On Monday, February 1, Finance Minister Nirmala Sitharaman will present the Budget for Financial Year 2021-2022.
Nirmalaji 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.
In a month long series, A Ganesh Nadar/Rediff.com speaks to Indians across the land about what their expectations from Budget 2021 are.
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.
He works in market research; his twin brother works in the private sector as well.
Adhiraj lives alone in a rented house.
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.
He has some suggestions for the finance minister:
Since the pandemic I have been buying almost all goods online.
Even when I am buying goods in a shop, I pay through Google Pay or Paytm.
I understand that you are planning to tax these transactions.
You are talking about cashless transactions, but by taxing these transactions you are discouraging the very process.
I am already paying income tax and GST and now you are burdening me with transaction tax.
To encourage online transactions and UPI payment, please do not impose a transaction tax or any cess on it.
The government should spend on infrastructure, particularly on low-cost housing in cities like Hyderabad.
It has done well in healthcare, particularly with schemes like central government’s Ayushman Bharat and the state government’s Arogya Shri.
Earlier in the series:
- Archana Ramanan, a homemaker
- Dimrailiu Moita, teacher
- Navarino Narah, consultant
- DEAR NIRMALAJI: More suggestions for the Finance Minister
Feature Presentation: Aslam Hunani/Rediff.com
Source: Read Full Article