what should be done to increase the revenue from tax?
what should be done to increase the revenue from tax?
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@Sigma999 @guest_999 @desiman
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Just wrote an article on Options. Lol. What a coincidence
Ye sb lockdown ka natija hai
I would reframe it to either
1. Lockdown without consultation
2. Full lockdown when cases where mere in thousands
3. No pro-active testing/taking benefits of lockfdown
Why I am saying this?
Because with the increase corona cases, I think we need a nationwide mini-lockdown (with proper consulation, I am not an expert here)
Also,
1. Poor Implementation of GST
2. Demonetisation was also the cause
Increase taxes on ultra rich, the top 1% of 1%,
First fix the loop holes being used to avoid tax.
The biggest violators are the member class.. What you are asking is how to fleece the working class even further than now since prices have increased to the point where people are looking to close everything down and live as they were before..
How come you did not ask about removing special privileges on the VIP\s? Because you are one of the millions in this class where they close the roads and have idiots salute as you pass by? If they want a class less society how come there is a class here? I bet the worst violators in corruption and prevention of proper tax collection belong to this class..
Taxes are supposedly a profitable business.. trying to tax more people who dont make much is not the way to be profitable.. The number of people involved in collecting taxes are huge.. So if they have 1 person to collect from 100, that expense should be covered by the collection from the 100.. I dont think someone collecting a 7th pay scale salary is able to do that even now.. Hence trying to collect money from foreign companies and end up looking like fools in foreign courts..
Farming income above 10-15 lakhs should be taxable
corparate tax is reduced from 30% to 25% why?
while highest slab for individuals is 30% + cess n stuff.
abolish income tax and increase gst/indirect taxes if need be (excluding basic commodities)
income tax should be abolished…it is high time…
govt should add/increase tax for other items to mitigate this
Decrease the salary of MPs MLAs Pm president to
10,000, This amount is sufficient for them to live a life
Sell every government entity, Govt should immediately abolish govt jobs and convert all government jobs to private jobs after making private you can get the same work done at only 20% of actual amount paid as salary , At toll plazas Mps Mlas should be charged double
Corporate tax should be increased to 35%
Everything is kind of acceptable except corporate tax, if India’s tax rate is highest among all emerging economies in Asia then forget about pvt sector growth.
Hike price of petrol and diesel
Corparates, Rich people are Party fund donors. Present Godi ji govt will take every step to increase tax on poor, middle class and also every step to benefit their party fund donors. If congress did in on 1X scale, bjp is doing on 10x scale
Govt should start Body Organ selling business. Capture the poor and middle class, take out their organs before they die of hunger and sell them MOST PREFERABLY THROUGH THEIR 02 GUJJU MIDDLE MEN, so they also become richest in whole universe not this Earth alone. 😁😁😁😜😁
Aand Bhakts will say , Godi ji ne kiya hoga to Achchha hi kiya hoga. He is giving them Moksha because Godi ji is incarnation of Vishnu Bhagwan.
Ghotalebazz Moti👹 buddha will like this idea
This thread should directly be forwarded to the “you know who” guys for better results/ implementation. More ideas (to screw) you know..
Is it Nirmala Sitharaman’s DD account? Cool name in that case.
Fixing loopholes, to bring more people under tax, stop disinvestment of profit making companies.. Mtlb hum apna portfolio expand/ diverse krte hai jaha goi relying on single source, and regular checks on MPs and MlAs wealth ki yeh 20-30% return kaha se la rhe hai
of a total population of 130 crore people, only 1.5 crore pay income tax. many rich people are evading tax as they deal only in cash in their un-registered business.
https://www.google.com/search?client=opera&q=ho...
https://twitter.com/incometaxindia/status/12278...
More than 10 lakh rupee cars sale is 4 times than persons who declare more than 10 lakh income in IT returns.
How is it possible?
By stopping the Corruption maybe?
Previous year Tax collection was 16lakh Cr.
24.2 lakh crore gross tax collections was budgeted in the current financial year.
If all of this money is spent correctly you won’t need extra tax.
No matter how much tax the govt sucks from us. Until the corruption is there. We will get nothing.
A recent case of last week- In my city DM approved 5cr construction work for bus stops so people will stand 5 feet apart.
A blind man can see that installing iron railing in bus stops doesn’t cost 5cr and neither it will stop people from taking bus.
DM would have got 1cr here, all other officers 1cr, Some amount to Babus(clerks) at last contractor received 2CR out of which he took 75% profit.
So here goes my hard earned tax money distributed to all these people pockets. Bless my country
Aap bhagwan ho, make a proper report on this with all costing and send it to all higher ups including PM….. Send anonymous letters….. Try something…..
who will give money to poor people all these modi schemes were given by govt banks not even a single private bank gave shit and private banks have various terms like min awb poor people money will become 0 , you are not only person living in india most of the population is poor and ultra poor unka kya
or pehle toh evm hatayo , dimag krb kr rakha hai evm ne,jb tk evm hai tb tk modi hai
Gareeb Aaadmi : Gas itni mahangi ho Gayee is Government mein 😭
Andh bhakt : whaan siyachin mein humare jawan mar rahe hain
Gareeb Aaadmi :
Andh Bhakt: Hum government Ko support karne ke liye abb to 2 gas cylinder Lena Suru Kiya hai. Ek Kitchen me cooking ke liye.
Aur dusra Desh drohi, Urban Naxal, Liptard, JNU etc logo ki gand jalane k liye.
⛽ ⛽
#Double Engine Sarkar
Gareeb: Ab to pet ke gas Ko bhi cylinder mein Bharna parega.
yes only 1.5 crore pay income tax but saying just this doesn’t give the entire picture because everybody pays tax in the form of various different taxes like GST,Excise,customs,cess,VAT,etc. Also income tax contributes only around 25% of the revenue of the government , GST contributes around 28%,Corporate tax 25%,Excise 15%, customs 6%.Also taxes like GST, excise on the products affects the people at the low income range more than those at the upper end.
Also you need to consider the poverty level in India.
According to Oxfam, India’s top 1% of the population now holds 73% of the wealth, while 670 million citizens, comprise the country’s poorest half.
..
Looks like selling everything is a better option