The Grandfathering Provisions under Capital Gains is complicated and a common person has to take help of an expert. So I suggest that it could be either removed completely or reviewed to make it simple. Some other provision may be made to keep the Budget revenue neutral.

Recently, in the Income Tax raids, huge amounts of cash were found. In order to prevent such accumulation of currency notes, I suggest that only Rs. 100/-, Rs.50/- or lower denomination notes be distributed through banks or ATMs. This will not affect present circulation of higher denomination notes but it will automatically come down over a period of time. This will also enhance the digital transactions.

In the near past, many frauds and corruption cases related to Cooperative Banks are found. They are mainly related to the distribution of high value loans and subsequent increase in NPAs. Now a separate Cooperation Ministry has been created at the Centre. Is it possible to make it mandatory, to get the high value loans, by Cooperative banks, be sanctioned or scrutinized through the Central Cooperation Ministry, before disbursement?

Recently, a resolution was passed that a fixed deposit amount in banks, up to Rs. 500000/-, is covered under insurance. This is a very good support for common depositors. However, big depositors really make a large amount of money available for banking activities. So what I suggest is that, an optional insurance scheme may be introduced for large value deposits over and above Rs. 500000/-. It may operate in two different ways as follows. a) The depositor may be offered a lower rate of interest and the margin money may be utilized by the bank to insure either partial or the entire fixed deposit amount as per the wish of the depositor. b) The depositor may be allowed to pay the insurance installment for the desired amount and may continue with the normal rate of interest. This would give a peace of mind to the depositor and a type of boost to the Insurance Sector as well.

STCG LTCG hatao/ Kam Karo. Income tax range 10lac Karo. nahi to income tax Kam Karo. Let the common man survive.

EXEMPTION OF DIVIDEND INCOME FROM I TAX: It is vey cumbersome to work out income from dividend as now a days all dividend intimations come on email. Many companies send it late and some companies don't send at all. So one needs to work out the dividend income from the bank statement / pass book. Many companies don't pay dividend at all in view of business not doing well for various reasons including the pandemic. No one gets compensated for that. People invest in shares primarily for capital gains and not dividend. Dividend income on total investment is less than the bank interest. The notion that every investor earns a lot of money from shares is misplaced. Only those investors who have holding power and a lot of money only earn. So, considering all the above aspects, the dividend income upto say Rs.100,000/- should be allowed as exempt in the hands of small investors like the exemption for LTCG. It will also promot the ease of investing.

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An effective government machinery May be placed in force to look into health and Hygiene of poor villagers irrespective of cast and religion. Monitoring at ground level is must, Paper records May not be factual.

LONG TERM CAPITAL GAINS: LTCG taxation to my mind is not only unjustified in view of STT being charged but it is counter productive in many ways. People who bought shares cheap earn in each bull wave but many lose also, as they buy shares at higher rates in anticipation of further gains. The money gets blocked in those cases. It takes long time to recover. But he earns, he needs to pay tax. This Is unreasonable. And many will be also booking capital losses. So it's really a fact to be ascertained how much the government earns from LTCG. Moreover, the breakup of LTCG for ITR purposes is another pain. The economy to thrive needs capital formation and Capital market is one significant source of risk capital. Investors should be encouraged to invest for a long term. There is anyway, Short Term Capital Gain tax which investor pays. So in overall analysis, the tax on Long Term Capital Gains should be scrapped.

A centralised system at state level May be made for purchase of crop yield to avoid middle man and direct benefit to small farmers.