![]() | #2326 | |||
BHPian Join Date: Jan 2015 Location: Nomad..Durgapur
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![]() | #2327 | |
Senior - BHPian Join Date: Jul 2009 Location: Pune
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The other reason I hate to pay taxes because it is so difficult to do so, where it comes to all indirect taxes. Unless this situation changes, I will be always motivated to cheat on my taxes in every way that is available to me. Demonetisation, Digitisation, bring on any tool - I will find a way around these to not pay my taxes to the extent that my ingenuity lets me get away with this, and this is the root cause for the black money situation that no one is either able to, or has the courage to address. Dishonest government and its dishonest bureaucrats preaching honesty to me is not acceptable, and I am not in a minority of people that think this way. This is a story that is decades since independence in the making of it, and there has been nothing done about it by any government in power till now. | |
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![]() | #2328 | |
Distinguished - BHPian ![]() ![]() | ![]() Quote:
Well said, and I totally echo that sentiment! OT, but recently I accompanied my dad to the ration office since the wanted to link ration cards with Aadhaar numbers. When I was there, I saw the various people coming to actually collect the allocated rations, and I felt extremely happy about the taxes I paid, seeing how it was being used to benefit fellow citizens. (Granted, I hate the hundreds of times I've heard of graft or misuse of funds, but occasions like this experience are very uplifting). Last edited by arunphilip : 23rd February 2017 at 17:03. | |
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![]() | #2329 | |
Senior - BHPian Join Date: Dec 2008 Location: Bangalore
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There also would be calculations based on the price government pays for procuring agricultural produce; the increase in this might completely offset any tax revenue from agricultural income. | |
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![]() | #2330 | |
Senior - BHPian Join Date: Dec 2006 Location: Bangalore
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![]() | #2331 | |
Senior - BHPian Join Date: Dec 2008 Location: Bangalore
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Also see: https://www.boundless.com/economics/...put-190-12288/ Foodgrains are elastic in supply but inelastic in demand. Therefore the entire burden of any tax will be borne by the consumer. | |
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![]() | #2332 |
Senior - BHPian ![]() Join Date: Feb 2005 Location: Melbourne
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| ![]() Simple question guys, what did we gain out of this exercise? The ATM's are dispensing fake notes. What has it come to? |
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![]() | #2333 | ||
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![]() | #2334 | ||
Senior - BHPian ![]() Join Date: Dec 2007 Location: Gurugram
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One reason Agri income is not taxed is that many (in not most) of our netas are in the sector. Last edited by sgiitk : 24th February 2017 at 10:09. | ||
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![]() | #2335 | |
Senior - BHPian Join Date: Jul 2009 Location: Pune
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Your last sentence quoted raises an interesting question: is not paying the taxes due by businessmen/self employed people objectionable to you just because as a salaried individual you don't have access to tax evasion? It seems to me that this is the case with a large majority of Indians who "honestly" pay their taxes. There is nothing honest about paying taxes when tax is deducted at source, it is just helplessness. And even here, the practice of doing what ever is still possible by way of bogus rent receipts or leave travel bills or whatever little else that is permissible as a deduction before TDS is imposed, is not rare at all. People keep pointing out to how small the direct tax base is in India and that many Indians aren't paying income tax even when due. I am merely pointing out that this isn't because as a people Indians are less honest genetically than people from countries that pay their taxes honestly - I think more highly of Indians than to tar them with that brush. No one in the world likes paying their taxes, but for Indians it feels more of an imposition because there is much more stealing away of the taxes that they pay. And this is visible stealing because corruption/inefficiency is visibly rampant. It is a lot easier for a government/bureaucrats to declare war on its own citizens than to clean up their own act, is the conclusion one draws these days. Last edited by Sawyer : 24th February 2017 at 10:39. | |
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![]() | #2336 |
Senior - BHPian ![]() Join Date: Nov 2011 Location: Bangalore
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| ![]() This thread was mostly driven by the common tendency to feel good about the misfortunes of others, mostly ones richer than the poster. That's how we are discussing agricultural income tax which has nothing to do with demonetization. This tax existed in Kerala and it was replaced specifically because it cost the government more than the collection to run the bureaucracy, it was replaced by the compound tax. People who have no clue about agriculture should refrain from suggesting things that no government will implement. Developed countries sustain their agriculture through massive subsidies, here we have suicides and bankruptcies and arm chair policy providers here want to kill off whatever is left. Income tax on farming income if it is applied, should be like taxes applied to business, inputs and depreciation have to be factored in at current prices. A large farmer's income isn't like a salary, it has to cover input costs, advances, emergencies (both farmer's and workers') and preparation for the next year. It's not like a salary, pay your EMIs and you're free till the next payday. Unless you have a bumper crop on the upside of a commodity cycle, there's not much left over. Anyone familiar with agriculture will know how rare that is. |
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![]() | #2337 | |
Senior - BHPian Join Date: Jul 2009 Location: Pune
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IMO, it was largely driven by those helplessly paying their taxes via TDS, rubbing their hands in glee hoping to see that those that had the not common ability to be successful entrepreneurs in India, many of who had the further ability to reduce their tax liability honestly and dishonestly in ways denied to the salaryman, now get their due. And it was also driven by those who underwent little real suffering as a result of the exercise. | |
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![]() | #2338 | |
Distinguished - BHPian ![]() Join Date: Aug 2014 Location: Delhi-NCR
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![]() | #2339 | |
Senior - BHPian ![]() Join Date: Dec 2007 Location: Gurugram
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Why paying full taxes is personally profitable? You can invest the money as you see fit, and not just stuff it in a bag or trunk. You are welcome to rant away, but times are changing. | |
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![]() | #2340 |
Senior - BHPian Join Date: Jul 2009 Location: Pune
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| ![]() Are they? Or is it just a case of the more things change, the more they remain the same. And if you think that anything but the smallest part of untaxed wealth was/is stored in a trunk, I have nothing to say. |
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