Monday, July 13, 2009

Some Thoughts

Budget released this week..... I was at the office that time, first thing I had checked about tax slabs... how much it would effect in my take home... and i was disappointed.....
strange.. next morning, in times, I read these lines.... "Our interest in the Budget revolves mostly around out immediate concerns: will I take home a fatter salary, will my investments yield higher returns, will my business benefit? our budget edition seeks to address such concerns. but there is another India that many of us have only a passing acquaintance with. its an India of several hundred million people who barely make a few rupees a day. They live without a roof over their head and die without medical treatment. They can not write or spell their names.... its time we gave the other India hope of a better life.... not just because it's the right thing to do, but also because if we don't, 'our India' won't grow and prosper in the long run.." .... very true...
really we are very selfish, Hippocrates... first we thought only about our take home, our benefits then when go out side and see poor peoples, bad roads and we scolded government for not doing anything about these..... very bad....
ya but one thing I surely still not understand is tax structure.... when I was in MCA, one of my friends who was studying CS that time, he said that rule is that if tax is implemented on one thing, another type of tax must not implements on that thing... I was student at that time and don't know government will deduct tax direct from my salary, even before it comes to my hand.. :( ..... so I didn't argue anything that time... but now I know a bit.. a bit only... so when we met last time, I asked him that you told me that rule, but I didn't get that yet, Ones I paid tax from income, why should I pay tax on things I buy like VAT.... like entertainment tax at cinema and then he said... you paid tax on your income from your salary, at cinema u r paying entertainment tax, when u buy something u r paying sales tax ... so its not the same, its different.. rule is that you can't pay tax twice on the same thing but here things r changed, transformed from one thing to another, when u r buy raw material, u have to pay tax on that.. when u buy some furnished thing from that raw material, its the different thing so u have to pay another tax... so its like energy can't be destroyed, it just transformed from one form to another....
aah... its difficult.. not for me that's the sure.... even Albert Einstein can not understand, how can I..... but then vice verse also not true....what Einstein understands, I can not even understand those things.... hmmmmmmmmm

2 comments:

Kavan said...

Good post!.
Actually there two kind of taxes. One is direct tax and other one is indirect tax (VAT,sale tax etc). Every citizen needs to pay both kind of tax according to its earning capacity. So the taxes you are mentioning are indirect tax. That is the main source of income for the government

Anish Patel said...

Thanks for the clarification....