Government wants to screw you..

Hi All,
It is heard that Congress government is planning to scrap tax exemptionsonvarious policies like LIC, NSC, HRA, Mutual Funds & Other section 80-C benefits (Exemptions Upto 1 lakh).

What does that mean:
You cannot get tax exemtions on your HRA, i.e. no business of showing house rent agreement & receipts. You will be taxed on the whole HRA, you cannot claim tax exemptions by showing LIC policies or by having NSCBonds, you wouldn't be able to get tax exemtions on Housing loans, no tax benefits on Mutual/Infrastructure bonds.

What does government wants:
Government is targeting the salaried people and is making sure that not any exemptions can be availed and thereby collecting as much tax as possible from our salaries.

What does government wants us to do:
This is in discussion and government wants people to provide their feedback on these future decisions and will thereby decide by the number of feedbacks received.

** Your feedback is important and will decide how much of our hard earned money is going to government.
**Please write a short email any one of these guys stating whether you want goverment to continue or discard these exsisting policies by 5th July2006.

Check out the site :-http://www.indiantaxsolutions.com/main.php?t=28011986&d=1148013629

Ms. Anita Kapur,
Joint Secretary,
TPL-I, Room No. 147-B/I,
North Block,
NewDelhi.
e-mail: jstpl1@nic.in

Ms. Monica Bhatia,
Director,
TPL-I, Room No. 147-D,
North Block,
NewDelhi.
e-mail: dirtpl1@nic.in

Ms. Pragya S. Saxena,
Director,
TPL-II, Room No. 147-E,
North Block,
NewDelhi.
e-mail: dirtpl2@nic.in

Remember guys its time to make difference, So please dont forget toemailyour comments and to Forward this message to as many people (Friends,colleagues, relatives). The more the NO's, the lesser the chance of discarding these exisiting policies.

-Bugs