On Monday, February 1, Finance Minister Nirmala Sitharaman will present the Budget for Financial Year 2021-2022.<\/p>\n
Nirmalaji<\/em> has asked us to send the finance ministry inputs so that the government can prepare an all inclusive Budget, one that will incorporate the needs of its people.<\/p>\n
In a month long series, A Ganesh Nadar\/Rediff.com<\/em><\/strong> speaks to Indians across the land about what their expectations from Budget 2021 are.<\/p>\n
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Adhiraj Parthasarathy, 36, is from Hyderabad, Telangana. He is a graduate in anthropology and economics from the University of Pennsylvania and has an MBA from the University of Chicago.<\/p>\n
He works in market research; his twin brother works in the private sector as well.<\/p>\n
Adhiraj lives alone in a rented house.<\/p>\n
He owns a house in Nainital and plans to buy a house in Hyderabad within the next five years. His income puts him in the 30 per cent tax bracket.<\/p>\n
He has some suggestions for the finance minister:<\/p>\n
Dear Nirmalaji<\/em><\/strong>,<\/p>\n
<\/p>\n
Since the pandemic I have been buying almost all goods online.<\/p>\n
Even when I am buying goods in a shop, I pay through Google Pay or Paytm.<\/p>\n
I understand that you are planning to tax these transactions.<\/p>\n
You are talking about cashless transactions, but by taxing these transactions you are discouraging the very process.<\/p>\n
I am already paying income tax and GST and now you are burdening me with transaction tax.<\/p>\n
To encourage online transactions and UPI payment, please do not impose a transaction tax or any cess on it.<\/p>\n
The government should spend on infrastructure, particularly on low-cost housing in cities like Hyderabad.<\/p>\n
It has done well in healthcare, particularly with schemes like central government’s Ayushman Bharat and the state government’s Arogya Shri.<\/p>\n
Thank you.<\/p>\n
Earlier in the series:<\/strong><\/p>\n
Feature Presentation: Aslam Hunani\/Rediff.com<\/em><\/strong><\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"