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Tax Calculation with 200% penalty ...

Chalanachithram.com DB » New TF Industry Related » Archive through November 10, 2016 » Tax Calculation with 200% penalty « Previous Next »
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Onlytruth
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Posted on Thursday, November 10, 2016 - 02:13 pm:       

Cost to print, distribution, exchange new notes is 12,000 crores

http://m.thehindu.com/business/printing-new-notes-to-cost-rb i-more-than-rs-12000-crore/article9320924.ece
 

Ferrari
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Posted on Thursday, November 10, 2016 - 02:12 pm:       


Blue Lagoon:

penalty is 200% ata

ante 30 lks deposit ecsthey 60 lakhs penalty

thagalesukovatam better emo


assalu e logic ki dandam pettali..BL annai never disappoints..
 

Saarang
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Posted on Thursday, November 10, 2016 - 02:09 pm:       


Andhrawala:

Saarang:

Only poor ee kaadhu...agri income is huge loop hole...salaried people with good income will also act as binamies. Eary 20 laksh income unnadiki 5 lakhs savings unte if he says I save 15 lakhs...this is money...who is going to prove it wrong?


assalu saving 15 lakhs or 20 lakhs bank lo kaakundaa bayata endhuku pettukuntaaru as Cash




In reality pettukoru...but how can IT proove they did not if they say so?
 

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Posted on Thursday, November 10, 2016 - 02:09 pm:       


Onlytruth:

From their pov its hard.earned


jebu thengesina dongaki kuda aadi povloo hardearnedeee...em cheyamantaav policelu arrest cheyakudadhaa?judge punish cheyakudadhaa???evadi povloo aadu chuskunettaithe govt ndhuku systemendhuku...rafe chesevaadukuda vaaadi povloo edhoo kshanikaavesamee...vadhiledddamaa?
 

Andhrawala
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Posted on Thursday, November 10, 2016 - 02:07 pm:       


Saarang:

Only poor ee kaadhu...agri income is huge loop hole...salaried people with good income will also act as binamies. Eary 20 laksh income unnadiki 5 lakhs savings unte if he says I save 15 lakhs...this is money...who is going to prove it wrong?



assalu saving 15 lakhs or 20 lakhs bank lo kaakundaa bayata endhuku pettukuntaaru as Cash
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Onlytruth
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Posted on Thursday, November 10, 2016 - 02:05 pm:       

Tax kattakkarleda ?

Yes kattali , when did i say otherwise?


Na point kadataara kattara commonman in india ?

No kadhaa


From their pov its hard.earned
 

Brodipet_baadshah
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Posted on Thursday, November 10, 2016 - 01:55 pm:       


Onlytruth:

10 lakhs hard earned money in cash form unnodiki 4 lakhs straight licked


hardearnedooo kaadho evadiki thelusu...tax kattinaaka 10lakhsaa taxeee lekunda 10lakhsaaa...adhii lekka
 

Buduguuu
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Posted on Thursday, November 10, 2016 - 01:54 pm:       


Onlytruth:

10 lakhs hard earned money in cash form unnodiki 4 lakhs straight licked




hard earned aite tax evaru kadataru babu? nuvvu earn chesav ani govt uttiga undala. edava sodhi cheptav ento ardam kadu.

nannu adigite melliga agri income over 5l ni kuda tax net loki techeste all sett...
 

Biriyani
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Posted on Thursday, November 10, 2016 - 01:54 pm:       


Onlytruth:

0 lakhs hard earned money in cash form unnodiki 4 lakhs straight licked




licked is justified...multiple generations total infrastructure system antha free ga enjoy chesindi chalada inni rojulu with out paying even a single penny...how many daysonly tax paying people should suffer for being genuine..
Please reach out to me for Pulihora recipe!!
 

Biriyani
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Posted on Thursday, November 10, 2016 - 01:52 pm:       


Onlytruth:

10 lakhs hard earned money in cash form unnodiki 4 lakhs straight licked

40% depreciation of your cash


Emantaru real estate lo pettinollu ye denkipotaru ani argue jesina vallu ?




if that hard money was already reported ..they are safe...govt employees and IT employees etc...even for them..savings and income should be in proportion..monthly 10K earn chesina 20 yrs experience givt empoyee can not deposit 20/20 lacs

mainly business people naakipotharu
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Posted on Thursday, November 10, 2016 - 01:47 pm:       


Onlytruth:

10 lakhs hard earned money in cash form unnodiki 4 lakhs straight licked



hard earned ayithe tax kattakkarledhaa?
 

Onlytruth
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Posted on Thursday, November 10, 2016 - 01:44 pm:       

10 lakhs hard earned money in cash form unnodiki 4 lakhs straight licked

40% depreciation of your cash


Emantaru real estate lo pettinollu ye denkipotaru ani argue jesina vallu ?
 

Jalsa
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Posted on Thursday, November 10, 2016 - 01:18 pm:       


Saarang:

No.



ok, thanks. what govt official send in press was this is small income and doesn't fall under any income tax bracket, so it will not be coming under scrutiny.
 

Saarang
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Posted on Thursday, November 10, 2016 - 01:11 pm:       


Biriyani:

nee daggara 1 cr paina liquid black undi anuko..tell me ways to convert it into white




antha inflation unna country lo...why would majority of big fish be holding 1 cr in cash? I think most people will hold it in land or gold/silver etc.

few cases that I can think of:
1) transactions madhyalo (like just sold a property and thinking about the next investment) or ready to buy a movie distribution.
2) real big businessmen that have 100s of crores in assets might hold some 1% in cash. From what i read in news when there is an IT/ACB raid.... usually they will find some 100 cores in properties, 4 crores in gold/silver etc, 1 crore in cash...ala untundhi split.
 

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Posted on Thursday, November 10, 2016 - 01:04 pm:       


Biriyani:

and going forward majority hesitates to store liquid black..




Black market vuntundhi, but now on will be dealt in a different or another route. (until they figure out).
 

Saarang
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Posted on Thursday, November 10, 2016 - 01:03 pm:       

aa voluntary disclosure malli petti...they should say future ilaantivi measures inka chaala untayi and consequences will be more severe like putting in jail ante most people will pay the 40% tax and disclose now.
 

Biriyani
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Posted on Thursday, November 10, 2016 - 01:01 pm:       


Saarang:

This is more of a nuissance than a solution anipistandhi lets see...I will be happy to be proved wrong...but I am skeptical for now.




govt is also targeting big fish..and going forward majority hesitates to store liquid black..oka bhayam anedi vasthundi common man lo kuda

nee daggara 1 cr paina liquid black undi anuko..tell me ways to convert it into white
Please reach out to me for Pulihora recipe!!
 

Saarang
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Posted on Thursday, November 10, 2016 - 01:00 pm:       


Saint:



what ever annai...he is bringing back the money into system...in that process, govt might get couple thousands of crores in penalties taxes..next year tax returns choodandi....tax income 200-300% ekkuva vuntadi compared to previous year...

aa tarvatha next follow up action adhiri povali..adi weak ithe motham malli modataki vasthadi..




yes, I think its better to introduce the voluntary disclosure scheme again with this...govt will collect more...rather than sending to brokers and middle man.
 

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Posted on Thursday, November 10, 2016 - 12:58 pm:       


Awesomedber:

Ikkada mafia type lo money exchange gangs start avutaayi once withdrawal limits are relaxed.
People will start exchanging at 1000 black to 900 rs type.
Modus operandi is simple.They pick a poor guy with aadhar. Acct open chepiyyadam 2.5 lakhs deposit chepinchadam. Vaadiki 5% broker ki 5%..


Ledu antey copmanies peru tho kaani.. inko peru tho kaani..
Mottaaniki 500Rs notes nundi manchiga kotha 2000Rs notes loki maarchukuntaaru :-)




Only poor ee kaadhu...agri income is huge loop hole...salaried people with good income will also act as binamies. Eary 20 laksh income unnadiki 5 lakhs savings unte if he says I save 15 lakhs...this is money...who is going to prove it wrong?

all 100 rupee notes in circulate are effectively 120 rupee notes now.....deposit chesevanni 500/1000 notes ee untayi...black will get converted in 100/50 rupee notes and gradually into the new 2000 notes.
 

Dhonifan
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Posted on Thursday, November 10, 2016 - 12:57 pm:       

2000 note introduce cheyakapothe would have been more tough to find a loophole
 

Saint
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Posted on Thursday, November 10, 2016 - 12:57 pm:       


Saarang:



Amount perige koddhi headaches true. Lets say some guy had 20 lakhs salary per year in India for the last 10 years....he can convert a lot more...who is going to dispute his expenses?

Agri income kindha choopiste inka easy. ee batch antha 50 days lo will exploit every loop hole.




what ever annai...he is bringing back the money into system...in that process, govt might get couple thousands of crores in penalties taxes..next year tax returns choodandi....tax income 200-300% ekkuva vuntadi compared to previous year...

aa tarvatha next follow up action adhiri povali..adi weak ithe motham malli modataki vasthadi..
 

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Posted on Thursday, November 10, 2016 - 12:55 pm:       


Saarang:

ee batch antha 50 days lo will exploit every loop hole.




Exactly my point rajaa.

Modi intent manchidhe, it will be diluted in the long run antunna.


One easy loophole all janatha back to square one. back to our standard stabbing traits
 

Saarang
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Posted on Thursday, November 10, 2016 - 12:54 pm:       

This is more of a nuissance than a solution anipistandhi lets see...I will be happy to be proved wrong...but I am skeptical for now.
 

Awesomedber
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Posted on Thursday, November 10, 2016 - 12:53 pm:       

Ikkada mafia type lo money exchange gangs start avutaayi once withdrawal limits are relaxed.
People will start exchanging at 1000 black to 900 rs type.
Modus operandi is simple.They pick a poor guy with aadhar. Acct open chepiyyadam 2.5 lakhs deposit chepinchadam. Vaadiki 5% broker ki 5%..


Ledu antey copmanies peru tho kaani.. inko peru tho kaani..
Mottaaniki 500Rs notes nundi manchiga kotha 2000Rs notes loki maarchukuntaaru :-)
 

Saarang
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Posted on Thursday, November 10, 2016 - 12:52 pm:       


Biriyani:

yes..same guy can not deposit in multiple accounts as the deposits will be linked to PAN..

thorugh family/freinds..they can split money and ask them to deposit in thier accounts...so 10-15 lacs varaku manageable...amount perigekoddi head aches




Amount perige koddhi headaches true. Lets say some guy had 20 lakhs salary per year in India for the last 10 years....he can convert a lot more...who is going to dispute his expenses?

Agri income kindha choopiste inka easy. ee batch antha 50 days lo will exploit every loop hole.
 

Saarang
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Posted on Thursday, November 10, 2016 - 12:50 pm:       


Saarang:

Jalsa:

guys, 2.5 lakhs kantey thakkuva deposit chestey no income proof required?


No.




Infact aa 2.5 lakhs convert chesinavaadu, can go and rotate it with black money guys...so that black money guys dont have to declare it.

Already people exchanging 500 notes for 4x100 and 1000 notes for 8x100 (20% premium). Ippudu ee 20% comission deals will be done using 2000 notes.
 

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Posted on Thursday, November 10, 2016 - 12:50 pm:       


Dhonifan:

ippudu aa money chelladhu aney ga asalu issue. so moosukuni marchukovali. may be in hawala style




aa suitcase companies lo deposit chestharu ee year gains vachayi ani
JP/Chiru
 

Andhrawala
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Posted on Thursday, November 10, 2016 - 12:49 pm:       


Biriyani:

so remaining 20%..ante 24 cr population paina impact untadi antaav...a 24 cr lo at leats 10 cr will have more than 10 lac..so max impacted population 10 cr..

1 10 cr population ku edanna tip ivvaraadu ela convert cheyyalo black ni white ga




even 10 lakhs ni easy gaa bank lo vesukocchu

wife, husband, 2 kids and HUF account lo each account ki Rs 2 lakhs vesukunnaa 10 lakhs aipothundhi


Nijam seppalante. we are kind of OK. But maa daggareee soldi cash Rs 10 lakhs intlo/bank locker lo ledhu/vundadhu
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Biriyani
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Posted on Thursday, November 10, 2016 - 12:48 pm:       


Saarang:

20 lacs guy will easily split it into 4 or 8 accounts...or convert it into 100 rupee notes and sit on it till he gets access to 2000 notes.




yes..same guy can not deposit in multiple accounts as the deposits will be linked to PAN..

thorugh family/freinds..they can split money and ask them to deposit in thier accounts...so 10-15 lacs varaku manageable...amount perigekoddi head aches
Please reach out to me for Pulihora recipe!!
 

Saarang
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Posted on Thursday, November 10, 2016 - 12:46 pm:       


Jalsa:

guys, 2.5 lakhs kantey thakkuva deposit chestey no income proof required?




No.
 

Biriyani
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Posted on Thursday, November 10, 2016 - 12:46 pm:       


Jalsa:

guys, 2.5 lakhs kantey thakkuva deposit chestey no income proof required?




yes.not required...in fact for any amount income proof not required while depositing..

but higher amounts vesthe income tax dept may audit and ask us to pay penalty
Please reach out to me for Pulihora recipe!!
 

Saarang
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Posted on Thursday, November 10, 2016 - 12:46 pm:       


Sp1234:


Are u serious? Why will banks cut tax penalties without tax dept determination. 2.5l per person and not per acct no questions from tax dept.




Nenu kooda penalties peddaga evvaru kattaru ani chebtunna
 

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Posted on Thursday, November 10, 2016 - 12:42 pm:       


Chitti_babu:

Least impact vuntadhi society lo.......80% janaabha dhaggara anthaa dabbu (> 2.5L) endhuku vuntadhi illallo....




so remaining 20%..ante 24 cr population paina impact untadi antaav...a 24 cr lo at leats 10 cr will have more than 10 lac..so max impacted population 10 cr..

1 10 cr population ku edanna tip ivvaraadu ela convert cheyyalo black ni white ga
Please reach out to me for Pulihora recipe!!
 

Jalsa
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Posted on Thursday, November 10, 2016 - 12:42 pm:       

guys, 2.5 lakhs kantey thakkuva deposit chestey no income proof required?
 

Sp1234
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Posted on Thursday, November 10, 2016 - 12:41 pm:       


Saarang:



Are u serious? Why will banks cut tax penalties without tax dept determination. 2.5l per person and not per acct no questions from tax dept.
 

Saarang
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Posted on Thursday, November 10, 2016 - 12:40 pm:       


Dhonifan:

ala pettali ante, mundhu aa money chellali kadha.
ippudu aa money chelladhu aney ga asalu issue. so moosukuni marchukovali. may be in hawala style




Antha ledhu Rao gaaru...people with white income, people with low income, agri income will become temporary binamis and convert everything.

Already brokers exchanging 500 notes for 4x100 in full swing.
 

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Posted on Thursday, November 10, 2016 - 12:37 pm:       


Biriyani:

20 lacs - 63.75% loss




20 lacs guy will easily split it into 4 or 8 accounts...or convert it into 100 rupee notes and sit on it till he gets access to 2000 notes.
 

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Posted on Thursday, November 10, 2016 - 12:36 pm:       


Idle_yzag:

he can put in suitcase companies or ill-industries and show as profits this year and can pay regular taxes and make it white


ala pettali ante, mundhu aa money chellali kadha.
ippudu aa money chelladhu aney ga asalu issue. so moosukuni marchukovali. may be in hawala style
 

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Posted on Thursday, November 10, 2016 - 12:34 pm:       

Silly chart.. deposit chesetapudu evading pay cheyadu penalty.

Tax dept notice pampitehy u have to provide proof of source or pay penalty
 

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Posted on Thursday, November 10, 2016 - 12:31 pm:       


Tracking vunna chota week tracking leni chota stronge……….
 

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Posted on Thursday, November 10, 2016 - 12:08 pm:       


Biriyani:

20 lacs - 63.75% loss
30 lacs - 72.5% loss




koncham burra vunandu yevadu ee pani cheyyadu.... go to CPA's, he can put in suitcase companies or ill-industries and show as profits this year and can pay regular taxes and make it white

and I strongly believe except politicans rest everyone already done long time back, no body is carrying in cash
JP/Chiru
 

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Posted on Thursday, November 10, 2016 - 12:02 pm:       

Practical ga aalochinchandi.....antha antha peddha amount endhuku vuntaayi.....

Janaanni marri chulakanaga choodakandi......enni vishyallo tax egadobbuthunnaru. Aithey githe business (small kirana kottu nunchi) chese batch ki affect gaani chinna chithaka job to decent salary draw chese batch ki affect vundadhu........
 

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Posted on Thursday, November 10, 2016 - 11:59 am:       


Uppu:

school attender pilla birthday 1 lak karusupettaduu


appu tessi in max cases,false prestage kosam
 

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Posted on Thursday, November 10, 2016 - 11:58 am:       


Biriyani:

but middle class to upper class people with savings from 10 - 50 lacs range savings will loose the most..


andaru mike mindu super decision antunru,i c modi as pm for min 15yrs
 

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Posted on Thursday, November 10, 2016 - 11:57 am:       


Uppu:

school attender pilla birthday 1 lak karusupettaduu


 

Chitti_babu
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Posted on Thursday, November 10, 2016 - 11:54 am:       

Least impact vuntadhi society lo.......80% janaabha dhaggara anthaa dabbu (> 2.5L) endhuku vuntadhi illallo....

oka 2-3 months tharavathaa..........black money transactions malli back to normal with new currency notes (newly printed 500 notes and more 100 notes)


Bottomline entante.......

Edhavidhiga jaruguthunna vyapaara laava dhevilu alane jaruguthaayi, avi maaravu, maarche shakthi ee govt ki ledhu, endhukante mana society lo win-win concept nammuthaam, andhuke iddharam dongalam (Konevaadu, ammevaadu), voorantha dongale ani namme society manadhi, nyayabaddhamga vellakunda enni routes ayyina vethukuthaam. idhi ee rakhamga kooda aagadhu.
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:47 am:       

It people who properly pay taxes with no side income are the least effected section...so social media lo modi bhajana untundi..

but middle class to upper class people with savings from 10 - 50 lacs range savings will loose the most...major dent for BJP vote bank
Please reach out to me for Pulihora recipe!!
 

Uppu
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Posted on Thursday, November 10, 2016 - 11:46 am:       


Andhrawala:

bulk of the people 1,2 and 3 lo vuntaaaru

So minimum impact


meeru ekkdao 20 years back unnaru, ippudu daily coole 500 undi, school attender pilla birthday 1 lak karusupettaduu
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:41 am:       


Asdf:

above 2.5 L, proof vunte tax/penalty ledu kada?




clarity ledu annai..if that savings are from your earlier reported income like salary, real estate sales etc..then no one will bother you antunnaru..

naaku telisi 10 lacs lopala govt wont even care anukuntunna
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Rahul
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Posted on Thursday, November 10, 2016 - 11:41 am:       


Asdf:


Agri income ki documented proofs emuntayi ?aa cases lo ela chupali ?
 

Asdf
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Posted on Thursday, November 10, 2016 - 11:39 am:       

above 2.5 L, proof vunte tax/penalty ledu kada?
The Land of the Free and the Home of the Brave - Hillary is free and Snowden in exile
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:39 am:       

5 l - 15% loss
10 lacs - 37.5% loss
20 lacs - 63.75% loss
30 lacs - 72.5% loss

upper middle class with 20-30 lacs black will be the most affected
Please reach out to me for Pulihora recipe!!
 

Chitti_babu
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Posted on Thursday, November 10, 2016 - 11:38 am:       

Above 2.5L income proof choopistharu .......
 

Andhrawala
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Posted on Thursday, November 10, 2016 - 11:37 am:       

bulk of the people 1,2 and 3 lo vuntaaaru

So minimum impact
No Signature
 

Ntr_rocks
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Posted on Thursday, November 10, 2016 - 11:37 am:       


Biriyani:



so the least effected are the ones with < 10 lacs black...


Common man ni dochestunnar ani OT cheppaka nuvvu cheppindi evadu vintadu...ellehey
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:36 am:       

courtesy chandra annai
Please reach out to me for Pulihora recipe!!
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:35 am:       

http://imgur.com/HYiuttT

nice info assuming the percentages/calculations are right..

so the least effected are the ones with < 10 lacs black...
Please reach out to me for Pulihora recipe!!

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