There are many type of discrimination occurs in the recommendation system, sometime its content and sometime it’s products or service which tends to create Bias in our buying pattern. YouTube would only recommend you top rated or most view content irrespective of its relevance. I would suggest to follow Black and White rule, treat every purchase as 5 start rating unless it is revised by Buyer. This way we would be able to five consistent rating average including all the purchases made on the product .
I. AADHAR for NRI with Indian Passport (without waiting for 180 days)
II. Estate duty tax should not be imposed
III. 18 New Diplomatic mission in Africa where currently India doesn’t have diplomatic mission.
IV. 17,000 crore public Bank Funding towards Capital
VI. Direct tax revenue rise 78% between 13-14 to 18-19
VII. No Tax, if taxable income upto 5,00,000 Rupees.
VIII. Additional tax deduction of Rs 1.5 lakh on interest paid on Affordable housing (with loan upto 45 lakhs) for self-occupied house owners
IX. No change in lower Slab of Income Tax
X. Enhance Surcharge of 3% on taxable income between 2Cr. To 5Cr. And 7% on 5Cr. And above
XI. Corporate tax rationalisation -25% tax rate applicable to companies with T/O 250 Crore increased to T/O upto 400 Crore (covering 99.93% business).
XII. Additional income tax benefit of 1.5 lakhs on interest paid for purchase on Electric Vehicle.
XIII. Automation of GST refund process
XIV. E-Invoice from GST portal which will eliminate requirement of E-waybill and auto-preparation of GST return data (to be implemented from Jan 2020)
XV. Legacy Dispute Resolution Scheme : to reduce pre GST pending litigations for businesses.
XVI. Start-up initiatives:
1. To resolve angel tax issue, start-ups who file declarations will not be subjected to scrutiny in valuation
2. No scrutiny for amount of Share premium
3. No scrutiny of start-up by Assessing officer without approval of supervising officer
4. Share issue price is out of purview of Income tax scrutiny for Start-up
XVII. Security transaction Tax (STT) only on difference on exercise and settlement price
XVIII. Interchangeability of PAN and AADHAR, Income tax return can be filled even without PAN with AADHAR number.
XIX. Pre-filled tax return for ease of filling with all income, deduction and tax details.
XX. Face-less assessment scheme for Verification of Transaction and discrepancy in returns.
XXI. To discourage Cash transaction 2% TDS on cash withdrawal by business from Bank in a year.
XXII. Streamlining Labour law in four basic Labour codes
XXIII. Fiscal deficit down to 3.3% from 3.4% previous years