Pranam In all countries similar law only prevails; and in many manners if you were in the USA you might feel your tax payments for state and central (two taxes) is too high. So the word damned is prejudiced. After all, you write so much for hardly 5% of the payment of one tax only (unlike 2 taxes in the USA) of your gross receipts. In the kings' days people were paying 1/6th of the gross which is 16%. I am not competent to interfere in your ind thoughts. But what I am writing is what is our dharma. KR IRS 141221
On Tue, 14 Dec 2021 at 11:06, Markendeya Yeddanapudi < [email protected]> wrote: > > > -- > *Mar*Definitions of Income > > If the term income cannot be defined, then there shall be no income tax at > all, as it cuts one’s very fundamental rights, as it makes the citizens > subject to arbitrary law, which is not based on reason. Our constitution > has not given that power of arbitrary imposition on the citizens by the > government. The word income must be referable or traceable clearly and not > get shrouded in vague discourses. > > > > I give below my attempts at the definitions of the term ‘Income’. > > 1) Income means the benefit received or accrued. > > Note: It must not be assumed or notioned, even when no benefit is seen. > > 2) The clear remuneration actually received or accrued in clear > identification. It cannot an arbitrary assumption. > > 3) Income means the expenditure of the one paying the return for the > service or benefit given. The income must have an expenditure side of the > one making payment. > > 4) Income is benefit derived from a source giving the benefit, to whom > it is expenditure. > > 5) Where the source of income is subject to corrosion in value or > total wipe out in value as in the case of Fixed Deposits in Banks, then the > attributed income on bank deposits shall be paid by the government,after > deducting the allowance for inflation from the interest and also the > capital value. Otherwise no income can be arbitrarily assumed. > > In our country the Income Tax act has damned every creative and innovative > citizen into a criminal escaping income tax. The very morale and self > esteem of the creative people is eliminated. > > YM > > -- > You received this message because you are subscribed to the Google Groups > "Thatha_Patty" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/thatha_patty/CACDCHCKYHMmi9MH%2Bv%3Dbj6-ORikFGJ%3DmXAj8VvEZ_HG7%2Br0_1-A%40mail.gmail.com > <https://groups.google.com/d/msgid/thatha_patty/CACDCHCKYHMmi9MH%2Bv%3Dbj6-ORikFGJ%3DmXAj8VvEZ_HG7%2Br0_1-A%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZoqVvs-DMie2yE37XwJBrKUoh7Y2N%3D0ESaLYKEOGZy4nTA%40mail.gmail.com.
