What India need in 2017 budget.

friends what are ur thoughts.

 

IMHO the income tax capital gains tax rates should be remain at zero because otherwise mood will get spoilt and market will crash. There should be spending on infrastructure and road building which was only 4% in previous budget. Housing should get boost because 100 city plan and housing for all is only on paper so far. This will give boost to real estate stocks and also to stock like cera, kajaria and others. Interest rate have to be cut to boost economy.

 

i think govt must bring super rich tax from this year
taxable income above 500 crore shud be taxed 50% flat and income above 1000 crore shud be taxed at 60% flat. and income above 2500 crore shud be taxed at 70%.

 

And also wealth tax @ 0.5,1,2%for people having worth more than 5000, 15000, 30000 crores

 

This Govt is a gone case and nothing positive should be expected from this directionless Govt which was elected with high hopes on false promises.My only hope is voters of five states ,now who can only start DeModitisation of our country by making this Govt lame duck ,so that Economy goes on Auto Pilot and Indian Enterpenures and Public can work without any more Tugalki Farmans like Demonetisation.

 

At present India need " political stability with strong leadership " and also
mainly focus on Revenue Deficit and Stimulus packages to Indian Industries to face global and china
competition ... and also " Banking Reforms ( mainly NPA Problum ) " , more focus on " Agriculture , Industries , Infrastructure , and Defense Sectors

 

I think, though it is unlikely to happen soon, that India needs to abolish income tax altogether. We pay too many indirect taxes already, and a tax that only 1% of the population pays is not much use, except harassing people.