Tax fraud and Evasions in India are only because of "Inspector Regime" It is the Government Inspectors who have power and authorities sponsored by Government, are encourages tax payers for Tax frauds and Evasions. These Government Inspectors are getting their commissions(bribes) out of Tax fraud and Tax Evasions so they protect and encourages all tax payers to make money out of Tax frauds and Tax Evasions! more
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What is for the benefit of the poor? 30% Income Tax, 27% GST or tax evasion? or creation of black money through tax evasion? more
Aug 10
These are only at the interest of those above 55% POOR LIVING IN POVERTY STILL EVEN AFTER 6 DECADES OF PATRONIZING THE SUPPORTED BUSINESS MONARCHS. more
Aug 10
With Income Tax at 30% and proposed GST at 27% any businessman/industrialist will be prompted to evade tax. more
Aug 10
Following are also being encouraged . 1. Absence of frequent vigilance estimations / checks/ rarely periodical inspections/ raids . 2. Wealth estimations and raids . 3. Fast movement of goods keeping minimum stocks at distributors ; wholesalers and retailers do not give way for assessing the business volume to apply taxing. 4. Application of number of Bank accounts and also in various Banks do not also count for volume of business besides the abundant Currency. 5. There is none to assess or inspect or even notify the volume of purchase payments which also keeping the Taxable Turnover concealed . 6. Non audited businesses have multiple sale of goods at one invoice & one way bill and there is none to control or assess Tax. 7. The business houses , industries though have compulsory Audit , the non comprehensive and quantitative audit at the counter check of Purchase value & sale values ; actuals of yield do also leaving chances for movement of un-billed goods besides bulk cash transactions at Banks for the factitious Bills accounted. more
Aug 10
