Shame that RSS,VHP leaders have NOT bothered to invite Dr Swamy to be Part of the Core RSS and BJP team Now. PC, Pranaba,PM Singh&Sonia&Raul are ALL Part of the Looting Dacoit Gang!Crooked westerners&Agents are continuing to LOOT Trillions of Dollars from hindus and indians for the past 2000 years USING all Sorts of Dirty TRicks&ALL 100 crore hindus and Patriots, as usual ARE IN DEEP Sleep, What a Shame! Sadly Westerners Consider Hindus and Indians as SLAVES&Untouchables ONLY.More than Lok Pal Bill WE MUST Fight to Get back all trillions of Looted Dollars from swiss banks Immediately.When a person loots the bank and deposits the money with some one known to him or looter, will NOT the Police and authorities Arrest the Person too, along with the dacoit, who keeps the LOOT with him also? Surely the ANSWER is Yes, Then why all nations in United Nations are NOT passing a resolution to Get all the Money from swiss banks and why swtizerland is NOT declared as a World Dacoit &Looter??? Since USA and european nations are supporting Switzerland for the past 100-200 years and More,are USA&Europe NOT colluding the Loot of Third &Worth World Wealth as they have been Doing for the Past 2000 Years. WE NEED an Anna Hazare NOT ONLY in India but in all nations to punish the International dacoit nation Switzerland and colluding Westerners.Shame morronic&ennuch&sleeping Hindus&Patriots?!
My concern is ..are we, Indians, getting the return for the taxes we pay? Government has already said that only 10% of what they spent reach the public. So what we need is more transparency and accountability of tyhe money spent by the government. We deserve real value for our money which we pay as taxes. Just sit and calculate the amount of money state and central government take from us by way of IT, ST,Excise, octroi and what have we not!And it will take ages to repair a damaged road or a better railway station.
Re: My concern..
by Ting Ting on Oct 07, 2011 10:35 AM
All White skinned foreigners consider Hindus&Indians as Slaves&Untouchables ONLY.Like the British looters,the illiterate italian lady, sonia maino is fooling and ruling looting 100 crore majority hindus using vaatican& jehadi agents& slaves&robots. IN FACT THIS IS WORSE THAN BRITISH COLONIAL RULE AND THE 100 CRORE MORRONIC AND E NNUCH&COARDS HINDUS ARE IN DEEP SLEEP TOO. How many hindus have tried even to get a visit visa to america,canarad or european nations,australia and new zealnd,etc???All White skinned foreigners consider Hindus and Indians as Slaves&Untouchables ONLY.How many hindus have tried even to get a visit visa to america,canarad or european nations,australia and new zealnd,etc??? Though we give easy entry permit and long duration visas for all white skinned people, these white nations will DENY even enetry permit for 99 percent hindus, not to mention denial of work visas,residency, citizenship, etc. Westreners are INTERESTED ONLY in selling their junk and useless products to slave indians and to make MONEY and to GET RICH and TO make us indians POOR forever ONLY. WE Must Ban entry of all western products NOW and TAX these products 50 percent or 100 percent of the value, including the cars and automobiles and the tax collected MUST BE USED to remove poverty and misery of 500 million hindus who do not get even ONE Meal a day, what a shame that 100 crore hindus are still in deep sleep and continue to be looted for the past 2000 years
What is the author and many people saying here ? Do people know as to what are the maximum tax slabs in other developed countries?? In fact the cut off point is quite high in India. In USA; CANADA; BRITAIN; the minimum no tax slab is $10,000 = approx INR 4.5 lacs. Max tax slabs go well beyond 45%. On one hand; we want India to deveop and on other hand you want taxes to be < 30% ?how else do you want India to get the source of funds for development ? Even if for arguments sake; you reduce the taxes to 25%; people will ask for below 20% as there is no limit to this reduction request. Again the taxes are on slab basis. Thus if someone makes around 25 lacs annual income; they pay only around 22% effective tax rate because the 30% tax is only above the 10 lacs income with no tax on initial income of 5 lacs and it is shocking to me that people are still complaining ? I left India 10 years ago and in canada; I find not all but a few Indian or desi origin people not paying taxes by doing cash business and not declaring because that is how they are mentally tuned of avoiding taxes despite enjoying such excellent facilities. here I find some desi people(not all) driving 3 mercedes in the family but paying minimum taxes because that is their mind set. There is no solution to that mind set whatever you do and reducing taxes is no solution or way of getting more taxes. This whole article is bull shit as if a person earning 25 lacs does not want to pay 4.5 lacs tax/year; God sav
Re: Bull Shit Article- Reduce max tax slab below 30 % ??????
by UmaShanker Batta on Mar 08, 2011 04:25 AM
Hi Uday,
The tax slabs is for every one. If every one is paying the taxes with the slabs mentioned that is enough to make India a developed nation. But the pathetic thing is Indians are having the highest black money being burried in european banks
Re: Re: Bull Shit Article- Reduce max tax slab below 30 % ??????
by Indian on Mar 08, 2011 04:31 AM
I have a question to Udai..has he never requested his CA/CPA to save him some taxes by faking some expenditure??? Has he always been a gentleman paying all the required taxes???
Re: Re: Bull Shit Article- Reduce max tax slab below 30 % ??????
by Indian on Mar 08, 2011 04:31 AM
I have a question to Udai..has he never requested his CA/CPA to save him some taxes by faking some expenditure??? Has he always been a gentleman paying all the required taxes???
Re: Bull Shit Article- Reduce max tax slab below 30 % ??????
by Pramod Chauhan on Mar 08, 2011 04:53 AM
If all of us just pay our taxes, let it be 10%, we will richer that any other nation in the world, period.
Re: Bull Shit Article- Reduce max tax slab below 30 % ??????
by Ting Ting on Oct 07, 2011 10:28 AM
Excellent comment,uday,How many hindus and indians know that mohandas aka mahatma gandhee was made and spsonsored and packaged by british looters with the dirty trick of non-violence so that hindus will be brain-washed and made morrons&ennuchs forever so that they can loot trillions and trillions of dollars without getting HURT or KILLED and the crooked nehru dynasty is nejoying the loot like british looters&colonozers now! Remember westerners have been praising greatness of mahatma ganhdee and non-violence for past 150 years, BUT they HAVE NOT USED Non-violence or mahatma gandhee name to Solve EVEN ONE of their problems for past 2000 years! Crooked british double agent mohandas aka mahatma gdndhee and his disciple jawaharlal nehru have created ll the mess and ills of our country including the minortiy appeasement and minority jehadi and vatican terrorism and all our economic ills and poverty too and shame that 100 crore hindus still consdier mahatma gandhee and nehru as great freedom fighters,etc. Crookedness and looting and fraud is in blood of all congressmen and NOT just diggys singh or sonia or others!When a reporter asked John F Kennedy the great USA president, about Jawaharlal Nehru, Kennedy is Reoprted to have remarks," I do not know much about Nehru, But what I have heard is he has only time to run after Mrs Elena Mountbatten and for nothing else"This shows how much great was Nehru&why british were able to loot for many decades even after so ma
Re: tax haven..
by Ting Ting on Oct 07, 2011 10:30 AM
Good One,arajaftwog,ALL hindus&patriotic Indians MUST see greatest film ever made by great Satyajit Ray ,on Bengal Famine, to see the unknown dark& nasty faces of our great freedom fighters mahatma gandhee&Nehru& others! !During the second world war, the british looters& colonizers packed&sent millions of tonnes of food stuffs to England starving millions of hindus to death&the great film(ashaani sanket or distant thunder) by Satyajit foucsses on this himalayan tragedy or holocaust! What is more the great non-violent saint or great freedom fighter mahatma gandhee kept quiet all along when millions of hindus were being starved to death&it was this very same mahatma gandhee who asked all hindus&indians to support england in world war&this resulted in death of thousands&thousands of hindus,Sikhs,etc in war too.After seeing the great film&after seeing india's pitiable state now as a slavish nation begging for help from western& british looters preventing indian slaves even to visit that country& preventing them even entering UK&Europe&USA,etc all Hindus will be forced now to weep now&for decades together too!What a shame, Majority Hindus&Patriotic Indians that you consider the fake freedom fighters&double agents as mahatma&Nehru as great freedom fighters&father of nation,etc,Shame,Hindus,Shame
Re: tax haven..
by Ting Ting on Oct 07, 2011 10:30 AM
Good One,arajaftwog,ALL hindus&patriotic Indians MUST see greatest film ever made by great Satyajit Ray ,on Bengal Famine, to see the unknown dark& nasty faces of our great freedom fighters mahatma gandhee&Nehru& others! !During the second world war, the british looters& colonizers packed&sent millions of tonnes of food stuffs to England starving millions of hindus to death&the great film(ashaani sanket or distant thunder) by Satyajit foucsses on this himalayan tragedy or holocaust! What is more the great non-violent saint or great freedom fighter mahatma gandhee kept quiet all along when millions of hindus were being starved to death&it was this very same mahatma gandhee who asked all hindus&indians to support england in world war&this resulted in death of thousands&thousands of hindus,Sikhs,etc in war too.After seeing the great film&after seeing india's pitiable state now as a slavish nation begging for help from western& british looters preventing indian slaves even to visit that country& preventing them even entering UK&Europe&USA,etc all Hindus will be forced now to weep now&for decades together too!What a shame, Majority Hindus&Patriotic Indians that you consider the fake freedom fighters&double agents as mahatma&Nehru as great freedom fighters&father of nation,etc,Shame,Hindus,Shame
1. i have to pay for hardworking and earning (income-tax) 2. i have to pay for spending my hard earned money (sales tax, property tax etc)
and after paying so much i dont get a decent living bcos 1 my money is looted by politicians 2 my money is used to give the lazy indians who dont work with free tv, medicine, subsidized food, electricity etc.
Re: ridiculous
by jibraaiyl@rediffmail.com on Mar 10, 2011 10:44 AM
Tell me where in this world has this not occurred in any country including developed countries.But this not to say it should be like this,honesty and efficiently using resources for the poorest of poor will help(advice is the easiest and implementation the hardest,and what i say is nothing new and can help)
Re: ridiculous
by Ting Ting on Oct 07, 2011 10:31 AM
Good One,prabhu,How many hindus and patriots Know that the great non-violent saint or great freedom fighter mahatma gandhee kept quiet all along when millions of hindus were being starved to death&it was this very same mahatma gandhee who asked all hindus&indians to support england in world war&this resulted in death of thousands&thousands of hindus,Sikhs,etc in war too.After seeing the great film&after seeing india's pitiable state now as a slavish nation begging for help from western& british looters preventing indian slaves even to visit that country& preventing them even entering UK&Europe&USA,etc all Hindus will be forced now to weep now&for decades together too!What a shame, Majority Hindus&Patriotic Indians that you consider the fake freedom fighters&double agents as mahatma&Nehru as great freedom fighters&father of nation,etcDo NOT forget too that great mahatma went on fast to pay 100 crore rupees in 1947 to pakistan equivalent to 100 trillions dollars now as compensation and when a muslim is killed in a traffic sccident fgreat mahtama will go on protest fast and when hundreds of hindus are killed by jehadi wolves the great mahatama WIIl KEEp QUIET as if nothing happened, Such was our great mahatma gandhee,,Shame,85 crore Morrronic,ennuch&brain-washed Hindus!!!
Re: Re: And
by Ting Ting on Oct 07, 2011 10:32 AM
. OUR ROTTEN ELECTORAL AND VOTING SYSTEM AND FARCIAL DEMOCRACY ARE THE REASONS FOR ALL CORRUPTION&ALL ILLS OF OUR SOCIETY. Let Looters&dacoits&agents&Slaves& dogs of sonia maino&nehru dynasty BARk, But Caravan MUST GO On. Anna&team&RSS,VHP,BJP&ALL Patriots Must Campaign NOW for the following Electoral&Voitng Reforms&FOR IMMEDIATE IMPLEMENTATION OF UNIFORM CIVIL CODE MAKING ALL INDIANS EQUAL&ABOLISHING THE MAJORITY-MINORITY DIFFERENCE&ABOLISHING THE MINORITY PPEASEMENT&VOTE-BANK DIRTY POLITICS TOO.1) Voting must be limited to Only those with a minimum education qualification 2) Voting Must be made Compulsory& those without Voting, without special health or other reason must be fined or jailed 3) Term of Assembly Must be ONLY for 3 years&NO candicate must be allowed to compete in elections for more than 2 Terms 4) Presidential system msut be introduced immediately like in USA and national president must be elected by national election as in USA 5) if a candidate does NOT get more than 50 percent of votes polled, that election must be cancelled &another election held to elect the leader6) Electronic Voting machines Must be Banned so that crooks do not win election,rigging or hacking the voting machines& Paper balloting&Manual Counting of Votes Must be Re-introduced immediately.Hope RSS,VHP&BJP Cadres &ALL Patriots FIGHT TO Clean the corrupt election&voting system& clean our Public life F
More than 60 years of Independence... More than 10 Finance Ministers.... more than 60 Budgets.... Not a single FinMin had the guts to reduce Income Tax to below 30 % levels...even Presently The government on some pretext or the other keeps levying 'SURCHARGE' on the Income Tax !!!!...and you dream they will reduce the Tax???....DTC (or U.P Roadways!!!) or no DTC...The government can just LOOT...nothing else...and go back on its own promises...as in the VAT...The promised total elimination of CST....is yet awaited..!!!!! There is a saying "The left hand knows not what the right hand is doing'! But in our country and its Governments irrespective of Parties.. The fingers of the same hand play different tunes!!!!!LED T.Vs cheaper....Cloth Costlier(Pranab Da)....Dog Biscuits cheaper...Human biscuits and chocolates costlier(PC)!!!!! Total Tax content on PETROL is Rs.30.00 per Litre....while even at todays NymexCrude prices it costs roughly Rs.36 -38 per litre (To The Oil Co. - which has to sell it at Rs35.00 per ltr approx inclusive of freight!!!!))
Make India a tax haven,then nobody will go to deposit in Mauritius,Switzerland,Cooks Island or any other country.
Those countries are playing with others money whereas India is allowing its money to go out ! So,why not make India a safe tax haven so that apart from India people from all around the world will put their money in Indian banks ? Won't it help in meeting all constraints and developing the country fast?
If there is problem in converting the whole country into a haven,then why not declare some zones like Kashmir,Goa,Sikkim or Nagaland as a tax haven?
What it matters is money.In such a scenario there won't be any need to harass poor employees for tax,when the country will have surplus cash.
Will it not be better to keep your own people happy and use foreign money in developing your country like how the swiss people do ?
Assume If 100 rs note moves atleast in ten hand in month it generates 100x10=1000 rs in a year it will generates 12x10x100=12000 rs in this way 100 Bilion will became 12000 billion in a year 200 billion USD will became 24000Billion = 24 trilion USD
There are 9 lack crores rs(200 Billions USD) note in circulation in India
From above Calculation Our Indian GDP is around 24 Trilion USD but our govt says it is 1430 Billion Usd =1.430 trillion USD
if we put this fact than our nation will became world largest economy in the world
No 1 USA GDP is around 14.6 Trillion No 2 China GDP is 5.8 Trillion No 3 Japan GDP is 5.4 Trillion all countries will be left behind
In Past,Present, Future we are the world largest economy but because of our poltician we are told that we are poor nation and forced to accept this that is why these poltician were able to moove 1500 billion in Swiss accounts
Re: we are no one economy of the world
by Ravi on Mar 08, 2011 01:10 AM
The basis of calculation is absolutely wrong. A wrong accountant can bring the prosperous company to bankruptcy. And can make a loss making entity a covered up prosperous company which in turn creates vaccum within. The assumption that a 100 rupee note gets exchanged 10 times in a month is questionable. Number two, not all exchanges are through cash. Transactions at retail level where there is no huge amount involved is mostly cash. But the major chunk of transactions happens at wholesale level between businesses. so just forget about this calculation.
The best way is to segregate all bank transactions into operating cash flow, financing cash flow and investment cash flows. Out of these just consider Operating cash flows. Then take into account all the physical cash, present in the whole economy. Thats a tricky task. Expectations can go wild. Anyone who tends to prove a point can play around with these numbers. I stop at this point because i dont want to assume any number. Lets take what Mr Rajeev gives and compare with RBI'snumber. Lets average it out by even addign baba ramdev's fantasy numbers too. Inteersting :). And assuming that cash turnover ratio to be two or three, we can reasonably come to a exact number on GDP. The absolute number would be quantifying the gross national product, but we all know its not correct. To come to almost accurate figures lets wait for few years while we achieve low tax rates and less cash transactions.
Re: Re: we are no one economy of the world
by jibraaiyl@rediffmail.com on Mar 10, 2011 10:50 AM
Yes,the Accountant values Land,Buildings at nominal rates below govt value,which is far lesser than market value.Cash payments are made actually but written nominally when compared to actual.Black money is playing the dance of death with the economy and the poor people of India which the RICH and powerful politicians ,bureaucrats extort.
Re: Re: we are no one economy of the world
by alok Misra on Mar 07, 2011 03:39 PM
He is not very much wrong.My own estimate isthat India has three ties the recoded economyQuestion is How? Well it is the black money that is in circulation.His figure of no of notes in circulation is not correct.Because there re transfers of property on benami names in which no transaction takes place.Also if stocksare kep in large quantities and not shown anywhere this is not really cash perse!People holding large properties could transact them without cash.Then the holdings in Gold. Black money is hardly ever kept in the from of notes unless the fellow is a novice.That is why it is so difficult to catch!Part of this money is probably going out regularly.So in reality if not the biggest it is definetly not smaller than China.This fact is known to the world and that is why they are so keen on investing here or rather not so keen after all.Becuse they know that the day this money tart coming out - and it will come out whatever they are thinking of investing here will be a very small part of this money!
