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Black money bill

Chalanachithram.com DB » New TF Industry Related » Archive through May 12, 2015 » Black money bill « Previous Next »

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Tilak
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Posted on Tuesday, May 12, 2015 - 04:21 am:       

http://eenadu.net/news/newsitem.aspx?item=hyd-panel&no=4
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
 

Bongaram
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Posted on Tuesday, May 12, 2015 - 03:36 am:       


Wellsfargo:

In India, if you wilfully try to do the right thing you may get into trouble ani chala mandi annaru.


This is exactly what I mentioned in the other thread. our 'tax culture' is worst.. for that matter. any law.. correct ga follow avvali ante 10 days padite lancham iste 10 mins lo aipotundi. Idi change avvakunda country bagupadadu
 

Tilak
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Posted on Tuesday, May 12, 2015 - 03:34 am:       


Wellsfargo:

Yes this is the case. Ee tax consultant gallu kooda bindaas attitude people. paniki malina uchitha salahalu istharu. Needentha 10-12 lakhs. Crores lo unde vallu untaru. vallandaru kadathara. This law will not be passed ani okadu. Pass aina entha mandi katta kunda untunnaru. veellandari ni jail lo pedathara ani okadu. Ila paniki malina suggestions tappa. Okkadu kooda nenu past lo ignorance valla chesina mistake ni ela rectify cheyyalo cheppatledu.


Hmm .. wait .. let me talk to my dad and see if I can help you .. he used to deal with corporate Income tax for decades .. ofcourse now retired .. but still he must be having some contacts of good personal income tax consultants in Hyd ..
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
 

Wellsfargo
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Posted on Tuesday, May 12, 2015 - 03:29 am:       


Tilak:

But yes, later years lo when you filed Indian IT returns, you should have disclosed them .. but I still dont think you will be taxed again for that mistake. Talk to a good tax consultant, your case should not be a big deal as such.




Yes this is the case. Ee tax consultant gallu kooda bindaas attitude people. paniki malina uchitha salahalu istharu. Needentha 10-12 lakhs. Crores lo unde vallu untaru. vallandaru kadathara. This law will not be passed ani okadu. Pass aina entha mandi katta kunda untunnaru. veellandari ni jail lo pedathara ani okadu. Ila paniki malina suggestions tappa. Okkadu kooda nenu past lo ignorance valla chesina mistake ni ela rectify cheyyalo cheppatledu.
2+ years of 100% open source software usage...
 

Wellsfargo
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Posted on Tuesday, May 12, 2015 - 03:25 am:       


Bongaram:

legal ga sampadiste problem emundi.. evidence provide cheyyataniki way leda.. do u need go only thru court or any appelate authority exists?




way undi. This law comes to affect only next assesment year. Ee assesment year 2015-16 year ki disclose chesi, no tax liability. Next year nundi antha straight untadi.
Kaani we are opening a can of worms with this process. ee assesment officer gaallu last year enduku disclose cheyya ledu, adi idi ani chava godatharu. India lo tax year veru, US tax year veru. double tax avoidance agreement okati. Ivanniti tho vallaki pandaga.

In the US general rule of thumb is follow the law as and when you know things. If you ignorant, laws will protect you some way or the other.

In India, if you wilfully try to do the right thing you may get into trouble ani chala mandi annaru. I personally never faced anything so far but that is what I heard from people.
2+ years of 100% open source software usage...
 

Tilak
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Posted on Tuesday, May 12, 2015 - 03:19 am:       


Wellsfargo:

undisclosed income anatledu. undisclosed assets antunnadu. aa assets anni nenu legal gaa Indian non resident gaa unnappudu sampadinchinavi. but I never declared it to Indian tax system. so they are undisclosed assets kada.


aa assets legal ga koni, tax pay chesi, US lo returns file chesina years lo meeru Indian returns file cheyyaledu kada ( I mean, avasaram ledu kada) .. so how can that be called as undisclosed?

But yes, later years lo when you filed Indian IT returns, you should have disclosed them .. but I still dont think you will be taxed again for that mistake. Talk to a good tax consultant, your case should not be a big deal as such.
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
 

Bongaram
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Posted on Tuesday, May 12, 2015 - 03:14 am:       


Wellsfargo:

undisclosed income anatledu. undisclosed assets antunnadu. aa assets anni nenu legal gaa Indian non resident gaa unnappudu sampadinchinavi.


legal ga sampadiste problem emundi.. evidence provide cheyyataniki way leda.. do u need go only thru court or any appelate authority exists?
 

Wellsfargo
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Posted on Tuesday, May 12, 2015 - 03:10 am:       


Tilak:

If you paid taxes, how can that be income "not disclosed"?




undisclosed income anatledu. undisclosed assets antunnadu. aa assets anni nenu legal gaa Indian non resident gaa unnappudu sampadinchinavi. but I never declared it to Indian tax system. so they are undisclosed assets kada.
2+ years of 100% open source software usage...
 

Tilak
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Posted on Tuesday, May 12, 2015 - 03:06 am:       


Wellsfargo:

Since I did not disclose last time ee sari naa non black money( i have paid taxes on this income) meeda 30% kattadamendo


I guess, you are getting confused. If you paid taxes, how can that be income "not disclosed"?
Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in
 

Wellsfargo
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Posted on Tuesday, May 12, 2015 - 02:58 am:       


Jai_ycp:

double taxation avvudhi kadha? why do these countries do this way? ekkada sampidinchindhi akkada tax kadithe saripoddhi kada?




why anedi pakkana pettu. Puli ni choosi nakka vathalu pettukunnattu US ni choosi India vathalu pettu kovatam. US lo tappu relaize aithe eppudaina amendment file cheyyocchu I did not know the rule ani. Ikkada I don't know this rule. CA naa tho salaried person with no other income ante ITR-1 form fill cheyinchadu. Monna choosa foreign assets unna vallaki vere form ata. emayyindi ani choosthe naade already asseses ata so I can't file an amendment to the return.

Ippudu naa antha nenu realize aithe kooda mana Jaitley gaaru aa black money valla tho ne disclose cheyyali even if mine is not black money. Assesment officers ki pandaga naa lanti vallu dorikithe. even though I don't have any tax due, administrative issues valla it opens up lots of problems.
2+ years of 100% open source software usage...
 

Jai_ycp
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Post Number: 542
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Posted on Monday, May 11, 2015 - 04:21 pm:       

double taxation avvudhi kadha? why do these countries do this way? ekkada sampidinchindhi akkada tax kadithe saripoddhi kada?
the story of YCP and TDP in 2014 (AP)
http://www.chalanachithram.com/discus/messages/115/288306.html?1430496472
http://www.chalanachithram.com/discus/messages/115/288311.html?1430498160
the story of TDP in 2014 (T)
http://www.chalanachithram.com/discus/messages/115/288897.html?1431096876
 

Wellsfargo
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Posted on Monday, May 11, 2015 - 04:15 pm:       

Asalollani vadili maa lantolla meeda paddaru.

I didn't know that we need to file a statement of our foreign assets along with bank statements.
Jaitley sir says that 30% should be paid on all undisclosed assets. Since I did not disclose last time ee sari naa non black money( i have paid taxes on this income) meeda 30% kattadamendo
2+ years of 100% open source software usage...

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