from vote bank, it's a fantastic super machine of converting black into white. Every single politician is benefitted with this practice.
