Tag Archives: Income tax

Budget of India 2018: Another opportunity lost.

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Fifth budget of Arun Jaitley as Finance Minister:

Finance Minister of India announced the budget plans, last week. Interesting point was that he could not manage to curtail fiscal deficit. Another highlight is that this budget aims at pushing rural economy and healthcare. No candy has been provided to tax paying middle class by way of reduction in income tax unlike last year when many argue that the relief was academic.

The accounting of budget 2017-18 is here. As may be seen the revenue from non corporation income tax improved by over 20% and this buoyancy has perhaps led to the Government to ignore the long standing demand to simplify the Income Tax laws.


Income Tax in India:

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Why Income Tax department is promoting Microsoft and Oracle

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Open source vs. proprietary software.

Govt of India has reiterated its policy to prefer open source software over proprietary software as part of its Digital India Initiative which is available here. However when it comes to application, different department behave differently. For over ten years income tax department forces citizens of India to use Window and Excel which is a proprietary software of Microsoft. Few years back they brought out an alternative and introduced a Java version of ITR as well. Though it does not work at all, never the less look at the choice. This time they picked Oracle proprietary version of Java. Why not pick open source? No body seems to know anything. Few months back, I had posted a grievance ticket too on their website. The officer who called up, knew nothing and kept on trying to convince me that I should borrow somebody’s window lap top to do the needful. Arrogance in stupidity.

Now I have asked following questions from Government of India under RTI Act

Kindly provide following Information under RTI Act:

1. Who is officer responsible for checking the functioning of ITR 3 Java Version, Please provide his name address and phone Number? If an entire team is responsible please provide the details of team leader.

2.If the aforesaid Officer is in the service of Govt. of India, please provide the name, designation, address of the disciplinary authority over him.

3. What is policy of Income Tax department about using open source software ? If no policy has been formulated please do state so. Continue reading →

Ex-CJI’s 3 kin found in possession of black money

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Corrupt kins of Honest Chief Justice of India

Money

In further embarrassment to former Chief Justice of India KG Balakrishnan, Income Tax authorities on Saturday said they have unearthed black money in possession of three of his relatives during their investigation into allegations of amassment of wealth by them. “As far as Justice Balakrishnan is concerned, I cannot say anything. But as far as his relatives– two sons-in-law and brother are concerned, we have found there is black money”, director general of Income Tax (Investigation), Kochi, E T Lukose, told reporters. Justice Balakrishnan’s sons-in-law PV Sreenijan and MJ Benny, both advocates, and brother KG Bhaskaran, former special government pleader, have been found to be possessing black money, he said. “We are investigating how they have the black money. We will again question the relatives”, he said. (Source:  Ex-CJI’s 3 kin found in possession of black money: I-T department – The Times of India.)

It is really very difficult to understand how they amassed this wealth? Really????   I, don’t know. I am sure this had nothing to do with the Ex. CJI’s decision relating to disclosure of wealth through RTI Act. That was a legal matter. A ‘pure question of law’ as it is called.
But kins of influential people especially  judges, always get rich. What a co-incidence?