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Legit questions by a tax payer, but our Nirmala Tai has no reply
- Thread starter jetesh
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1) 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 🙂)
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 🙂)
Sabse badhiya apun ki zindagi chal rahi, cash me khelo, koi dikkat nahi hogi🤡
Oversmartness shown here…
these are the same type of ppl who would happily spend thousands for a movie ticket+popcorn+Pepsi+other snacks...and they crib when rickshaw fares increase by 2-3 rs....don't forget they have their own cars/bikes...so they're probably not gonna use rickshaw for more than once or twice a month...stock market is gambling spl fno..so that should be taxed..but cash market I personally think that STT should be reduced to half...since those who treat their capital gains as capital gains only they pay income tax on the STT as well...
Vishal4u2
TF Select
The question is not answerable. What would an ideal answer be ?
He is just telling a fact, there is nothing much which can be done.
For example: Scene: There is a red apple on table.
If someone asks, Green apples have lot of benefits then red, so we should promote green apple farming etc, what will someone say for that !
He is just telling a fact, there is nothing much which can be done.
For example: Scene: There is a red apple on table.
If someone asks, Green apples have lot of benefits then red, so we should promote green apple farming etc, what will someone say for that !
There needs to a balance. Its true govt also needs tax to run the country but fault is on both sides.
The guy asking questions isn't so innocent himself. He is saying he pays all the taxes. Then how does it affects him if he pays by cheque. It is not advisable to buy house with cash. Neft/cheque is a proof of payment. This can be blocked in destination account if there is some fraud or other issues.
But this is also true that in india tax is much higher than what citizens get back due to many reasons mostly political & corruption. It might be true current govt is less corrupt than previous one, but they are no saint themselves. They wouldn't touch anything that will help the nation at the cost of their economic & political gains.
It is to an extent when you understand the high rate of taxes in many ways is to compensate for tax dodgers, this also includes the big billionaires & corporate houses but let's stick to the smaller fish for a sec. Your nearby kirana wala deals almost exclusively in case, or UPI, I doubt he reports his sales or earnings (i.e. profit) honestly & I know for a fact that he doesn't give me an invoice.
Then you see those thousands of small traders or craftsmen doing similar stuff, again let's leave the bigger tax dodgers like Doctors aside. So when at least half of the pop has no interest in reporting or paying taxes honestly then to cover govt spending taxes will have to naturally rise. This affects those disproportionately who are "honest" tax payers especially the salaried class. But even there you don't report every "income" all the time. Lastly the biggest issues IMO are leakages through corruption, bribery etc. Till we have a civil or criminal justice system that fines the corrupt into actual bankruptcy or gets them jail time the money will continue to accumulate at the very top, at an even faster rate. It's just a hope but maybe things will change in our lifetimes!
They are not, at least I haven't seen any real difference on the ground these days.
The main difference between the current government and the previous government is that the current government is actually working on the ground, not just on paper.
imo it'd be naive to think she has no reply... She'd probably have 3 replies to that question (because she actually has all the data), but she chose not answer and dodge it diplomatically while leaving entire audience in laughter.
All these charges are there for quite some time now, and its not like gst suddenly got levied when there was nothing before it. VAT was there already. Similarly brokerage, stt, etc were also there. Nobody forced the broker to enter trading at gunpoint. He chose this as his business knowing very well all the charges, and I don't think anything new has been added recently that would make overall charges change by more than 5%.
But, can those charges be reduced, ofcourse.
Can there be some alternative pricing model which can be introduced, sure, like waiving stt or Exchange txn charge in case trade results in a loss, maybe...
But such generic questions like 'what you have to say when you're breaking our backs' by charging humongous 47rs on 10k profit, is just pointless.
HumorSimpson
TF Prestige
GST on healthcare is new. Isn't it?
Pay tex to even have a chance to live healthily
That's BS, the last govt also did something. Those multi 8% plus years of GDP growth didn't come out of thin air, although the pace of infrastructure growth has increased over the decades - it's a gradual process.
That's not really a question - that's just a statement. You really can't answer it.
1. Tax is a form of revenue for government, you can either crib about it or not depends on you. Taxation is going to continue, whether nirmala remains in power or not.
2. Buying in White question was so obviously dumb, I would have been much harsher than our FM.
1. Tax is a form of revenue for government, you can either crib about it or not depends on you. Taxation is going to continue, whether nirmala remains in power or not.
2. Buying in White question was so obviously dumb, I would have been much harsher than our FM.
not really, we used to have something called CST before that. old wine in new bottle 😀
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