text:
Income tax: Petition for no income tax for income below Rs.8 lakh… Court notices to Central Govt.
Income tax – A DMK party member has filed a petition to remove income tax on income below Rs.8 lakh. The court received this petition and issued a notice to the central government.
According to the Income Tax Act, those whose annual income exceeds Rs.2,50,000 have to pay income tax. The Supreme Court has recently upheld the EWS reservation given by the central government by identifying those with an annual income of less than Rs.8,00,000 as economically backward groups. There have been arguments for a long time that on the one hand the central government is identifying those with an annual income of less than Rs.8,00,000 as economically backward and on the other hand collecting taxes from those with an annual income of more than Rs.2,50,000. That is why there are always demands to increase the income tax limit.
Dravida Munnetra Kazhagam's Kunnoor Shinivasan has filed a petition in the Madurai Bench of the Madras High Court mentioning exactly this issue. The petition referred to the recent judgment of the Supreme Court regarding the reservation of economically backward classes. In light of the Supreme Court ruling that families with an annual income of less than Rs 8 lakh are eligible for EWS reservation, Shinivasan argued that there is no rationale behind the government collecting income tax from people earning more than Rs 2.5 lakh per annum.
He referred to the recent ruling of the Supreme Court upholding the validity of the 103rd Amendment in the case of the Janhit Abhiyan vs. Union of India. The ruling allowed the government to provide a 10 per cent reservation quota to the EWS. Those with gross income up to the limit of Rs 7,99,999 per family are eligible under this WS category. Srinivasan argues that the government should not allow the government to collect income tax from those with income up to Rs 8 lakh and they may be financially weak. He said in his petition that the government had determined the tax slab by paragraph A in Part 1 of the First Schedule of Economic Act, 2022, which violates Article 14, 15, 16, 21 and 265 of the Constitution of India. Four of these five articles are related to the fundamental rights of Indian citizens. This means that the central government is collecting taxes from persons with annual income of over Rs 2.50 lakh in violation of the basic rights of the Supreme Court. The Madurai Bench, which received the Srinivasan petition, issued notices to the central government on the same issue. The bench, headed by judges R Mahadevan and J. Satyanarayana Prasad, issued notices to the Union Ministry of Justice, the Ministry of Justice and the Finance Department and adjourned the hearing for two weeks.
ARVIND KUMAR SAXENA
Income for income tax purposes Rs.250000 on individual basis whereas Rs.800000 family income for the purpose of economically backward
Income Tax, other topic
Whether Sec 43B is applicable to electricity duty to be paid by the assessee as an agent?
Deduction from Interest & Remuneration of the partner of the firm & power of AO U/s 154
Non application of mind by AO: Delhi HC directs Income Tax Dept. to Reconsider Taxability of Blackstone's Investment
Gift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA
Whether possession can be equated with ownership for gold, bullion, jewellery, money, etc?
Assessment, Income Tax
Unsigned, Undated, non-elaborative sheet cannot be the basis of the addition: Mumbai ITAT in the case of Saif Ali Khan
Addition cannot be sustained in absence of any record any other positive or corroborative material: ITAT Delhi
Sec. 68 additions can be made even in case AO computed income on estimate basis after rejecting books of a/c: ITAT
Income Tax, TDS
Sale of Agricultural land: Taxation & TDS provision
Business/Profession, Income Tax
Presumptive Scheme of Taxation for Interest & Remuneration of the partner of the firm: Rajkot ITAT restored the file back to the AO
15 days extension for 45 forms by MCA
Relief to Shri Ram Janmabhoomi Teerth Kshetra Trust From Income Tax Department
Capital Gain, Circular
Representation for taking corrective measure to offer capital gain exemption for FY 2021-22
Income Tax, Other Source Of Income
ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va) in respect of payment of PF/ESIC after the due date under the respective Law


text:
A Coupla Boys and Their Dog
the dearly departed Beckham, c/Tbogg
Driving out of Siler yesterday on the main drag, I overtook two teens walking down one side of the road, and on the other side, apparently their pet dog, a very happy beagle-sized mutt who was keeping an eye on their progress and considering whether it was safe to cross the road to be on their side. There was of course 5 PM traffic going both ways, pretty much at a speed of about 40 mph. As I got close to this assembly I slowed down so as not to hit the dog if he made his decision right at that moment. He was a smart dog, saw me coming, and did not cross. The boys continued on their path, one holding a skateboard, neither particularly noticing what was going on. I got past. Other cars were slowing. Other cars were not slowing. Eventually in my rear-view mirror I saw the dog actually make it across. All was well. I thought it's no wonder we're electing nit-wits to run the country, and to command an Army with the most frightening weapons ever invented as it marches ever onwards to the next wracked third-world hell-hole. I wondered if the two boys would have cared if the dog had been hit. My guess is probably so, but that's just a guess.
You know the Elizabeth Bishop poem, "One Art." I'm not sure it's legal to quote it in entirety, but apparently there are any number of posted copies as I found them instantly by googling the poem. So here it is, and I hope it sells some of Ms. Bishop's collected poetry volumes, as she's as good as it gets in my book.
One Art
The art of losing isn't hard to master;
so many things seem filled with the intent
to be lost that their loss is no disaster,
Lose something every day. Accept the fluster
of lost door keys, the hour badly spent.
The art of losing isn't hard to master.
Then practice losing farther, losing faster:
places, and names, and where it was you meant
to travel. None of these will bring disaster.
I lost my mother's watch. And look! my last, or
next-to-last, of three beloved houses went.
I lost two cities, lovely ones. And, vaster,
some realms I owned, two rivers, a continent.
I miss them, but it wasn't a disaster.
-- Even losing you (the joking voice, a gesture
I love) I shan't have lied. It's evident
the art of losing's not too hard to master
though it may look like (Write it!) a disaster.
Ms Bishop lived with a woman in Santos, Brazil, for some years. Eventually they broke up. The woman in Brazil died. Ms Bishop returned to the United States and continued to write absolutely perfect poems, including this one, about love, grief, aging, persevering. Some say Ms Bishop was a "difficult" person. She was friends with Robert Lowell. He was certainly a "difficult" person. But neither Mr. Lowell nor Ms Bishop would think to say that a marriage between two people of the same sex, who loved each other as much as Ms Bishop loved her friend, should never be allowed, because such a marriage might somehow magically "damage" the "institution of marriage." (Indeed, the breakup of the "marriage" between Ms Bishop and the woman in Brazil implies nothing about their love for each other. Again, see the poem.) People who take that latter view actually spit on love. Oddly, they are mostly the same people who think that even a child brought to this country at an early age by parents who entered "illegally" in order to find work should be given no measure of help and mercy even if they make heroic efforts to get an education and become a productive member of "our" society. For these people, who oddly enough people our churches in droves every Sunday, empathy and mercy are left in the front of the pew, with the hymn book. For the most part they don't even know that one of the first casualties in Iraq was such a kid--a kid who got his citizenship posthumously.
Ms Bishop was born in 1911, same year as it happens as my mother. Here's a link to her wiki biography:
http://en.wikipedia.org/wiki/Elizabeth_Bishop
We're idiots, babe, it's a wonder that we still know how to breathe.
Labels: The Book of Dylan

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