Suggestions for budget 2020-21

1. Vision statement : To treat tax payers as the customers

2. Simplification : Simplifying the documentation wherever citizen paying money to government,
single document Aadhar card to be linked with all assets, properties, jewelries, bank balances,
etc
3. Processes : Streamlining GST process and extremely simplifying it
4. Income tax–
a. Base line the slabs and income tax. Later years just keep changing the slabs to the index
of inflation
b. Simplify LTA and HRA rules – These are very complex rules; need to be simplified
c. To bring rich farmers into tax bracket
5. Compliance of law
a. Stringent punishment to the promoters who are cheating to the investors; and doing
fraudulent activities
b. Stringent punishment to the corrupt officers, bureaucrats
6. Employees specific
a. All expenses to be exempted from the income (online, or whichever type)
b. Donation in 80G to be 100% exempted
c. Depreciation of vehicles and furniture to be allowed
7. Boost to tourism
a. Organisations promoting or in Medical tourism and tourism to be given tax holiday for 5
years
b. LTA – all the expenses on furnishing receipts or bank statement to be exempted from
income
c. Encouraging travel anytime and anywhere within India; all expenses to be exempted to
everyone
8. To remove differentiation between short term income and loss (expenses) and long term
income and long term loss; any kind of loss is to be exempted from the income
9. Exemptions
a. Expenses towards computers for the students/ children
b. Expenses towards any books
c. Those availing public transport facilities