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IT officials clueless how to penalize...

Chalanachithram.com DB » New TF Industry Related » Archive through November 16, 2016 » IT officials clueless how to penalize deposited black money « Previous Next »
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Jalsa
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Posted on Tuesday, November 15, 2016 - 09:56 pm:       


Sp1234:

my wish is modi to succeed in addressing black money by doing the right thing holistically



antey meaning enti? i mean, what is the right way according to you? and what is the time frame?
 

Jalsa
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Posted on Tuesday, November 15, 2016 - 09:52 pm:       

first 200% ani gola...poni 30% vasthundhi kadha antey evaru deposit ala cheyaru ani gola....too much
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 02:57 pm:       


Sp1234:


indira gandhi emergency time lo same dictactorship choopinchindhi...we know what happened later.




T movement lo intha kante ekuva inconvience janalaki, still success..Sare bye
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:54 pm:       


Ntr_rocks:

Smooth ga educate cheyatam, batimali taxes file cheyinchatam not possible in india...It should be in hard way..



indira gandhi emergency time lo same dictactorship choopinchindhi...we know what happened later.

my wish is modi to succeed in addressing black money by doing the right thing holistically, its gonna take some time. question is would he last until then to realize the goal with tuglak decisions along the way.
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 02:52 pm:       


Sp1234:


nenu practicality gurinchi matladutunna how this will cause trouble to ordinary ani..


Memu kuda cheptunnam ga trouble and inconvinience vudni ani, ledu ani evadu cheppadu ? Even PM asking for 50 days time...

50 days taravata kuda same trouble vunte apudu memu kuda tidatam..
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:51 pm:       


Ntr_rocks:

nenu kuda ade cheppa...malli naake enduku cheptunnav not getting the point ani ?



nenu practicality gurinchi matladutunna how this will cause trouble to ordinary ani.. meeeru rules bokka boshaanam talking. what modi did is a one time temp fix which will cause hardships to crores of ordinary.

500 & 1000 notes permanent ga ban chestey at least it would have helped...rather new 500, 1000 & 2000 release chesi he is only complicating the whole thing for short term gains
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 02:49 pm:       


Sp1234:

heyinchochu ani neeku naaku telusu adukunney vaadiki teliyaali ga.. how many CAs are out there in small towns and villages?


nenu kuda ade cheppa...malli naake enduku cheptunnav not getting the point ani ?

Ntr_rocks:

illiterate aina 1K pay chesi CA tho file cheyinchachu...Ofcourse edi teliyatam kastame anuko,



Sp1234:


janam ni educate cheyakunda system ni fix cheyakunda ilanti one time fixes enni chesina chivariki kukka thoka vankare..


I don't think it is one time fix, I hope and wish this is the first step towards better future..Smooth ga educate cheyatam, batimali taxes file cheyinchatam not possible in india...It should be in hard way..
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:46 pm:       


Ntr_rocks:

illiterate aina 1K pay chesi CA tho file cheyinchachu



you are not getting the point... cheyinchochu ani neeku naaku telusu adukunney vaadiki teliyaali ga.. how many CAs are out there in small towns and villages?

janam ni educate cheyakunda system ni fix cheyakunda ilanti one time fixes enni chesina chivariki kukka thoka vankare...
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:43 pm:       


Ntr_rocks:

Ipude chusa, 45% of USA doesnot pay federal taxes, not file taxes kaadu



242m adults lo 135 million file taxes of which about 50% does not pay any tax.... in a country where SSN is mandatory for employment for ages..
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 02:38 pm:       


Sp1234:


ellehe...adukunne vaadu kooda 2.5l easy ga sampadistaadu desam lo. tax file cheyara ante vaadhiki adhi ento teliyaali ga.




Dude, seriously ? 2.5 Lakhs save chese vaadu adukune vaadu aina, illiterate aina 1K pay chesi CA tho file cheyinchachu...Ofcourse edi teliyatam kastame anuko, any way 2.5 lakhs adukune vaadu cheyaledu....edo type cheyali ani type cheyaku neeku kuda telusu..

ipati daka elage vundi kabatti future lo kuda elage vundali antav or rules enforce chesi slow ga next 10-15 yrs lo cheyali antav....Naah, batimali cheyinchatam india lo impoosible..Won't work..Kalchi erraga peditene work avuddi..
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:34 pm:       


Ntr_rocks:

above or below aithe enti tax file cheyataniki...



ellehe...adukunne vaadu kooda 2.5l easy ga sampadistaadu desam lo. tax file cheyara ante vaadhiki adhi ento teliyaali ga. neeku ivvala mood vachindhi kadha ani last 10 yrs ki penalty esta ante vaadu

///btw beggars will be the most impacted with this rule anukutunna..nuv emantaav
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 02:29 pm:       


Sp1234:

since when it was made mandatory to file taxes? 45% of USA does not file taxes for a developed nation!!!


Ipude chusa, 45% of USA doesnot pay federal taxes, not file taxes kaadu....Business loss or job lekapoyina taxes file cheyali but tax pay cheyaru....

Tax file cheyataniki, pay cheyaka povataniki diff vundi, F1 lo kuda tax file cheyali, income takkuva vunte tax pay cheyalsina avasaram ledu..

Sp1234:

2.5lakh above ki..not 2.5 and below


above or below aithe enti tax file cheyataniki...
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:08 pm:       


Bongaram:

ante income entha undachu rao garu..



hypothetical example ichaanu...lets say 3l income 50k expense and add deductions etc. you will see hundreds of different cases as you go below middle class level..
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:05 pm:       


Brodipet_baadshah:

afety ani...interest ani konni featuresuntayi..



em safety? enni banks fail ayyayi? enni financial scams jarigaayi? 6 lakh crores of public money waste chesaai banks in the form of bad loans. why govt is adding public money as liquidity to PSU banks when they are doing bad business?
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 02:02 pm:       


Henckels:

2.5 lakhs ki tax mandatory


2.5lakh above ki..not 2.5 and below. the system in country does not keep invoices as you go down the society ladder today. ofcourse you can improve the system, fix the processes, educate janatha, provide support and bring them in to the system..however govt does not want to do all this as it takes time!!!
 

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Posted on Tuesday, November 15, 2016 - 02:00 pm:       


Sp1234:


why is it mandatory to be in the banking system?


safety ani...interest ani konni featuresuntayi..adhedhoo cinemaloo rajendraprasadlaaga dabbulu dabballlo pettukoni rojuuu lekkapedithe peragav...bankloo veskunte peruguthayi...aina 25years savingsmotham intloopettukune thalakumaasinodevadehe eerojullooo
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 01:59 pm:       


Amaravathi:

••••• can if u filed taxes in last 10yrs.. absolutely u can show it..



filing taxes? you must be joking.. since when it was made mandatory to file taxes? 45% of USA does not file taxes for a developed nation!!!

where is the education to aam janatha..lets a street vendor in a village or town. where is the infra? think practical... idealistic baashan antey nenu cheptha..
 

Henckels
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Posted on Tuesday, November 15, 2016 - 01:59 pm:       


Sp1234:


why is it mandatory to be in the banking system?


Mandatory kaadu, 2.5 lakhs ki tax mandatory...so, nuvvu tax file chesi vunte adi proof kinda chupettachu..
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 01:57 pm:       


Henckels:

25 Lakhs bank lo esukokunda intlo pettukuni vunnada ?



why is it mandatory to be in the banking system?
 

Rajusk
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Posted on Tuesday, November 15, 2016 - 01:48 pm:       


Wellsfargo:

already IT assessments are completely handled by the machine learning algorithms. pedda staffing increase cheyyakkarledu.




adenti maa OT saaru..3 times staff ni penchani IT Department lo antunnar
 

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Posted on Tuesday, November 15, 2016 - 01:35 pm:       

Brothers okappudu relational database based systems undevi. In most of the cases it was difficult to figure out automatically. so you were either audited or left as is. Ippudu oka simple machine learning algorithm tho dorikestharu.

2.5 Lakhs limit pettaru. Dani kanna takkuva unte light teesukuntaru. Lets say someone deposited 5 lakhs. Last 2-3 years lo athanu total gaa bank nundi around 7-8 lakhs withdraw chesi unte genuine case ee. lite teesukuntaru. oka 10 lakhs deposit chesi, last 2-3 years lo banking ni tega vaduthunnadante kacchitanga this is unaccounted money. leka pothe avasaram emundi ani pilavocchu.
again with machine learning you can adapt. above cases correct kaka pothe algorithms marustharu. Ippudu ee data science chala hot topic. Data scientists ki isthe 95% accuracy tho dongalani padatharu. aa error margin can be corrected by manual inspection.

already IT assessments are completely handled by the machine learning algorithms. pedda staffing increase cheyyakkarledu.
 

Rajusk
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Posted on Tuesday, November 15, 2016 - 01:26 pm:       


Sp1234:

oka chota guy..year ki 2.5 save chesukuntunnadu for the last 10 years.
avi 25l. ipudu bank lo 25l vestaadu


 

Bongaram
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Posted on Tuesday, November 15, 2016 - 01:20 pm:       


Sp1234:

oka chota guy..year ki 2.5 save chesukuntunnadu


ante income entha undachu rao garu..
 

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Posted on Tuesday, November 15, 2016 - 01:06 pm:       


Sp1234:

avi 25l. ipudu bank lo 25l vestaadu...


25 Lakhs bank lo esukokunda intlo pettukuni vunnada ?

General ga 1 Lakh vuntene bank lo estaru dongala bhayam ani...

Anyway, every year 2.5L taxes kadite, chupettadam easy kada source..
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 01:04 pm:       


Sp1234:

for ex: oka chota guy..year ki 2.5 save chesukuntunnadu for the last 10 years.
avi 25l. ipudu bank lo 25l vestaadu... how do you show the source of income? are you expected to penalty on 22.5l?




can if u filed taxes in last 10yrs.. absolutely u can show it..
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 01:03 pm:       


Sp1234:

crack tho high lo unnattu maatladutunnaru as if switching to newer notes will solve the provlem magically. atleast notes poorthiga remove chestey better ga undedhi instead of reintroducing newer and higer denominations.

practical lo hazaar problems unnay..everyone will see the result soon..




who said problem will get resolved completely? what about the black assets like gold,land etc?

This action is just to smoke in the hole... aa tharvatha effects vere ga vuntai... u will understand it soon
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 12:55 pm:       


Amaravathi:

top to bottom kabatte 2.5lacs limit vundhi kadha



for ex: oka chota guy..year ki 2.5 save chesukuntunnadu for the last 10 years.
avi 25l. ipudu bank lo 25l vestaadu... how do you show the source of income? are you expected to penalty on 22.5l?
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 12:41 pm:       


Amaravathi:




crack tho high lo unnattu maatladutunnaru as if switching to newer notes will solve the provlem magically. atleast notes poorthiga remove chestey better ga undedhi instead of reintroducing newer and higer denominations.

practical lo hazaar problems unnay..everyone will see the result soon..
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 12:31 pm:       


Sp1234:

where innocents and ordinary will suffer more than the willful offenders.




asalu innocents suffering ani evadu cheppaadu sami, I spoke to some of the friends in village, they say initial 2-3 days chaos vundhi..ippudu bagane cash availability vachesindhi antunnaru for daily expenses... inka marriages lanti vatiki exemptions already ichaaru...

asalu ye inconvinience lekunda manam TV mundhu koorchunte system maaripothundhaa daananthata adhi?
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 12:29 pm:       


Sp1234:


ila ennaina cheppukovachu le naanudu lu.. system need to be fixed top to bottom. otherwise the very purpose will be defeated and he will be out by the time results show up.




top to bottom kabatte 2.5lacs limit vundhi kadha...lekapothe prati rupaayi ki lekka adigetodu kadha... current rules impact black money holders most, and genuine people ki inconvinience as they have to start providing evidence on the money deposited.. ee matram kuda cheyyalem ante inka em expect cheyyodhu desam nunchi... it will go to dogs some day with all black money and high inflation
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

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Posted on Tuesday, November 15, 2016 - 12:28 pm:       

to be clear...top down, bottom up and carpet bombing are the approaches...modi chose the latter where innocents and ordinary will suffer more than the willful offenders.
 

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Posted on Tuesday, November 15, 2016 - 12:25 pm:       


Amaravathi:

System ane mill lo paddaaka ..adhi grain ayinaa, stone ayinaa..pindi kindha avvalsindhe kadha



ila ennaina cheppukovachu le naanudu lu.. system need to be fixed top to bottom. otherwise the very purpose will be defeated and he will be out by the time results show up.
 

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Posted on Tuesday, November 15, 2016 - 12:23 pm:       


Sp1234:

Independence nunchi source of income adigettu unnadu choodabothey... mundhu peddhollu and businesses sangathi choodara babu... 90% of black money and corruption happens at that level




System ane mill lo paddaaka ..adhi grain ayinaa, stone ayinaa..pindi kindha avvalsindhe kadha
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 12:21 pm:       

Independence nunchi source of income adigettu unnadu choodabothey... mundhu peddhollu and businesses sangathi choodara babu... 90% of black money and corruption happens at that level
 

Sp1234
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Posted on Tuesday, November 15, 2016 - 12:14 pm:       

If they harass common man...its called Inspector Raj. i think they will leave ordinary folks out of trouble.
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 11:57 am:       

OT lost it completely... India lo govt agencies em cheyyaleru ane thought lo vunnaadu inka... grow up da..


even today police are running checkposts at every district level to stop the movement of cash from one place to other... vussa postunnar akkada ground level lo...

back to your point, sudden ga account lo jagan anna 100Cr esesi, 30cr tax kattestan ante G lo tanni vadhulthaar source adigi... existing system can do that..u dont need Overtime working ED here :D last year, 10lacs oke sari bank acount lo esaam ani maa dad ki letter vachindhi IT nunchi...

antha pai nunchi choostunnad chaiwala... better play safe ma
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

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Posted on Tuesday, November 15, 2016 - 11:57 am:       

when there is a source (people to be penalised for money)...they will find ways....dont worry....


source lekapothey kastam kaani.....culprit ready ayyaka.....case ela pettalo....no worries...they will come up with ways....

also....we dont live....in 'rule once made and cannot be changed era'....

rules change everyday......just the intent is enough....
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
 

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Posted on Tuesday, November 15, 2016 - 11:53 am:       


Royal1234:

he must be shared holder of the CCDB and may be planning to buy some expensive stuff of thanks giving. I love annai, first day ardam kaladeu, second day nundi no complaints.




surgical strikes appude naku doubt vachindi. ot kavalane gaint wheel ekkistunnadu more hits kosam ani. he definitely has some investment or advantage from ccdb.
 

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Posted on Tuesday, November 15, 2016 - 11:35 am:       


Royal1234:

he must be shared holder of the CCDB and may be planning to buy some expensive stuff of thanks giving.




frablem - aa money india lo cash laga vasthondemo.. andukane ila biguskupoyadu
 

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Posted on Tuesday, November 15, 2016 - 11:34 am:       

30% tax vasthundhi gaa.....adhi saripodhaa?....asalu emi raadhu annavu gaa inni rojulu
 

Royal1234
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Posted on Tuesday, November 15, 2016 - 11:30 am:       


stand one, 30% depreciation
stand two, scheme has loop hols and IT can't catch
stand three, IT depart could have done this with out touching common man tax evaders
stand four , Chiddu/Munda/Other valli opposing , so i am right and i started this freedom fight.
waiting.. for next set..

he must be shared holder of the CCDB and may be planning to buy some expensive stuff of thanks giving. I love annai, first day ardam kaladeu, second day nundi no complaints.
 

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Posted on Tuesday, November 15, 2016 - 10:57 am:       

amrika lo next time tax returns apudu "other income" lo oka 10000 esi soodandi.. additional ga "naa savu nenu sastha.. neeku enduku.." ani english lo raseyi..

similar ga india di kooda atu itu ga untadi.. response ani naa thokka lo 2 vakkalu
 

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Posted on Tuesday, November 15, 2016 - 10:52 am:       


Onlytruth:


Tuglak modi aa attempts cheyakunda

Desperately economy ni nasanam jesadu




nee b... margadarsi case lo.. press freedom antoo gola dobbe meru malla economy nashanam antoo cheppadam..
 

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Posted on Tuesday, November 15, 2016 - 10:41 am:       


Right_wing:

neekosame raasinattundi ee article




 

Jai_ycp
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Posted on Tuesday, November 15, 2016 - 10:40 am:       


Onlytruth:

Jagan range cases deal jese manpower ye leka edustunna Enforcement directorate lantivi ee massive cases ki vastaaya ? mee kanna laundry machines melu



Nuvvu ee whole issue ki solution sugegstion chesinattu IT lo man power penchutademo kadha. Enduku neeku tondara tadapa tandra

inka first stage lone kadha. let all money get deposited. then see what IT does?
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Twotown
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Posted on Tuesday, November 15, 2016 - 10:40 am:       


Biriyani:

neyenkamma...jokes apart..nee IQ chusi first navvukunna kanee ippudu serious ga jali kaluguthondi...


 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:39 am:       

katakata...intha low IQ batch thona nenu disco chesedi...
Please reach out to me for Pulihora recipe!!
 

Hero
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Posted on Tuesday, November 15, 2016 - 10:38 am:       


Onlytruth:

appatiki tuglak gaadu jamnagar lo jamkayalu ammukuntadu




2019 lo ade pani pakodi kurrodiki ... nazi party ki

 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:36 am:       


Onlytruth:

anthe gani automatically u cannot impose 200% penalty anedhi article




warni...ante IT dept auditing some random high deposits..sending notices...ivem lekunda edo software undi...bank lo deposit avvagane..emi cheyyakunda 200% penalty slip deposit chesina vadi intiki veluthundi anukunnvaa....

neyenkamma...jokes apart..nee IQ chusi first navvukunna kanee ippudu serious ga jali kaluguthondi...
Please reach out to me for Pulihora recipe!!
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:35 am:       

Jagan range cases deal jese manpower ye leka edustunna Enforcement directorate lantivi ee massive cases ki vastaaya ? mee kanna laundry machines melu

theoritically yes , practically ela vastaay vayya inni lakshala cases ki ?

appatiki tuglak gaadu jamnagar lo jamkayalu ammukuntadu
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:33 am:       


Onlytruth:

Even if i-T spares them




Even if i-T spares them
IT Cant Question you

paina rendu statements 5-10 times chuduvu...artham kakapothe inko 10 times chudvu...sarle..nee 2nd class fail pappu burraku elagu artham kaadu kanee..lite theeskoni kapu job mela scheme details ettu
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Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:33 am:       

low comprehension, negative IQ mettas like biryani...kiki

Article emiti ?

Income tax officials are at a loss how to go about imposing 200% penalty -- as announced by a senior finance ministry official -- on such funds flowing into banks.


meeru cheptunnadhi emiti ? other probes untaayi ani....vadu cheppedhi 200% penalty u cannot impose ani....

mee mokhalaki malli argument lol
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:30 am:       


Wellsfargo:

Income from other source ante what is that other source ani adugutharu. IT form choodandi.




anthe gani automatically u cannot impose 200% penalty anedhi article

VERY FIRST LINE OF THE ARTICLE CHADAVAKUNDA VACHI argue jestee ela
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:28 am:       


Biriyani:

.just deposit your black and pay 45% tax to convert it to white ani pettaru kadaa




adhi every now and then pedataru..lungi dance face laki teliyadhu
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:27 am:       


Biriyani:

declare 10 cr revenue..pay 30% tax..dont declare your source of income..and IT dept cant question you




ani nee metta brain ki ardham ayindhi ...where as article clearly states other agencies step in...

:

Even if i-T spares them, will the service tax and other indirect departments chase them? And finally, will the I-T office share the information with Enforcement Directorate who in turn can invoke the harsh anti-money laundering law?

“If the source of the fund relates to an admitted activity which is subject to levy of indirect tax, then even if the IT department accepts the source there is always the possibility that other agencies may step in,”
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:25 am:       


Kadapanagfan:

tax ok kaaani 200% penalty darunam swamy




sep 30 varaku...no questions asked ..just deposit your black and pay 45% tax to convert it to white ani pettaru kadaaa..mana kurrollu lite theesukoni addanga book ayyaru
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Abhysg
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Posted on Tuesday, November 15, 2016 - 10:24 am:       


Kadapanagfan:

tax ok kaaani 200% penalty darunam swamy




Maree comedy ga undi...tax kattukodaniki mohamatam malla penalty oddu anta... Modatlone katti unte poyedi kada.. malla disclosure ki offer iste kooda g baddakam... Enni offers ivvali endi...
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:23 am:       


Wellsfargo:

Nuvvu chicago lo koorchoni options chepthunte, kasta padi civils raasi, intha experience unnollu antha bewarse aa.

Income from other source ante what is that other source ani adugutharu. IT form choodandi.




trust me...e matter lo ( rahul gandhi IQ /10 ) = OT IQ ...

kurrodu disco capability cash transfer scheme ku ekkuva...kapu job mela ku thakkuva

oggeddam esariki
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Abhysg
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Posted on Tuesday, November 15, 2016 - 10:22 am:       

Ipati varaku rides chesinapudu dorikina unaccounted money ni ela handle sesaroo ipudu kooda alane sestar... It's your responsibility to prove that it's accounted...
 

Twotown
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Posted on Tuesday, November 15, 2016 - 10:21 am:       


Biriyani:

annai...mana db janalu entha VP johns anukunte maatram intha konderri pappu logic chepthadu...



Db kada le annai vadileyyi , bayata chepthe telusu kada....
 

Bunty717
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Posted on Tuesday, November 15, 2016 - 10:21 am:       


Biriyani:

declare 10 cr revenue..pay 30% tax..dont declare your source of income..and IT dept cant question you...and thus ESCAPE anta




whatapp lo edo fwd msg vochindi.. idee or idee lines lo .. OT kurrod adi follow ayipotunnadu...


ee whatapps grp lo fwd msgs elaa unnayi nate.. monna edo vochindi.. marriageee unte SP nunchi oka letter techukunte you can get 5lks cash ani.. maa uncle elli letter techukunnadu.. bank vallu.. ilaanti info maaku emi ledu.. bakcpocket lo ettukondi ani chepdu..
 

Wellsfargo
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Posted on Tuesday, November 15, 2016 - 10:20 am:       


Onlytruth:

But what do you do if someone deposits a crore with bank, pays 33% tax, and discloses the amount as income in his tax return filed for the assessment year 2017-18? Even if it's driven by demonetization, this is technically voluntary declaration and shown as "income from other source"




Nuvvu chicago lo koorchoni options chepthunte, kasta padi civils raasi, intha experience unnollu antha bewarse aa.

Income from other source ante what is that other source ani adugutharu. IT form choodandi.
 

Bunty717
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Posted on Tuesday, November 15, 2016 - 10:18 am:       


Biriyani:

will organize kapu job mela for cashier and clerk positions in RBI...




 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:18 am:       


Bunty717:

Biriyani kurrod on fire..

naaku telisi OT kurrod ni ee range lo kummatam evaru cheyaledu.. nen chudaledu..

this is 222much yaaa..




annai...mana db janalu entha VP johns anukunte maatram intha konderri pappu logic chepthadu...

declare 10 cr revenue..pay 30% tax..dont declare your source of income..and IT dept cant question you...and thus ESCAPE anta


Please reach out to me for Pulihora recipe!!
 

Abhysg
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Posted on Tuesday, November 15, 2016 - 10:17 am:       


Ntr_rocks:

tax 200% anthe, not declare chesina money ki 200%




Tax penalty ki 200â„… ...

10lakhs amount ki regular tax is 3lakh ayite...penalty 6lakh kattali..

At least he can have 4lakh..or nothing
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:16 am:       


Bongaram:

wish OT she be next RBI Governor




will organize kapu job mela for cashier and clerk positions in RBI...
Please reach out to me for Pulihora recipe!!
 

Bunty717
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Posted on Tuesday, November 15, 2016 - 10:16 am:       

Biriyani kurrod on fire..

naaku telisi OT kurrod ni ee range lo kummatam evaru cheyaledu.. nen chudaledu..

this is 222much yaaa..
 

Bongaram
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Posted on Tuesday, November 15, 2016 - 10:15 am:       


Onlytruth:

IT dept manpower triple chesi freehand isthe 20 days lo

Ap tg llo unna tax evaders ni 90% lo lagutaru commonman ki pain n loss lekunda


avunu. Intha simple logic ela miss ayyado.. wish OT she be next RBI Governor
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:14 am:       


Chillarodu:

OT, if what you said is true, why did people disclosed their black money and paid 40% tax in the last scheme announced by Govt instead just saying that it is current years income and pay 30%




surgery cheyinchukoni brain mokkalu lo pettinchuko...appudu kanee artham kaadu e konda logic neeku
Please reach out to me for Pulihora recipe!!
 

Bunty717
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Posted on Tuesday, November 15, 2016 - 10:13 am:       


Biriyani:

nee brain size ku ye revantha reddy gado...VH hanulantha rao gado chese kufli politics disco chesukoka..nekendukayya finance income tax RBI discos...




 

Twotown
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Posted on Tuesday, November 15, 2016 - 10:13 am:       


Biriyani:


mokallo brain unnodu kuda inthakante better ga alochisthadu...nuvvu pakkanollanu 7th class fail ani geli cheyyatam...

nee brain size ku ye revantha reddy gado...VH hanulantha rao gado chese kufli politics disco chesukoka..nekendukayya finance income tax RBI discos...


 

Chillarodu
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Posted on Tuesday, November 15, 2016 - 10:12 am:       


Onlytruth:




OT, if what you said is true, why did people disclosed their black money and paid 40% tax in the last scheme announced by Govt instead just saying that it is current years income and pay 30%
 

Bunty717
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Posted on Tuesday, November 15, 2016 - 10:12 am:       


Onlytruth:

p tg llo unna tax evaders ni 90% lo lagutaru commonman ki pain n loss lekunda


mango ppl ki pain ok.. ee loss enti..

modi move valla emi loss ayeru janam..
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 10:12 am:       


Onlytruth:




i have proper rental income where TDS gets applied before pmt..

Still i got notices asking me to furnish source of income..adentra tax already deduct chesthunnaru inkemnduku chuyinchali ante...thats how it is..provide us rental/lease agreement..asset details on how it was procured..attested letter from the opposite party about rental pmt etc..ani adigaru...

mokallo brain unnodu kuda inthakante better ga alochisthadu...nuvvu pakkanollanu 7th class fail ani geli cheyyatam...

nee brain size ku ye revantha reddy gado...VH hanulantha rao gado chese kufli politics disco chesukoka..nekendukayya finance income tax RBI discos...
Please reach out to me for Pulihora recipe!!
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:09 am:       

IT dept manpower triple chesi freehand isthe 20 days lo

Ap tg llo unna tax evaders ni 90% lo lagutaru commonman ki pain n loss lekunda

Tuglak modi aa attempts cheyakunda

Desperately economy ni nasanam jesadu
 

Bunty717
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Posted on Tuesday, November 15, 2016 - 10:07 am:       


Onlytruth:

What that article is establishing is there is no provision to slap 200% fuje





Helment ettukokundaaa 2 wheeler drive cheste 200rs fine .. alaa ani

cops.. evaru helmet ettukokudadu ani wish cheyaru..


prativaadu rule follow avali anee aa anukuntaaru..

alaagee.. ee 200% fine kosam MODI 500 and 1k notes ni void chesedu anukuntunnavaa eti house teesi..
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:06 am:       

10 years padutundi ee lopu beggar batch out of powee
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:04 am:       

Other agencies has to stepin to probe any criminal or illegal stuff

Ani aa article lo ne undhi for " other sources incOme"

Nisani biriyaniii kikii
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 10:01 am:       

Ee route teesukune vaallu negligible

What that article is establishing is there is no provision to slap 200% fuje
 

Right_wing
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Posted on Tuesday, November 15, 2016 - 09:59 am:       


Onlytruth:

200% penalty vesestham automatically for unmatched income is not possible




idi chaala

f you don't comply with notice under section 142(1):
If the assessee does not comply with the directions, conditions specified in the notice, then he might have to face best judgement assessment under section 144 - this means that the A.O will assess your income and impose tax and penalty as per his own judgement. Also, in this case the A.O would not be liable to issue you any show cause notice under section 144 meaning that you would not be given any opportunity to convince the AO that section 144 should not be imposed on you.


 

Biriyani
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Posted on Tuesday, November 15, 2016 - 09:58 am:       


Right_wing:

dabbulesi tooch other income ante picchi pulka gallanukunnava IT gallu.




kurrodu kapu job mela organize chesinantha easy anukunnadu enthanina revenue ku just 30% katti escape avvadam...
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Right_wing
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Posted on Tuesday, November 15, 2016 - 09:57 am:       

last 3 years income choostaru ..every account book check chestharu assessing officer has authority to even assess your personal belongings ( Sivaji movie lo Rolex watch lakkunnatu) not easy.

dabbulesi tooch other income ante picchi pulka gallanukunnava IT gallu.
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:55 am:       

MOVIEbuff

If at all someone disclose in this way then yes 30% vastundhi govt ki which is good

But practical ikkadi daakaa raaru

This is last desperate option for evaders
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 09:54 am:       


Onlytruth:

Biryani

ED and other agencies have to step in for that


Vallaki single case ke 2 yrs padutundi no man power qualified ones




what ever..

1st clear ga declare your revenue..pay 30% tax..and escape annav..

which is not possible...adi kuda teliyakunda ginjukuntunnav....

done deal...lets organize kapu job mela
Please reach out to me for Pulihora recipe!!
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:52 am:       

Article sadavaledhu metta modis

200% penalty vesestham automatically for unmatched income is not possible

Daniki other than IT.. ED n co digaali


IT dept cant do
 

Andhrawala
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Posted on Tuesday, November 15, 2016 - 09:50 am:       


Onlytruth:

1 crore black money deposit chesi idhi "income frm other sources" ani 30% tax kattesthe done deal

Inka asalu penality ane question arise avvadhu as its current yr filing voluntarily




yepp. Normal gaa aithe seyyoccchu

But timing also is key.

ee high denomination notes demonetization tharuvaathaa declare sesinollani kkonchem boothaddam tho soosthaaru
No Signature
 

Right_wing
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Posted on Tuesday, November 15, 2016 - 09:50 am:       

http://economictimes.indiatimes.com/wealth/tax/depositing-un accounted-money-here-are-the-income-tax-notices-you-should-g et-ready-for/articleshow/55336111.cms
 

Moviebuff001
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Posted on Tuesday, November 15, 2016 - 09:50 am:       


Onlytruth:

1 crore black money deposit chesi idhi "income frm other sources" ani 30% tax kattesthe done deal




Idi chesina kooda Govt ki 30% taxes. Black turns to white. Tax kattatledu ane kada asalu problem.

:-)
 

Right_wing
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Posted on Tuesday, November 15, 2016 - 09:50 am:       


Onlytruth:

1 crore black money deposit chesi idhi "income frm other sources" ani 30% tax kattesthe done deal




NO its not possible according to sec 142(1)

neekosame raasinattundi ee article
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:49 am:       

Biryani

ED and other agencies have to step in for that


Vallaki single case ke 2 yrs padutundi no man power qualified ones
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 09:49 am:       

asalu e kapu mela job batch ku brain ateast mokallo anna undaaa...

naa revunue 10 cr...ani 30% tax kadithe IT dept sources of income question cheyyaledantaa..

idekkadi konda VP logic saami
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Right_wing
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Posted on Tuesday, November 15, 2016 - 09:48 am:       


Onlytruth:

10th tappina nisani gaadi fans ki no way understand this.. i'll explain

fulllllllllllllllllll black money vadu kuda deposit chesesi current year other sources income ani 30% tax katteyyochu

no way IT can question that !

so 200% penalty you cannot even attempt


this is about high volume black...low volume black vallu elagu smaller stashes lo depositing


end result : konda ni tavvi sachina elaka





Notice under section 142(1):
This notice would require him to furnish his ITR within the time period allowed in the notice which is normally 15 days. Further the Assessing officer (A.O) would require him to produce his books of account, other documents and information. You might be astonished but here the A.O has powers even to enquire about your personal belongings and can ask you to submit your personal books of accounts. This notice can ask for information relating to ..
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:47 am:       

Metta batch ki ardham aindaa ?

1 crore black money deposit chesi idhi "income frm other sources" ani 30% tax kattesthe done deal

Inka asalu penality ane question arise avvadhu as its current yr filing voluntarily
 

Time_pass
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Posted on Tuesday, November 15, 2016 - 09:46 am:       

http://indianexpress.com/article/india/india-others/singhvi- in-tax-soup-officials-reject-his-claim-that-termites-ate-vou chers-slap-rs-56-crore-penalty/

chedalu tinnayi anta documents ni
 

Thikka_sankara
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Posted on Tuesday, November 15, 2016 - 09:46 am:       


Onlytruth:


edoti chestarle..
.worry kaaku.... 70% raaka pothe 35%.... B/w idi unchuko

Under Section 12 of the Prevention of Money Laundering Act, tax department can ask for any information from any agency including the Reserve Bank of India and cooperative banks besides all scheduled banks.

To prevent misuse of the 50-day window provided for exchange of genuine holdings of the scrapped 500 and 1000 rupee notes, the tax department may resort to imposing tax and penalty even before annual Income Tax Return (ITR) is filed, the official said.

"Any unexplained source of income can be charged with tax and a 200 per cent penalty on it. That can happen before filing of ITR. No retrospective amendment is required if high value deposits are caught before filing ITR," he said.
methavulaki venkayya jawaabu....
https://youtu.be/fUafzTD37sY
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 09:45 am:       


Onlytruth:

fulllllllllllllllllll black money vadu kuda deposit chesesi current year other sources income ani 30% tax katteyyochu

no way IT can question that !




ninnu 2nd class fail anna thappu ledu..

why cant IT question the source of income? intha konderri logic endi saami..

ante nuvvelli naa revenue 10 cr for this yr...ani 30% tax kadithe IT question cheyyaledaa....

dayachesi knee opetation cheyinchuki brain replacement cheyinchuko urgent ga
Please reach out to me for Pulihora recipe!!
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:42 am:       

Idhi kadak chai anta .. Aa chai supplier thoughts on economy revolces around chaiii


Lol
 

Biriyani
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Posted on Tuesday, November 15, 2016 - 09:42 am:       

mana vajralaku 200% penalty ela vestharo ledo kdau teliyadu...thodalu koduthunnaruga 1 week nunchi..educate illiterates
Please reach out to me for Pulihora recipe!!
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:39 am:       

Asalu anni kotla accounts monitor chesi assess chesi notice ichi reply ki one yr time ichi reply ni monitor chesi assess chesi ... Tappunte malli notice ichi .. Anthaa ayyaka party oka court case vesi... Minimum 10 year maximum 15 year process idhi with india speed


Ee lopu tuglak back to chai supply
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:34 am:       

There is no provision in the law to automatically slap penalty on such cash being deposited in banks, according to I-T officials, tax practitioners and bankers .

There can be penalty on escaped income. But what do you do if someone deposits a crore with bank, pays 33% tax, and discloses the amount as income in his tax return filed for the assessment year 2017-18? Even if it's driven by demonetization, this is technically voluntary declaration and shown as "income from other source"







10th tappina nisani gaadi fans ki no way understand this.. i'll explain

fulllllllllllllllllll black money vadu kuda deposit chesesi current year other sources income ani 30% tax katteyyochu

no way IT can question that !

so 200% penalty you cannot even attempt


this is about high volume black...low volume black vallu elagu smaller stashes lo depositing


end result : konda ni tavvi sachina elaka

 

Bunty717
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Posted on Tuesday, November 15, 2016 - 09:33 am:       

OT kurrod enduku inta pisukuntunnadu.. kompateesi.. N family ki emainaaa benami naa eti OT kurrod..

naaki full doubting of india..
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:30 am:       


Kkd:

questions ni IT officials clueless ankunte ela.....kikiki

they know what to do ..




ala anukoni generalise chesukodame...what it is ani teliyadhu, kani edo chestaru anukovala ? atu pakkana clear ga there are no rules to question these ani clear ga cheptonte...if u have rules put it here
 

Right_wing
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Posted on Tuesday, November 15, 2016 - 09:29 am:       

OT va akkada Kashmir lo kurrollu stone pelting aapesaranta .. deeniketantav
 

Bumper
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Posted on Tuesday, November 15, 2016 - 09:25 am:       


Henckels:

Yes





black money declare cheyani vala medha revenge plan chesi natlu undi. hope it will work out.
 

Henckels
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Posted on Tuesday, November 15, 2016 - 09:23 am:       


Bumper:


oh ithey aa money exchange cheaytam kanna tagala petadam better option? govt kuda adhe jargalii anukuntundha?


Yes
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 09:22 am:       


Bumper:

suppose 30 lakhs money unte andulo undecalred oka 10 lakhs unte 20 lakhs fine vesthara??

or 60 lakhs(200%) fine vesthara?




200% penalty is on the tax due..not on the whole amount...

for eg..u evaded tax 20% on 30lacs... that is 6lacs... so 200 of that is 12lacs. total u have to pay is 6+12lacs
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Santhi_swaroop
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Posted on Tuesday, November 15, 2016 - 09:22 am:       

*****************spam alert. its OT thread********************


ee Santhi_Swaroop flash back loo Paga_Babai_Paga
 

Bumper
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Posted on Tuesday, November 15, 2016 - 09:21 am:       


Ntr_rocks:

tax 200% anthe, not declare chesina money ki 200%




oh ithey aa money exchange cheaytam kanna tagala petadam better option? govt kuda adhe jargalii anukuntundha?
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 09:18 am:       


Bumper:

suppose 30 lakhs money unte andulo undecalred oka 10 lakhs unte 20 lakhs fine vesthara??

or 60 lakhs(200%) fine vesthara?


tax 200% anthe, not declare chesina money ki 200%
 

Kkd
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Posted on Tuesday, November 15, 2016 - 09:18 am:       

aa article rasinodiki vunna half knowledge and questions ni IT officials clueless ankunte ela.....kikiki

they know what to do ...dont worry
 

Bumper
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Posted on Tuesday, November 15, 2016 - 09:17 am:       

suppose 30 lakhs money unte andulo undecalred oka 10 lakhs unte 20 lakhs fine vesthara??

or 60 lakhs(200%) fine vesthara?
 

Raman
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Posted on Tuesday, November 15, 2016 - 09:16 am:       

100% ante 35% 200% ante 70%
 

Amaravathi
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Posted on Tuesday, November 15, 2016 - 09:14 am:       


Onlytruth:


A 200% penalty would mean the entire declared amount going into the state coffer.




Elagelaga?

jara lekka septhava deeniki?
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Raman
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Posted on Tuesday, November 15, 2016 - 09:12 am:       

gangabhavani is back and this time with more doom news
 

Emc2
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Posted on Tuesday, November 15, 2016 - 09:06 am:       

200% penalty kakunda he should have annouced the voluntary declaration sheme again

instead of paying 20% commission to bank managers and others govt ki revenue vachedi,
kani problem with this is counterfeit notes eliminate ayyevi kadu

every solution has drawbacks, nothing is 100% perfect
 

Ntr_rocks
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Posted on Tuesday, November 15, 2016 - 09:06 am:       

Ellu clueless ee epudu, emi pekaleru...
 

Kadapanagfan
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Posted on Tuesday, November 15, 2016 - 09:03 am:       

tax ok kaaani 200% penalty darunam swamy
 

Onlytruth
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Posted on Tuesday, November 15, 2016 - 09:01 am:       

Whole nation ni maximum trouble chesi tuglak sadhinchedi emi undadhu

https://www.google.com/amp/m.economictimes.com/wealth/tax/in come-tax-officials-unsure-how-to-slap-200-penalty-on-income- mismatch/amp_articleshow/55406673.cms


MUMBAI: As India struggles with demonetization, individuals and businesses are using old currency notes to settle debts while income tax officials are at a loss how to go about imposing 200% penalty -- as announced by a senior finance ministry official -- on such funds flowing into banks.

Firms are clearing dues to suppliers, depositing cash in bank accounts to repay old loans, and buying memberships of clubs, SPAs and gyms; in all these cases their books would show that cash changed hands before Tuesday evening when demonetization of 500 and 1000 rupee bills was announced. On the other hand, taxmen in several cities have told their superiors that there is no provision in the law to automatically slap penalty on such cash being deposited in banks, according to I-T officials, tax practitioners and bankers ET spoke to.

“There can be penalty on escaped income. But what do you do if someone deposits a crore with bank, pays 33% tax, and discloses the amount as income in his tax return filed for the assessment year ’17-18? Even if it’s driven by demonetization, this is technically voluntary declaration and shown as `income from other source’. This has been discussed in our meetings over the past few days… To impose penalty on this money, there has to be retrospective amendment of the income tax law,” said a senior tax official.


A 200% penalty would mean the entire declared amount going into the state coffer.

The questions troubling those with large, unexplained cash deposits are: Will the I-T office come after them if they are unable to spell out the fund source? Even if i-T spares them, will the service tax and other indirect departments chase them? And finally, will the I-T office share the information with Enforcement Directorate who in turn can invoke the harsh anti-money laundering law?

“If the source of the fund relates to an admitted activity which is subject to levy of indirect tax, then even if the IT department accepts the source there is always the possibility that other agencies may step in,” said senior chartered accountant Dilip Lakhani.

Indeed, the swelling bank deposits could pose challenge for the I-T department. Several small and mid-sized businesses, traders and individual borrowers in the farm sector have deposited cash to resolve their non-performing loans and initiate one-time settlements. “These are typically small borrowers with loan liability ranging from Rs 5-10 lakhs to Rs 5-10 crores. We have also had an instance of an individual borrower depositing cash of Rs 20 crore to clear his dues," said the CEO of a southern bank. "As part of our compliance, we are filing suspicious transaction report on such deposit beyond permissible limits," said the compliance head of a Mumbai-based private sector bank.

It is not just banks which are witnessing inflows. “Many companies have undertaken prepaid sales for a year; health centres, SPAs, and hotels have offered prepaid packages -- all have been sold without discounts but using earlier currency notes. NGOs and trusts are receiving calls for anonymous donations. Some are in a dilemma whether to accept,” said Mitil Chokshi, senior partner at audit firm Chokshi & Chokshi.

On Friday, income tax officials surveyed large bullion dealers to assess their respective cash in hand and make a note of the last bill number. This was done to stop the transfer of cash to bullion dealers and jewelers that began since Tuesday evening. But it’s impossible to keep a track of all establishments which are accepting cash. Such cash transfers are easier in case of retail outlets and jewelers where the names of buyers are not mentioned, but more difficult in transactions where the identity of the cash giver is revealed – such as club and holiday membership deals. While government authorities may not be able to prove that the cash transfer took place post Nov 7, they can always question the fund source.

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