gattaca Posted February 19, 2017 Share Posted February 19, 2017 This some merit for people like gali janardhan reddy. Google it. He spent 100 crores.The thing is IT raided his houses but couldn't find jack. No one knows where the source of income is in this situations. Link to comment Share on other sites More sharing options...
moniker Posted February 19, 2017 Share Posted February 19, 2017 This some merit for people like gali janardhan reddy. Google it. He spent 100 crores.The thing is IT raided his houses but couldn't find jack. No one knows where the source of income is in this situations. There is merit in the IT department going after him to declare the source of the money, that is if they have the balls to do it. The money is probably sourced from foreign accounts. It's pretty convenient for the IT folks to just raided his houses and then wash their hands off the case when they can't find anything. This roundabout way of taxing the wedding doesn't do anything to uncover the source. At least the money is coming out and being contributed to the industry instead of being stashed somewhere. Link to comment Share on other sites More sharing options...
mishra Posted February 20, 2017 Share Posted February 20, 2017 On 18/02/2017 at 2:51 PM, sandeep said: This is economic fundamentalism of the mullah kind. No surprise. there's a significant chunk of the sub-continent population susceptible to such thinking. Pakistan is exhibit A for that. And surprise, suprise - that country already has such a law on the books. Hindu/Atheistic Fundoos are indeed the mirror image of the Pakistan founding muslim league. Only thing that separates them is the religious color that designates their "tribe'. So you cant make a case then so come up with logic this is bad law because it is also a law in Pakistan. How a discussion about taxation measure in India which is wrt filth spending of black money is down to your bullshit secularism. Only People like Laloo Yadav and Owaisi manage to find such bullshit of sickularism in every thing. Link to comment Share on other sites More sharing options...
mishra Posted February 20, 2017 Share Posted February 20, 2017 20 hours ago, Mariyam said: Weddings are an industry in India today. Putting a cap on the spending is going to affect many ancillary industries like catering, decoration, hotels and lodges, card printers etc. People could end up losing their jobs. I do not see any good coming of this move at all. For anyone. Mariyam point taken. IMO there is a amount over which if people can spend then they can also pay taxes. Any taxation may decrease the scope of economic activity in a particular area but at the same time it gives government ability to spend the same money somewhere else. People In India are used to corrupt governments and distrust has grown so much that any new move is always viewed with suspicion. Government must win the war of image and trust Link to comment Share on other sites More sharing options...
Muloghonto Posted February 20, 2017 Share Posted February 20, 2017 24 minutes ago, mishra said: Mariyam point taken. IMO there is a amount over which if people can spend then they can also pay taxes. Any taxation may decrease the scope of economic activity in a particular area but at the same time it gives government ability to spend the same money somewhere else. People In India are used to corrupt governments and distrust has grown so much that any new move is always viewed with suspicion. Government must win the war of image and trust Sorry, but that is ass backwards. Govt. should not over-do taxing directly from the base. Because that pisses people off and puts people in the 'hoard money' mentality. Money doesn't grow by hoarding. What government needs to do, is tax services- so apply GST to every transaction and collect. This hides the cost to the user and generates a far more steady stream of income at the expense of maybe getting less money. Oh and govt. won't win war on image and trust without delivering justice to the nation. India's disconnect with rest of the world,it seems is that most of the rest of the world who've been to India/are formerly Indian, note, is its lack of justice system. That means poor policing, poor court case timelines, poor evidence-handling. And most Indians tend to not think it is the #1 problem. Link to comment Share on other sites More sharing options...
G_B_ Posted February 20, 2017 Share Posted February 20, 2017 its a private members bill you will be surprised at the type of bills introduced as private members bills. No wonder they hardly ever pass. Link to comment Share on other sites More sharing options...
Mariyam Posted February 20, 2017 Share Posted February 20, 2017 On 2/18/2017 at 6:43 AM, Muloghonto said: most indians are not modern economically. They still see it as a goal to 'save money'. They don't see it as 'you make money by spending money, aka investments, property development projects, etc'. Thats the problem. This is confusing. People buy property and invest in the stock market with the money that they have saved. Unless there is substantial saving, how would people even be able to buy property? Why are Indians economically backward?? Link to comment Share on other sites More sharing options...
sandeep Posted February 20, 2017 Share Posted February 20, 2017 4 hours ago, mishra said: So you cant make a case then so come up with logic this is bad law because it is also a law in Pakistan. How a discussion about taxation measure in India which is wrt filth spending of black money is down to your bullshit secularism. Only People like Laloo Yadav and Owaisi manage to find such bullshit of sickularism in every thing. Regardless of whether Pak has a law or not, Mishra bhai, what you are being sucked into is a silly idea. If you want to support consumption tax, I'm not at all against that. That would apply to all expenses by the 'super-rich', black or white. Why pick on weddings? Its silly. I'm all for going after black money, but the method has to be logical, not reactive and poorly thought-out. And where does "secularism" enter this discussion? My view of this is that its poor economics and empty-vessel chest-thumping to advocate such foolishness - and it is economic fundamentalism - i.e. slavish advocacy and adherence to ideas without understanding them fully. But if you have to resort to straw man arguments, and personal insults to respond, then it says more about you, than the subject at hand. Link to comment Share on other sites More sharing options...
Recommended Posts