INDIAN BUDGET 2011-12
The Budget introduced by the Federal Govt. for the year 2011-12 is not eminent to the public. The forecast of the Indian economist are not enough to touch with the Indian per ca-pita income. As per the latest world records the Indian Income per ca-pita Rs 40/- only. Without long angle sight of the Indian economy, the budget of service taxes may lead burden to the public. The living cost will increase due to Service taxes from 10% to 12%. The prices of goods will increase abnormally.
The Govt have hided lot of natural income sources from the Public to increase taxes. These natural incomes are:- 1. Mining of Coal 2. Mining of Rocks, 3. Mining of sands 4. Mining of Iron ores 5. Mining of Gold 6. Mining of oil. These assets have not shown any where by the finance minister of India in the financial Budget.His pomp and show will be the collection of taxes and how to increase taxes.
As per the world records the Indian have an income of Rs 40/- per ca-pita only.He bound to pay huge service taxes to the government in his daily routine life .
1. Electricity Service Taxes from 10 to 12%
2. Land Telephone service Taxes from 10 to 12%
4. Television Cable connection to service taxes 12%
5. Mobile Cards service taxes12%
6 Petrol service taxes 12%
The forecast of the public reaction will be in future how to pay service taxes of Rs 60/- from his income of Rs 40/- per ca-pita. These will lead the nation in taxes hiding by the public to full fill the requirement of 20% of the additional burden to pay the taxes to the government.An advance country is called, the taxes decreasing slowly by the government.A taxes increasing country will be called poor country in the world.
In view of the above reasons the corruption will increase just double in the next year. The younger generation may turned to criminal mentality to live in luxury life by way of obtaining money for snatching of gold chain , house breaking, pick pocketing and so on.
Hence, the result will be poor to the country.
The Budget introduced by the Federal Govt. for the year 2011-12 is not eminent to the public. The forecast of the Indian economist are not enough to touch with the Indian per ca-pita income. As per the latest world records the Indian Income per ca-pita Rs 40/- only. Without long angle sight of the Indian economy, the budget of service taxes may lead burden to the public. The living cost will increase due to Service taxes from 10% to 12%. The prices of goods will increase abnormally.
The Govt have hided lot of natural income sources from the Public to increase taxes. These natural incomes are:- 1. Mining of Coal 2. Mining of Rocks, 3. Mining of sands 4. Mining of Iron ores 5. Mining of Gold 6. Mining of oil. These assets have not shown any where by the finance minister of India in the financial Budget.His pomp and show will be the collection of taxes and how to increase taxes.
As per the world records the Indian have an income of Rs 40/- per ca-pita only.He bound to pay huge service taxes to the government in his daily routine life .
1. Electricity Service Taxes from 10 to 12%
2. Land Telephone service Taxes from 10 to 12%
4. Television Cable connection to service taxes 12%
5. Mobile Cards service taxes12%
6 Petrol service taxes 12%
The forecast of the public reaction will be in future how to pay service taxes of Rs 60/- from his income of Rs 40/- per ca-pita. These will lead the nation in taxes hiding by the public to full fill the requirement of 20% of the additional burden to pay the taxes to the government.An advance country is called, the taxes decreasing slowly by the government.A taxes increasing country will be called poor country in the world.
In view of the above reasons the corruption will increase just double in the next year. The younger generation may turned to criminal mentality to live in luxury life by way of obtaining money for snatching of gold chain , house breaking, pick pocketing and so on.
Hence, the result will be poor to the country.
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