This is a really good opinion on the real estate part of the question.
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Legit questions by a tax payer, but our Nirmala Tai has no reply
- Thread starter jetesh
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This is a really good opinion on the real estate part of the question.
sidp
TF Ace
There is big difference in how bribe operates in other countries & in india. In india paying bribe doesn't guarantee smooth approval. This is the reason many foreign companies don't want to operate in india, especially in those sectors which requires a lot of licensing. Even today most hotels are owned by politicians ( either directly or indirectly).
Here anyone who gains slightest power (or even their gate keepers) take bribe as birth right.
This " outsize influence & reach" is a good thing. It means the system is being more efficient. When a person or a group of persons have a good track record , they are( & should be) favoured.
Not only govt , or financier do it, retail investors & general customers do it too. All fmcg /cd companies or even local restaurant takes advantage of it. Why blame those who are doing it most efficiently?
An experienced extrovert with big useful network ,will always get more clients/jobs than fresh introvert with no practical nw no matter how much more competent the introvert is.
We can agree to disagree to that part. But no one can deny the fact that these rich celebrity directly pay a lot of tax in absolute terms. And indirect contribution is way too much.
At some point in absolute tax paid makes % tax irrelevant. Socialism works only in econonomical advanced country, with low standard deviation in income distribution. It will never work where beneficiaries outnumber benefactor by factor of 1000s.
Let's take the example of super bike/car. In a world with no tax, cost of ownership would have been less than 10% of practical cost of ownership. Of course we need to pay for road we use( but most roads are privately financed and operated anyway) . We also need to consider that if tax wouldn't so high there wont be any technology sharing( which anyway isn't), additional jobs creation ( & additional income tax for govt ). It is also duty of well off people to help out fellow countrymen. But question is by how much. By paying more than 10times? Definitely not.
RajMahadik
TF Premier
Paying government powered POSTAL LIFE INSURANCE payment , penalty payments attract gst... also they removed life insurance from tds
If you go for doing a speed post , registered letter also attract gst... which all three were at zero taxes...
In addition they fined zomato swiggy for 750 cr penalty only for deliveries... nlw soon they start charging gst on delivery charges , gst on food...
Calculate once how much u re paying to govt when ur income has pure white n yes income tax direct deduction for also there like us government servants...
Where india is going just think...
RajMahadik
TF Premier
My friend did cc emi... i ve checked his statement... Even cc emi has 4 entries..
1. Base emi
2. Gst on emi
3. Emi interest
4. Gst on emi interest..
Wth everywhere gst fcked up.
1. Base emi
2. Gst on emi
3. Emi interest
4. Gst on emi interest..
Wth everywhere gst fcked up.
wolfdalalstreet
TF Premier
Well well. People defending Nirmala Tai in this thread. Glad this thread was posted.
We aren't tax paying society nor finance literate .
So indirect way of taxation is only way to function gov
Number of freebie ( food etc ) gov spend on most poor is burden + you have to do development
Psu are mostly loss making thing ..which recently changed still BSNL Is loss making when jio just killed the internet service.
Lately millnial started playing taxes because they got hight paying jobs and it is only gonna increase.
For a developing society/ country u can make direct tax of 40-50 % as in Nordic country ( keep in mind those are small and resource rich) .
Yes there should be.more transparent system on how much tax .
But it's people job to ask the gov question like this in masses not just in a summit during elections.
You took loan u gonna pay gst on service
Bank made money from intrest from you
They gonna pay gst ..
No money is free it's the rotation of money which generates more .
But 11% can applied if a person buys from 2nd time and can reduce for first time buyers I feel1) Brokerage is separate from taxes. Based on the killing brokers are making by feeding retail traders to algorithmic and large institutional traders, there's actually a case to be made for a tax on brokerage purely to rehabilitate all those idiots who are trading away their future in FnO. Also, someone needs to ask the dude if he's also building the roads/trains he and his employees travel on to come to work, the water pipelines he washes and drinks from, the sewage lines he dumps his waste into, and all the other infrastructure that basically enable him to come to the point where he can ask such stupid questions.
2) If 11% taxes on the price of a house in Mumbai is too expensive for him, then he should what most people who want to buy a house do: buy a house where the cost + 11% taxes is not too expensive for him. Let's not forget that these guys who usually ask what are you doing for the "common man" are more often those with multiple houses pulling in nice amounts in tax exemptions. You can sort of see that from how he really wants to be able to pay in "cash" to buy his house.
There's a category of people who will complain about the potholes on their roads and the taxes they have to pay and also participate in the corruption that creates that situation. And of course, folks like that really think that asking such things to a female minister will be much more easy (till they find the I-T dept. knocking on their door)
Only bank interest emi wil be applicable for gst right
The important question is why such considerations should be applied in the first place. A government has the right to impose taxes on business/commercial activity because its spending on physical infrastructure, law and order, and defense allow a business environment to exist. In fact, one could even say that a government that refuses to do this is being irresponsible and not discharging its duties. In India, for example, you often see states announcing populist reductions in stamp duty rates and property tax waivers apparently to benefit the common man (more often because someone in the government or a moneybag supporting the government is going to benefit from it), but what they will not say is that all of this unclaimed revenue is going to appear as reduced spending on areas like health and education, which should not be for-profit, or as increased state debt passed on to a future government and ultimately the people to handle.
You forgot the judiciary they dont even report their income all their income 99 percent is cash. Very few advocates or lawyers judges report rest of them aee entitled they dont report their income but they will have two three haus and agriculture land. These guys are biggest crooks in bharath.
RajMahadik
TF Premier
Revoking taxes of adani group n sucking common man by various taxes 🤣🤣🤣
Might soviet union is better as they clearly say they are USSR n communist dictator...
Might soviet union is better as they clearly say they are USSR n communist dictator...
How do you find so much love for communist mate ?
Discussion should be on merit of question.
Pinpointing someone and laughing doesn't make you larger than life .
Critism/ discuss is for gov of India leving taxes regardless of party in power
certainly better to pay taxes and live in a prosperous country rather than get free stuff and live in a "sort of" bankrupt country.....
he has that red background of stupid comis in his dp...so he is infact a comi...plus he's preaching comi nonsense...
Don't make it political.
sidp
TF Ace
These organizations need to be fined much. they treat their employees horribly. To avoid tax & all legal requirements, they claim their employees are "partners "/"agents".
Why shouldn't there be gst on food & even delivery charges? Wasn't there tax earlier?
No wonder these organization are called unicorn. Cuz just like unicorn, their profitability is fictional. They just burn through investors money. Most of these tech start ups & more importantly the valuation nexus needs to be put behind bars. ( I personally know these people, they very well know what they are doing to screw Indian investors)
sidp
TF Ace
I haven't seen the video to know it's content. Buy it's not uncommon for member of same family supporting different political parties. This is a insurance scheme.
chit bhi meri pat bhi meri. Ghar mein kabhi sukha nahi padta. 🤣
sidp
TF Ace
People gets triggered when they see or hear the word gst. Most of these tax were always there. Some were lesser, some were higher than current rates. Some times they were hid under processing charge or cess.
Of course if you buy product or avail a service, youll pay tax.
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