The document outlines budget suggestions for 2020-21, emphasizing a vision to treat taxpayers as customers and simplify governmental processes, including linking Aadhaar with assets. It proposes reforms in income tax legislation, compliance laws, and recommendations to boost tourism through tax exemptions. Additionally, the suggestions include easing financial burdens on citizens through increased exemptions for education and transportation expenses.

1. Suggestions for budget 2020-21
1. Visionstatement:To treattax payersas the customers
2. Simplification:Simplifyingthe documentationwherevercitizenpayingmoneytogovernment,
single documentAadharcardto be linkedwithall assets,properties, jewelries,bankbalances,
etc
3. Processes:StreamliningGSTprocess and extremelysimplifyingit
4. Income tax–
a. Base line the slabsandincome tax.Later yearsjustkeepchangingthe slabstothe index
of inflation
b. SimplifyLTA andHRA rules – These are very complex rules;needtobe simplified
c. To bringrich farmersintotax bracket
5. Compliance of law
a. Stringentpunishmenttothe promoterswhoare cheatingtothe investors;anddoing
fraudulentactivities
b. Stringentpunishmenttothe corruptofficers, bureaucrats
6. Employeesspecific
a. All expensestobe exemptedfromthe income (online,orwhichevertype)
b. Donationin80G to be 100% exempted
c. Depreciationof vehiclesandfurniture tobe allowed
7. Boostto tourism
a. OrganisationspromotingorinMedical tourismandtourism to be giventax holidayfor5
years
b. LTA – all the expensesonfurnishingreceiptsorbankstatementtobe exemptedfrom
income
c. Encouragingtravel anytime andanywhere withinIndia;all expensestobe exemptedto
everyone
8. To remove differentiationbetween shorttermincome andloss(expenses)andlongterm
income andlongterm loss;anykindof lossis to be exemptedfromthe income
9. Exemptions
a. Expensestowardscomputersforthe students/children
b. Expensestowardsanybooks
c. Those availingpublictransport facilities