Thursday, 1 February 2018

Chartered Accountants' reply after Budget

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The big myth on Income Tax Payers in India;

 Data from a Chartered Accountants' group.......;
✍ FM said during his budget speech that we are largely a tax 'non- compliant' society and presented that only 3.7 crores are  filing ITRs in this poor country of 125 crore population .

The reply by CAs :

We have 82 crore voters out of which,

- 75% are agriculturists  ie. 61.5 crores ( You exempted them straightaway, but they can also buy cars , bungalows etc. as you quoted.. Your political colleagues are also enjoying this exemption)

Balance remains.......20.5 crores

Less:24% BPL class ( Below poverty line)

Means 15 crore population ( which is non agriculturist and non BPL) ..

Less : Senior Citizens, Non working wives, unemployed youths, below-taxable income earners...political class..(say 75%) ... in a typical indian family only 1 earning member and 5/6 are dependent on him....

Balance: (15-11.25)=3.75 crores is the earning class ... which can file ITRs and ... they are already filing it...

.... So almost no gap as FM  is stressing unnecessarily without knowing his country🤓😝😱

if FM wants more people to come into tax net ...then... instead foolishly resorting to rampant raids, surveys...notices... scrutiny ..... demonetisations etc etc viewed as tax terrorism  ... he should defy his negative bureaucrats and .......

1. Introduce simple Income Tax on Agricultural Income on large landlords ( Say 10 Acres plus ) - you can add 26% of Agriculturists as tax payers ( Politicians are also enjoying this exemption )

2. Instead of introducing 5000/10000 penalties on late filers of IT return ...
come out with positive approach and introduce incentives to IT return filers ( learn from Pakistan, IT assessee gets discount in purchase of Car )

3. Introduce Privilege card to  those paying taxes above certain limit.. privilege card to entitle assessee with benefits like Priority quota in railway tickets , Use of airport lounges, subsidised medical facilities, etc etc... *let Tax payers feel proud

4. Introduce medical insurance / life insurance on basis of average ITR filled... like coverage upto twice of Gross Income in ITR filed for mediclaim and ten times risk cover in case of life insurance

5. Introduce Pension after 65 yrs of age on the basis of tax paid by tax payer during his working life..

Let honest taxpayers get certain direct benefits....

As on today, 3.3% of Indian population is filing ITRs as compared to 8% of China...adding large agriculturists to Income Tax may shoot the figure to more than 10% .... it may help you to cool your tax terrorism mindset and a tax compliant nation ...😊
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Robot 2 Vadivel Meme

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Credit goes to original creator.
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Imran Tahir #CSK Memes

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Sunday, 19 March 2017

India To Help Ghana Build 400-Seater Capacity Parliamentary Chamber

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Ghana's wish to have a new Parliamentary Chamber to accommodate more people could soon materialise, following the decision of the Indian government to extend its assistance in that regard.

The 400-seater capacity new chamber will replace the present 275-seater capacity chamber which was configured in 2013 to accommodate more Members of Parliament (MPs).

The Speaker of Parliament, Professor Mike Aaron Ocquaye, told the Daily Graphic in an interview in India on the sidelines of the just-ended 12th Confederation of Indian Industries (CII) Exim Bank Conclave on India-Africa Partnership in India that an Indian construction firm, Shapoorji Pallonji, which built the Flagstaff House from 2006 to 2008, had already put a team of architects on site for feasibility studies.

The studies, he said, would allow the company to present a proposal and drawings of the new facility to the leadership of Parliament to be studied for a possible approval.

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Partial Solar Eclipse

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Three ISIS posters💀 found in Rohtas village in Bihar

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Three posters carrying the name of ISIS and asking youths in Bihar to join the terror organisation were found pasted on electric poles at Maoist-infested Sikrauli Bihga village under Nauhatta police station in Rohtas district, around 150km from here, on Saturday.

Police sources said the posters in English claimed that the terror group has its presence in all parts of the country, including Bihar.

Rohtas SP M S Dhillon said the village where the posters have been found pasted is remotely located. "We are trying to find out if any suspicious person reached the village during Holi. Villagers are also being quizzed," he said, adding an FIR has been lodged against unknown persons in connection with recovery of posters. "Household computer printer was used to print the posters," the SP said.

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Saturday, 18 March 2017

Near Jim Corbett, Forest Dept Uses JCB to Move Tiger🐯 Which Ends Up Dead😟

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A tiger pinned down by an earthmover, after it was possibly overdosed during attempts at tranquillisation in the forests adjacent to the Corbett tiger reserve, died soon after it was captured.

On Thursday morning, a group of migrant labourers working at a stone quarry on the Dabka river went inside the forests of Belpadav range in the Terai West Forest Division where they chanced upon the male tiger.

According to local forest sources, the quarrying lobby put pressure on the forest officials to immediately remove the tiger as the panic-stricken migrant labourers threatened to abandon work and flee. The forest personnel swung into action with tranquillising guns and used an earthmover from a local quarry to pin down the tiger even before the drugs took effect. The big cat was injured in the process and died while being transported to the Nainital zoo the same day.

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