Rebate under 80c can be raised upto 2.5 lakhs to encourage savings. No tax up to 3 lakhs. Air fare shld be increased by 20 % atleast. Price of cars costing above 7 lacs can be raised by 30% more. Govt can reduce expenses on wages by introducing VRS with some conditions in govt & PSUs sectors to increase employment opportunities for skilled dependants of employees. IAS can be posted at sensitive higher posts in PSUs to curb corruptions. Rail fare for 2AC classes & above can be raised

There should be provision for compulsory health insurance of every citizen of the country like compulsory AADHAR and Aadhar no/card should be enough for it. The insurance premium should be paid by deducting subsidies on LPG and amount of income tax to be paid by that person.

Long term capital gain criteria for debt fund should be reduced from 3 years to 1 or 2 years.

I suggest govt to inroduce umbrella law for indirect axes which in turn will reduce lots of compliance requirements, tax on tax effect for doing business.The environment for doing business in India is not so good because of various regulations and paper work. The government should enhance entrepreneurship by giving incentives. I also request to make tax laws simpler in our country so as to enable all person to understand easily. Hope govt.of India will take my suggestions into considerations.

To promote job creation, developing Enterpreneurship should be given priority. For this some financial scheme, proper training module for developing Enterpreneurship and some insurance scheme should be formulated. Those having adequate knowledge and experience may be encouraged to develop as enterpreneur and suitable insurance scheme and employment guarantee scheme may be formulated to increase their confidences.

Regarding budget, I find anomaly in TDS deduction by Banks from interest on FDs with quarterly compounding mandate.When investor gives Form15-H or 15-G Bank credits full mandated amount on maturity.Where Bank makes deduction,every quarterly interest is subjected to TDS and amount so deducted is excluded from future interest calculation .On maturity the invester gets less than mandated amount and Govt .gets less tax including all quarterly TDSs.Section 194-A is clearly misinterpreted.

SEZ Unit DTA sale duty structure 1. If SEZ unit is manufacturing the goods by use of indigenous raw material, then SEZ unit has to pay duty like normal excise unit. 2. If SEZ unit is manufacturing the goods by use of imported material (even 1%), then SEZ unit has to pay duty like BCD @ 50% of Tariff rate + CVD OR BCD @ 50% of Tariff rate + CGST like EOU unit.

4. Remove Goods Transport Agency exemption like LR basis or full truck basis, collect service tax @ 1% of total freight paid during quarter/month. 5. For works contract allow lump sum ST @ 2% on total work order value.

SERVICE TAX 1. Allow 10 lakh exemptions for Service tax payment under reverse charge mechanism. 2. Also allow to pay service tax of RCM from cenvat credit. 3. Make clear list of services eligible for cenvat credit, or allow all services as input services.

13. Remove proof of export procedure, Shipping bill + e-BRC is sufficient for proof of export. No submission with dept., demand at the time of Audit. As per RBI all person has to bring export realisation within one year. 14. Implement single central excise registration system for factory running on Single PAN so GST will easily implement wef 1.4.2016.