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Sunday, Feb 25, 2007
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Industry & Economy - Budget
Independent panel to curb black money

An independent monitoring committee should be introduced to curb black money from the system. Excise duty on premium cars must be hiked. Tax on LTA on foreign travels should be made nil. Strict norm on purchase and sale of property must be introduced. Income-tax slab for salaried class can be raised to Rs 2 lakh. Commodity market must be regulated by applying strict norms. Wealth tax returns to be monitored and should curb black money from the system.

Sumesh R, Asst. Manager, IndusInd Bank, Kottayam

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Stories in this Section
State Bank of Travancore hikes interest rates


I-T exemption limit may be raised to Rs 1.5 lakh
Raise basic I-T exemption limit
Differential tax slabs for corporates
Withdraw service tax on exports biz
Restore standard deduction
Give prime importance to agriculture sector
Need for fair deal on service tax
Service tax must be based on usage
Tax income or expenditure
Reduce corporate, personal tax rates
Allow depreciation sops for salaried
Independent panel to curb black money
Give more sops to investments
More for senior citizens
Allocate more for defence spending
Abolish special additional duty on all imports
Focus on dryland farming
Unearned income must be taxed more
ONGC-Cairn pipeline project: Engineers India to do feasibility study
ONGC appoints consultant for 3rd party audit of wells
SIAM suggests tax deduction for car loans
Plea to include exports to CIS nations for duty credit benefits
CPI opposes power PSUs divestment
Luxembourg sees key role for India in WTO talks
Godrej Agrovet to focus on rural marts
Milk powder export ban: Casein makers unaffected


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