Dear PM @narendramodi ji,
Can we have a meeting with all the CMs to completely Stop VIP Culture on the Roads? Why should tax payers wait in the heat while VIPs pass? There could be multiple emergencies for the travellers.
The traffic police faces the brunt of the people, while the VIP passes. In 100% of the cases, police are just doing their job. But, it really affects everyone. Finally, on social media, police are blamed. But actually, the person to be blamed is the VIP.
We need to find a solution for this.
I propose that the VIPs use helicopters/choppers and justify their movement. No tax payer should wait during this movement.
I request my audience to help amplify this. We need a solution for this !!!
#FI
FM ji, FM ji , itne tax mein kaise bharu.
STT , STG , LTCG badha, kya kahu,
Upar se dividend pe, do do tax bhi pay mein karu?,
(My song dated 02 August 2024.).
@nsitharaman@nsitharamanoffc@FinMinIndia
Dear @narendramodi ji @HardeepSPuri ji @PetroleumMin
Brent Crude has crashed from over $103 just a week ago to $91.12 today — a sharp 17% drop in May alone thanks to easing global tensions 👍
India imports 85% of its oil. This means billions in potential savings for our economy.
We truly appreciate how the government shielded us with duty cuts during the recent spikes.
Now is the perfect time to fully pass on these benefits by reducing petrol & diesel prices by 5 to 10%.
Lower fuel will lead to Lower Inflation, Cheaper Goods & Transport.
Huge Relief for the Tax Paying Middle Class & a Real Boost to growth...
We supported you when We Paid High Fuel Prices when Crude was at Low. Now, you need to pass on the benefits to us.
I request my audience to share this Widely until the Government Takes Action 💪
#FI
Respected @nsitharaman ji and @FinMinIndia,
Suggestion 3 of 3 for strengthening India's capital markets:
Securities Transaction Tax (STT) should be abolished.
STT was introduced as a simplified transaction tax to facilitate easier collection of taxes from capital market transactions. However, over time, it has effectively become an additional layer of taxation alongside other market-related levies.
A simplification measure should not evolve into permanent duplication.
In addition to brokerage, investors already bear multiple statutory and regulatory charges including exchange transaction charges, GST on transaction-related charges, SEBI turnover fees, stamp duty and STT.
Unlike income tax, STT is payable irrespective of whether an investor makes a profit or a loss. The investor pays the tax simply for participating in the market.
Capital markets play a vital role in channeling household savings into productive enterprises, supporting entrepreneurship, generating employment and strengthening India's economic growth. Transaction costs and multiple layers of taxation discourage participation, particularly among long-term retail investors.
India's equity markets have matured significantly since the introduction of STT. The time has come to review its original purpose and reconsider its continued relevance.
Abolishing STT would simplify market taxation, improve capital market efficiency and encourage greater participation in India's growth story.
Respectfully submitted.
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
Dear @narendramodi ji
Can we have this hand woven Indian Flag hoisted in the Capital of our Nation?
Years of Hard Work, Sweat & Patriotism. This story of Satyanarayana ji & family deserves to be shared widely.
#FI
If Investors Make Loss:
- The Government gets STT
If Investors Make Profit:
- The Government gets STT + Tax on Capital Gains 😭😭
Depository charges + Brokerage is paid for every transaction.
High time Double Taxation of STT & Capital Gains is Reconsidered @nsitharaman ji 💯
#FI
Dear FM Madam @nsitharaman ji,
- Abolish STT
- STCG at 15% if sold within 1 year
- LTCG at 10% if sold within 2 years
- ZERO LTCG if held for more than 2 years 🔥🔥🔥
Reward Long Term Investors. Keep it Simple 👍
On Behalf of Investors,
#FI
Dear FM Madam @nsitharaman ji,
Budget is Coming.
GST has two slabs - 5% & 18%
Please consider for equity & mutual funds:
STCG - 15% upto 1 year
LTCG - 10% upto 2 years
LTCG - 0% for more than 2 years (To reward Long Term Investors)
Abolish STT to avoid double taxation.
On Behalf of Investors,
#FI
This is Rajkiya Balika School (Government School) in Sindhi Camp, Jaipur.
We all pay 4% Health & Education Cess. Last year, more than 1 Lakh Crore was allocated in budget for Education.
This post should go viral until the Government ensures that no child has an unsafe environment to study. The teachers are so dedicated here. I want my tax money to be used to ensure better infrastructure for children. They deserve better.
Need your help to amplify this 🙏
Taking CM of Rajasthan @BhajanlalBjp ji & Cabinet Minister for School Education @madandilawar ji to set an example by taking action immediately 🙏🙏🙏
#FI
Dear @mappls & @nitin_gadkari ji,
I propose MapMyIndia & Govt work together. Tag every road on maps with:
- Contractor Name
- Photo
- PAN
- Address
- Number
5 star roads should get rewarded. Bad roads should get punished. Publish top rated contractors on the maps.
Within One Month we will have World Class Roads !!! Zero Potholes.
#FI
Dear FM Madam @nsitharaman ji,
- Abolish STT
- STCG at 15% if sold within 1 year
- LTCG at 10% if sold within 2 years
- ZERO LTCG if held for more than 2 years 🔥🔥🔥
Reward Long Term Investors. Keep it Simple 👍
On Behalf of Investors,
#FI
These days CCTV captures violation & automatically challans are uploaded online with proofs.
I propose Governments to install more CCTVs with AI to automatically detect potholes, issue challans to contractors & get rectified immediately within 24 hours.
#FI
Dear FM Madam @nsitharaman ji,
- Abolish STT
- STCG at 15% if sold within 1 year
- LTCG at 10% if sold within 2 years
- ZERO LTCG if held for more than 2 years 🔥🔥🔥
Reward Long Term Investors. Keep it Simple 👍
On Behalf of Investors,
#FI
Dear FM Madam. Still not too late 😀😀
- Make Investing Lucrative for Investors by Rewarding us with Reduced LTCG
- Show that you care by Reducing GST of Health Insurance & 2 Wheelers
- Take STT but Remove/Reduce Capital Gain Tax 👍 No sense paying both
- Increase Direct Tax Slabs in this budget. Let people get benefit of Investments & Insurance in New Regime as well. Incentivise Investors.
Time to send a strong statement to the world that you care for Investors ❤️❤️ @nsitharaman
My audience is filled with Long Term Investors and we are with Bharat. Everyone have their Monthly SIP running and they won't stop. SIP books are hitting highs.
Question is - Are you with us? 🔥🔥
#FI
🚨 Govt Should Be Serious About PAN Card
No One Knows How Many Apps Have Access To Our Credit Report, Mutual Funds etc
Need a Website and Mobile App for PAN
• Review All Apps
• Revoke Access
• Lock/Unlock PAN
Option To Verify with an OTP Like Aadhaar
For 1 Litre of E20 (Petrol 80% and Ethanol 20% blend), cost break up:
Petrol base cost: ₹36.00 (80% petrol)
Ethanol cost: ₹13.07 (20% ethanol)
Dealer commission: ₹3.80
Excise duty: ₹15.92
VAT: ₹14.25 (Karnataka)
Total: ₹36.00 + ₹13.07 + ₹3.80 + ₹15.92 + ₹14.25 = ₹83.04
E20 fuel should theoretically cost around ₹78 - ₹85 (based on state)
- Why are customers paying ₹100+ for E20 fuel?
- Who pays for the mileage & spare parts damage done to non E20 compliant cars?
- What happens for vehicles bought before 2023 which are E5 or E10 compliant? They will not be accepted in resale market as much as E20 cars.
@nitin_gadkari ji - We know that E20 would be better in long run. But what about the costs involved for the customer?
Can you sell E20 at ₹80 across Bharat and send us a message that YOU REALLY CARE?
Every one in my audience is waiting for this !!!!
#FI