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why every year we see fresh dose of taxes either in service tax or special cess or so many indirect taxes-the tax payer is finding things extremely complicated with different rules under different heads which frequently gets changed every years-instead of simplification its getting complicated for a common man to file a return
Citizens dont mind paying Taxes, but Either Harassment or Rate of Tax , any one thing should come down. Taxpayers are treated as Tax terrorists by assessing officers.
Sabka saath sabka Vikas. Today India has more than 30 banks and equal amount of states. Why not to give one bank headquarters to at least one state. Nabard having ho in Mumbai. Why not it should be at hazaribaugh so it can boost rural economy. India need out of box thinking
let Government use the resources of informed well versed financial advisers registered with AMFI and having experience of 15-20 years as brand ambassadors in new areas where financial literacy is low- they can be asked to give their time in organizing awareness camps in colleges/schools/army base/hospitals/govt.offices/business organizations .Their selection in various cities could be on recommendations of leading AMC and their performance monitored. this will be a big boost and special status .
SIr- As you are aware that there should be uniform code of regulations for all financial products be it be capital market/insurance/mutual funds as far as tax liability is concerned-how as an investor i have to pay service tax on buying of shares/insurance policy/real estate apartment/gold but no tax on Mutual funds-it should be either scrapped totally or applicable every where.
Sir-your government is rightly talking of SME/STARTUP/ MAKE IN india-why it is trying to disturb retail enterprises in financial sector by allowing SEBI to make frequent changes in regulations which govern marketing of mutual fund and its becoming a serious threat to established advisers and distributors who have taken this as their career. they play a significant role in investor education and the need of the hour is to give any one with experience of 15-20 years exp.a brand ambassador status.
Sir, I think in India, like GST, more initiatives can make tax system better.Rationalising tax payments,removing MRP of non-essential/luxury products & services and digital currency can bring too much confidence within & outside of India.Strengthening bottom line & improving the economic cooperations at the bottom line can make Indian economy more strong.Similar co operations can be expanded to other countries also.That can make inter relations also more strong.
all expansions and expenses are in domain of manufacturer or service provider abd it is a trade secret-why SEBI insisting on exceptional disclosure in case of Mutual fund alone
askjayanta- service tax is paid by the end user on service rendered by the provider -why in case of mutual fund the tax is paid by the service provider Distributors instead of investor or AMC
I have another schemes that is GROWTH UP INDIA GLOBAL UP INDIA. Industrial productivity will increasing but we can't standing global marketing we are suffering a lot of globally around in fire balls. We can't served people global market. Why because of our productivity not standard to compete global market. So firstly suggested to our industrial business man to keep standard quality maintainable to served to global markets.