HOPE from BUDGET 2017.
HOPE from BUDGET 2017.
No Income Tax paperwork,
Only 1℅ Transaction Tax on all Receipt.
Still collect more Tax &
Black Money Problem solved.
Root cause of Black money is British Raj complex Tax Rules to Rule then,
continued till today.
As say Hundred Rupee Note Changes hand 100 Times in One year!
So 1℅ Transaction Tax may yield = GDP?
For Cash Received, pay 1% Tax, like Post paid Mobile.
Pay INR 10- for every 1,000- Received, on daily basis.
Payable weekly.
So cash Transactions will also be Traceable too!
Mobile number for Bank, Gold, Real Estate, Equity, Each & all amount Paid/ Received.
Mobile number be connected to Bank a/c, ADHAR, PAN...
1℅ means more collection for Development without Tax Terrorism, Corruption. more
No Income Tax paperwork,
Only 1℅ Transaction Tax on all Receipt.
Still collect more Tax &
Black Money Problem solved.
Root cause of Black money is British Raj complex Tax Rules to Rule then,
continued till today.
As say Hundred Rupee Note Changes hand 100 Times in One year!
So 1℅ Transaction Tax may yield = GDP?
For Cash Received, pay 1% Tax, like Post paid Mobile.
Pay INR 10- for every 1,000- Received, on daily basis.
Payable weekly.
So cash Transactions will also be Traceable too!
Mobile number for Bank, Gold, Real Estate, Equity, Each & all amount Paid/ Received.
Mobile number be connected to Bank a/c, ADHAR, PAN...
1℅ means more collection for Development without Tax Terrorism, Corruption. more
Viewed by 94
Would be historic decision to scrap Income tax use this work force to detect illegitimate money transactions and collect tax at source with Transaction tax. more
Jan 21
