{"id":105780,"date":"2021-01-29T04:48:33","date_gmt":"2021-01-29T04:48:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=105780"},"modified":"2021-01-29T04:48:33","modified_gmt":"2021-01-29T04:48:33","slug":"dear-nirmalaji-dont-tax-online-transactions","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/dear-nirmalaji-dont-tax-online-transactions\/","title":{"rendered":"Dear Nirmalaji: Don’t tax online transactions"},"content":{"rendered":"
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 <\/p>\n 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\n
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