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Indian Income Tax Reforms

Chalanachithram.com DB » New TF Industry Related » Archive through April 20, 2015 » Indian Income Tax Reforms « Previous Next »

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Tilak
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Post Number: 26642
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Posted on Sunday, April 19, 2015 - 02:48 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Saint:

Reality lo market value takkuva choopinchi registrations lo takkuva tax kadatharu...


The less talked about this .. the better ..

and btw .. cement suppliers, brick suppliers, iron suppliers, labor suppliers .. evadu kadatadu tax??
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Santhi_swaroop
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Posted on Sunday, April 19, 2015 - 02:43 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

India loo ee corporate employee ki peddha black money vundadhu. vunnadhi anthaa business chese valla daggaree. Insted of 1000rs notes 100rs notes Max chesthee. sachinatu anthaa net transfer and checks dwaraa transactions chesthaaru safty kosam. appudu black money tagguthundhi.
ee Santhi_Swaroop flash back loo Paga_Babai_Paga :D
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Tilak
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Posted on Sunday, April 19, 2015 - 02:42 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Awara1984:

Chala transactions ki pan compulsory kada y can't they track it themselves


PAN is a crappy database .. chala fake PAN numbers unnayi .. its an unfortunate fact about India ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Tilak
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Posted on Sunday, April 19, 2015 - 02:41 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:

Unorganized sector lo possible emo kani organized sector lo scope is very less.


Haha .. there you are .. India lo business is 90% unorganized kaada? manaki cable TV service iche vaadi daggara nunchi .. poddunne supply chese milk vendor daka .. earn well but dont pay 1 rupee tax on anything .. aa tax net increase avvali for govt to lessen our taxes ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Tilak
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Posted on Sunday, April 19, 2015 - 02:38 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:

Do you have any data to back up your claim against businesses or just going with Nehrus narrative of painting all those you do business are cheaters??


No, I dont see all business as cheating .. however .. India lo 100 varieties of business lu untayi .. from big business like Godrej, Tata to corner Kirana shop and wholesalers, saloons, mechanics, hardware shops, hotels .. okkadu .. okkadu kuda tax kadatadu ani anukonu nenu .. yes .. govt tho deal chese businesses unte .. vallu koddiga kadataru emo .. but dont say they dont underwrite value of transactions and evade taxes .. double copies maintain chesedi enduku ledger books ki?
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Wellsfargo
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Post Number: 3219
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Posted on Sunday, April 19, 2015 - 01:09 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:

It is just your perception. 90% of businesses pay their taxes nuvvu entha manage chesina revenue batti cheppochu approx. Tax slabs in every sector. Unorganized sector lo possible emo kani organized sector lo scope is very less.

Inkoti enti ante prathi circle ki annual targets vuntaayi and avvi reach kakapothe explanations ivvali so cto manage chesedi kuda okati ara cases matrame.

Do you pay short term capital gains on your stocks?

Inka loopholes antava evari level lo vallu vadukuntaru.




I agree to this. Ikkada business lo loss choopinchadam is always better. emanna profit vasthe, it is better to take it as promoter's salary. 25% tax on business profit and 30% max tax in the income tax bracket. However when you take the money out, you have to either pay dividend tax. so vacchina dabbu vacchi nattu salary gaa teesesukovadam better
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Wellsfargo
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Posted on Sunday, April 19, 2015 - 01:05 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Reddit bava, nuvvu sagam news chadivi conclusions ki vasthe ela. All foregin accounts information ivvali ane rule eppati nundo undi. adi cheyyaka pothe you will be jailed for 7 years. aa rule ippudu pettaru
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Saint
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Posted on Sunday, April 19, 2015 - 01:03 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Darth thammudu, rural/small towns/big towns lo small businesses varaku confident ga cheppagalanu.. Pay cheyyatam ledu ani..

Pay cbesina kooda chala takkuva chestgaru..

I didnt even use HRA when I started working in IT, I used one time which I paid 3k per month and showed the same... Fear is the reason. Lekapothe exploit chese vanni...Stocks meeda tax kaduthunna...

Naa account transactions valla easy ga IT dept filter chese list lo naa acct vuntadi.. So cant avoid paying taxes...again fear.. Agri income matharam choopinchanu as I dont take that money from my parents.
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Darth_vader
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Posted on Sunday, April 19, 2015 - 12:43 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Saint:

I kinda agree with Tilak.. Branded comps gurnchi I dont know.. But loacl small/medium scale businesses rarely pay.. They dont even pay proper sales tax that they collect from
Customers...
CTO/ACTO lani manage chestharu bribes tho.. and pay very minimum...


It is just your perception. 90% of businesses pay their taxes nuvvu entha manage chesina revenue batti cheppochu approx. Tax slabs in every sector. Unorganized sector lo possible emo kani organized sector lo scope is very less.

Inkoti enti ante prathi circle ki annual targets vuntaayi and avvi reach kakapothe explanations ivvali so cto manage chesedi kuda okati ara cases matrame.

Do you pay short term capital gains on your stocks?

Inka loopholes antava evari level lo vallu vadukuntaru.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Filmbuff
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Posted on Sunday, April 19, 2015 - 12:03 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Sodhi reforms, there are people who travel who regularly go abroad on work, prathi sari vellinappudu details maintain chesi rayala, and what does it achieve...how will this curtail black money...these guys need to understand that more disclosure is not necessarily better disclosure and activity is not achievement
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Saint
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I kinda agree with Tilak.. Branded comps gurnchi I dont know.. But loacl small/medium scale businesses rarely pay.. They dont even pay proper sales tax that they collect from
Customers...
CTO/ACTO lani manage chestharu bribes tho.. and pay very minimum...


Salaried class lo HRA/medical fakebills pedatharu.. Daniki minchi cheat cheyyataniki chance ledu..

Reality lo market value takkuva choopinchi registrations lo takkuva tax kadatharu...

Big businesses tax lo loopholes maximum exploit chestharu...
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Darth_vader
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Posted on Saturday, April 18, 2015 - 11:25 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Awara1984:


Even tax filing kuda inka eppudo paata format laaga post cheyyali adi kuda Indian post lone


last year ninchi digital signature vunte no need to post acknowledgment to cpc Bangalore. I think this year aadhar vunte no need to send the acknowledgment.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Awara1984
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Posted on Saturday, April 18, 2015 - 11:18 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Chala transactions ki pan compulsory kada y can't they track it themselves

Even tax filing kuda inka eppudo paata format laaga post cheyyali adi kuda Indian post lone

First govt has to change itself and its functioning later concentrate on the people
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Awara1984
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Posted on Saturday, April 18, 2015 - 11:14 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Bank account open cheyyalante pan compulsory kada, why dont they gather data by themselves, y some one need to fill all these details again
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Darth_vader
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Posted on Saturday, April 18, 2015 - 11:09 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

vache revenues lo almost 38-43% tax component vuntadi for businesses. Avi kattaka kuda a businessman has to pay personal income tax just like any salaried class.

Just don't assume that businesses have it easy adhe vunte you won't have the same conglomerates cornering every sector.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Darth_vader
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http://m.rediff.com/business/report/govt-backtracks-to-drop- bank-details-and-foreign-trips-from-tax-form/20150418.htm

Ila vuntaayi half backed orders that this government is taking.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Darth_vader
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Posted on Saturday, April 18, 2015 - 11:01 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Tilak:

Businesses genuine ga pay cheyyalsindi 100 aithe .. chesedi 10 rs ..

Salaried class .. 100 rs cheyyalsi unte .. minimum 90 rs kadataru .. bcoz of TDS ..

honesty scale lo zameen / aasmaan pharak undi ..


Do you have any data to back up your claim against businesses or just going with Nehrus narrative of painting all those you do business are cheaters??

Salaried class lo entha mandi rental income, agricultural income salary ki add chesi returns file chesthunnaru? TDS businesses ki vundavu ani endhuku anukuntunnavu? TDS certificates returns tho file cheyyali that is a regulatory requirement. Nuvvu edho lala galla danda laki businesses ki confuse avvuthunnav
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Tilak
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Darth_vader:

Lot of people think business people don't pay any taxes & taxes from salaried class is running the country. Personal taxes 2-3% kuda vundadhu GoI revenues lo.


Businesses genuine ga pay cheyyalsindi 100 aithe .. chesedi 10 rs ..

Salaried class .. 100 rs cheyyalsi unte .. minimum 90 rs kadataru .. bcoz of TDS ..

honesty scale lo zameen / aasmaan pharak undi ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Darth_vader
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Lot of people think business people don't pay any taxes & taxes from salaried class is running the country. Personal taxes 2-3% kuda vundadhu GoI revenues lo.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Darth_vader
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Rajusk:

vomerica also doing same..some rule called FATCA where it gets details of all bank account holders who have US address but account in indian bank..

may be mutual sharing emo ..


Legal ga business chesukune vallu elagu ivvi anni disclose chestharu cheyyani vallu etu cheyyaru.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Rajusk
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Darth_vader:

proposal vundatam enti? return file chesthe they have to disclose all the earnings & cash balance has to tally. Ivvi anni eye wash proposals veti valla vudedi ledu em pedhaga




vomerica also doing same..some rule called FATCA where it gets details of all bank account holders who have US address but account in indian bank..

may be mutual sharing emo ..
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Darth_vader
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Thikka_sankara:

foreign accounts disclose cheyyali ane proposal aithe consideration lo undi.....


proposal vundatam enti? return file chesthe they have to disclose all the earnings & cash balance has to tally. Ivvi anni eye wash proposals veti valla vudedi ledu em pedhaga
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Darth_vader
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Tilak:

how? declare cheyyani foreign account ni future lo pattukunte chukkalu chupistaru case lu petti .. fines esi .. atleast provision undi IT dept ki .. I think they will use it more and more ..

last year ee IT dept lo reviews ekkuva chesaru ani talk vachindi .. ee year baga peragabotunnayi ani strong talk ..


Dude already RBI act lo aa provisions vunnayi you don't need new laws rather you need robust systems which can be used to track these transactions. You can't put the onus on aam junta and hope that they will get caught.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Thikka_sankara
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Darth_vader:


foreign accounts disclose cheyyali ane proposal aithe consideration lo undi.....
keka link:

fikileaks,
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Tilak
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Darth_vader:

Anyway all this stupidity is not going to help increase the tax base or curtail bilaak money. ITR lo inkonni columns fill cheyyali..


how? declare cheyyani foreign account ni future lo pattukunte chukkalu chupistaru case lu petti .. fines esi .. atleast provision undi IT dept ki .. I think they will use it more and more ..

last year ee IT dept lo reviews ekkuva chesaru ani talk vachindi .. ee year baga peragabotunnayi ani strong talk ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Cash transactions ban anaaalii

for anything just card, credit card antee saripothundhiii
No Signature
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Darth_vader
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Tilak:


tammudu IFSC ante Indian financial system code
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Darth_vader
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Tilak:

ndtv profit lo .. includes foreign accounts antunnadu clear ga ..


How the hell are they going to validate those details? Simple circular kuda ardam kadu NDTV vallaki just want to make a mountain of a rat hole.
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Darth_vader
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quote:

The assessee will also have to furnish the name of the bank, account number/numbers, it's address, IFSC code and any possible joint account holder.




Anyway all this stupidity is not going to help increase the tax base or curtail bilaak money. ITR lo inkonni columns fill cheyyali..
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Tilak
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Darth_vader:

read again its just about Indian bank accounts. Anyway IT department has all this data already because of KYC norms of banks picha pune gallu lazy to access the data want everything served on their platter,


ndtv profit lo .. includes foreign accounts antunnadu clear ga ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Tilak:

Also .. foreign banks lo accounts unte .. The assessee will also have to furnish the name of the bank, account number/numbers, it's address, IFSC code and any possible joint account holder.


read again its just about Indian bank accounts. Anyway IT department has all this data already because of KYC norms of banks picha pune gallu lazy to access the data want everything served on their platter,
The reason we struggle with insecurity is because we compare our behind-the-scenes with everyone else’s highlight reel.
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Tilak
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Posted on Friday, April 17, 2015 - 01:56 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Emc2:

passwords etc kuda unte ichestham, left and right dobbeddam ani chusthunnaru US and India vallu


legal ga ekkado akkada tax kattali .. if u paid tax in the other country .. you have to furnish those records .. genuine accounts evadiki nashtam ledu .. only illegally earned money matram pattukodaniki trials ivi anni ..

Jaitley even said .. he will try to expand tax net .. and see if lowering taxes is possible ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
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Bluelagoon
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Posted on Friday, April 17, 2015 - 01:53 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

120percent tax and fine kalipi if u dont disclose foreign acount
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Emc2
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Posted on Friday, April 17, 2015 - 01:50 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Tilak:

The assessee will also have to furnish the name of the bank, account number/numbers, it's address, IFSC code and any possible joint account holder.




passwords etc kuda unte ichestham, left and right dobbeddam ani chusthunnaru US and India vallu
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Tilak
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Posted on Friday, April 17, 2015 - 01:48 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Taxpayers to disclose bank accounts, foreign travel to Income Tax department


quote:

When it comes to disclosure of foreign travel, the taxman wants the assessee's passport number, the issuance place of the passport, countries visited, number of times such sojourns made and in case of a resident taxpayer, the expenses incurred from "own sources in relation to such travel.



Read more at:
http://economictimes.indiatimes.com/articleshow/46959662.cms ?utm_source=contentofinterest&utm_medium=text&utm_campaign=c ppst

Also .. foreign banks lo accounts unte .. The assessee will also have to furnish the name of the bank, account number/numbers, it's address, IFSC code and any possible joint account holder.

black money unnollaki bokka padocha? what happens if one doesnt declare a foreign account?
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in

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