60% tax: to tax or not to tax that is the question

Saw some media reports that only 23% Jan Dhan accounts are still zero balance..think it would be better to tackle this on a case to case basis..
look into the past transaction trend of such accounts and find out the income..if such people are very poor like BPL then Govt should issue subsidy coupons like such people can use the amount in a certain way like invest in some Govt scheme for their future, use for subsidized LPG, or for buying basic provisions etc..Ensure that such poor ppl are not misused by the corrupt rich and the money transferred back into the corrupt accountholders..such poor BPL should not be taxed but the money should be used in a restrictive way..the people who are having normal savings bank a/c should be taxed 60% with 200% penalty..it pinches too much for the poor if the money received (agreed by unfair means) is then taken away or taxed..this will negatively impact BJP's voter share..the black money which has again entered the banking system should then be used, a certain %by seeing the avg balance in the now surplus Jan Dhan a/cs and put into the accounts of the remaining poor with Jan Dhan A/cs and they too should be allowed to use these funds for essentials..Govt needs to deal with this on a case to case basis..not a blanket tax rate for all..penalise the corrupt rich so that they think many times before converting white to black but may be prudent to adopt a softer approach towards Jan Dhan a/c holders..after all they have been used as a pawn by the corrupt..Govt needs to ensure that asap the Govt achieves 100% banked population more  

Tax 60% to get most of the black money out, the government also gets a huge amount to spend on useful projects to develop India in the true sense. However, after that do not just leave those crooks, keep track of them. Within one year go after the biggest 100,000 crooks. Also, when the nation needs money catch the medium crooks and get 100% out of them. It is stolen national wealth, sucked out of the common citizens and must be returned to the nation before Modi-ji's next term begins. Jai Hind! more  
Keep debating on the subject Hope this happens! Time can show the proper direction, With present tax rules more  
Plus huge amounts deposited in Jan Dhan a/cs in UP...what if corrupt Congress/SP/BSP have brainwashed innocent poor that see Congress/SP/BSP is putting this money into Jan Dhan A/c so vote the corrupt back to power and will spread lies against BJP that BJP is sending taxman after the poor and taking away the money from the poor with Jan Dhan A/cs..by charging 50% tax...this will cause huge political backlash for BJP then...pls deal with this on case to case basis.. more  
Headlines say... Big cash deposits made in scrapped 500 and 1000 rupee notes that are declared to the Income Tax authorities are likely to attract a 50 per cent tax and there will be a four year bar on withdrawing half of the remaining money. Majority of Black money is not untaxed money but blood money from criminal activities like drugs, prostitution & trafficking, smuggling, etc. So seems to me 50% of blood money is valid white money to be reinvested in terror, drugs, trafficking, etc. Looks like another mistake the like of exchanging scrapped notes over the counter for new that almost messed up demonetization. 1. It lead to huge chunks of black money to be converted to white. 2. Incredible queues in banks due to proxy exchangers more  
Recognizing the ills of Business with Currency even at queues, Exchange of Old Notes shall be through Account Opening as there is no other way to correctly carry the campaign. Real Citizen and Actual Account Holders were put to serious trouble during the last two weeks due to the business made with currency in Banks queues . more  
Post a Comment

Related Posts

    • Indian ACs failing miserably during heatwave

      I saw attached headline LocalCircles article in Economic Times on our survey on how ACs in Delhi NCR failed to work during heatwave.

      By Rajesh Suri
      /
    • Standards for rides and swings

      Yesterday an 11 year old died in Chandigarh because a toy train at a mall toppled. See attached. We see such rides in so many malls, melas etc. there is no certification or approvals. So...

      By Harsimran Kaur
      /
    • Upper Middle Class always at loss in India

      Ok Tell me what are we getting in return of paying 15-30% income Tax. 18% GST on every business Billing. Taxes on each and everything from a small Food packet to Car. Purchasing Vehi...

      By Sudesh Rai
      /
    • Need standards for security in religious places

      I've been to the Golden Temple twice. However, during the second visit, a security guard hit my cousin with his stick because her dupatta was falling a bit. She was in terrible pain. He could have ...

      By Radha Kadam
      /
    • heatwave and agriculture impact

      Agriculture cannot survive at 48C + air temperatures and ongoing severe droughts for very long. The bread baskets of India have been hitting these temps for nearly 40 days straight. There is no civ...

      By Vijaya Nair
      /
    • Rising prices of vegetables

      Excellent report LC Manager in News papers today https://www.localcircles.com/a/press/page/veg...

      By Ajay Dutta
      /
    • Prevalence of financial frauds

      Several news papers in Mumbai yesterday carried this LocalCircles survey on financial fraud. https:...

      By Shailesh Deshmukh
      /
    • National Testing agency needs re-engineering

      Everyone please watch the attached video which has been in the doc for cheating in doc. The attached explains how this agency is very very broken and has loopholes for cheating. It...

      By Seema Belkur
      /
    • New Government (Ministers and MPs)

      Benefits for Member of Parliaments (MPs) • Base Pay : ₹1 Lakh / Month • Office Allowance ; ₹60,000 / Month • Phone Allowance: ₹1.5 Lakh / Year • ...

      By Vibhor Chhabra
      /
    • Milk price hike survey

      The LocalCircles milk price hike survey is super accurate when it says people are getting squeezed with increases in milk prices. My maid in Mumbai has cut her monthly quantities in hal...

      By Sobhita D
      /
    • Amul protein products a health hazard

      Amul has launched a new range of protein products. See attached their protein lassi. My cousin found some black substance coming out of it. On cutting the tetrapack in half, we found sma...

      By Shailesh Deshmukh
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)