I am sorry to differ with you.You make honest savings impossible by including the fake income interest on bank deposits taxable or worse includable in the taxable income,thus bloating the total and dragging the hapless assessee into the higher tax bracket,overtaxing the other incomes like salary,pension,etc.You have made tax honesty dangerous. As long as you include the fake income interest on bank deposits into the taxable income,you have no moral right to defend the income tax. First define income as 'the benefit received or accrued with the burden of proving the benefit on the Income tax department. The Income tax act has forced and damned all Indians into the black money economy,making the corruption itself respectable. YM
On Mon, Feb 13, 2023 at 11:48 PM Rajaram Krishnamurthy < [email protected]> wrote: > Good one! Cost of corruption is my first lesson I heard at Nagpur, academy > when told to make it costlier. It might sound strange. But in reality, it > serves the purpose perfectly. Suppose people want to buy you with money. > Then he will not part with his whole profit or acquisition. He will part > with a trifle ,which to you, appears great. So you receive that and > complete his task. He is happy but your shadow starts chasing you and you > lose your sleep. You cannot explain the source, but he can explain the > expenditure. Thus free trade with one side advantage alone develops the > tree of corruption. On the contrary, why does he hold so much unaccounted > for?; not willing to pay the taxes?; NO; he needs the apex glory of the > purchasing power, kingdom to rule; and you are King and you're usurped, of > your right by a small shedding of his sweat; thus so easily, he can destroy > you and the surroundings where , he thinks he lives but not really as he > shall be thinking about that as a devil guarding the treasure. Suppose a > man wants to hoard 1 lakh and he offers you 10000; and in turn you ask him > to part with 60000; will he?; no because the cost of corruption is so > costly while the tax is only 50% of that cost. So he thinks of another way > to sleep peacefully. The dear cost checks the balance , retaining your > kingdom. All are happy provided, all do the same. Make corruption costlier. > KR IRS 13223 > > On Mon, 13 Feb 2023 at 04:05, Markendeya Yeddanapudi < > [email protected]> wrote: > >> >> >> -- >> *Mar*The Cost of Corruption >> >> In Pakistan, the military generals, the top bureaucrats and the top >> politicians have been continuously stealing and bleeding the country. They >> invest the stolen property in western countries, in various business >> empires, which their children own and manage. The children of the ordinary >> Pakistanis are forced to join the various terrorist training camps, making >> them adopt terror and crime as careers. Now the looters are eagerly waiting >> for the latest IMF package, so that they can steal it. The IMF too after >> all sorts of pretences will grant a hefty loan. That loan will be stolen >> and invested in the west. This is the new colonialism of the west. The >> scamsters in the country loot and they bring the steal to the west. >> >> In India too we have our own homegrown scamsters. They loot and then get >> political power. Of course they too invest the loot in the west. But now >> Modi has become a big headache. He is not personally corrupt. He dried up >> the big money spinner of the arms manufacture lobby by solving the Kashmir >> problem. Of course a few thieves entered the BJP but let us hope that they >> will be neutralized. >> >> YM >> > -- *Mar* -- 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/CACDCHC%2B%3Dz6WWHs8z4yx-Hx%2By-CAq8BO68rasJjyd41rctMN4%2BA%40mail.gmail.com.
