Will the IT authorities maintain integrity if black money hoarders r caught? What if, they accept bribe and let go the hoarders? What ACTION WILL BE TAKEN AGAINST THE HOARDER AND AUTHORITIES? Govt. must clarify these points. Only then, there will be complete trust for this Govt.
With the new scheme announced by the government there will be no windfall to the government.
Assuming 50% of the black money hoarders have already laundered their money, or will do it before 31.12.2016, and the balance will pay 50% (or 60%) tax there is no question of the government appropriating black money and RBI writing off it's liabilities (which itself was a controversial issue).
Government will collect some additional tax, reduce fiscal deficit and spend the money (85% of which will go waste due to corruption).
Demonetization was a scheme to reduce corruption or to increase corruption?
Re: Re: No windfall for the government
by Maheysh Sharrma on Nov 28, 2016 05:21 PM
Nothing in this world is perfect. But one money is deposited in bank even in multiple names with different pan number even then the will come under income tax department. If the same amount is not generates in subsiquent year then the things become benami. An earning person nornally will earn higher in subsiquent years. If he is not then this bank account is under suspect.
Re: No windfall for the government
by mitesh on Nov 28, 2016 05:29 PM
Who will now trust this thug govt led by a thug/corrupt/cheater PM.RBI is not in a position to pay cash as per your white balance at present so who will trust for 4 yrs.By that time within 4 yrs if a person dies who will get that poor mans money??This is bakwas scheme.Daily new schemes are announced.So people will wait for the final scheme.
Re: No windfall for the government
by P S SHAH on Nov 28, 2016 07:19 PM
What about opinion of soscalled Taxation Expert and a self proclaimed very intelligent person with very high IQ than others that people can deposit unaccounted money in the bank and after paying Incometax @ 30% they need not pay any more tax ?
Why am I pused into such unsafe dark virtuality ? As a citizen of a free democratic nation as they say , why I am forced to have a Bank Account ? Why after having some GOLGAPPA ,I need to beg an elctronic bag-wallah to pay my money to the poor vendor without any fault or error and that to immediately or need to wait as long as it doesnt take place ....or some duplicate web-cheater is not cheating both of us by a fake web-site of fake app of same nature? why always I need a gadget to carry with me for all or any thing I do ?
why creating a virtual-layer on top of banks, same as again doing a virtual denationalization of the banking system as such ?
Why no reaction from Mr. Anna Hazare to the governments decision to demonitise Rs. 500/- and Rs 1,000/- and why no reaction to his old colleague Mr. Kejriwal's remarks.
Re: Demonitisation
by BS on Nov 28, 2016 05:14 PM
Please read newspapers and media. Anna has already welcomed the Govt's move. He has already denounced AK long ago.
I request honest patriots to please suffer all these rules in the name of national interest.
Even if you are an honest payee who made some valid deposits, the taxman may come knocking at your door. Since he will be looking for some under the table "you know", he may harass you with some incomprehensible rules. Then out of frustration you may have to grease the palms.
Re: Re: Suffer in National Interest
by P S SHAH on Nov 28, 2016 07:21 PM
Why some people worry even if they think they are taxation expert, very smart, extra intelligence and have very high IQ than others ?
