Truth Never Fails

Wednesday, May 22, 2024

Money matters

 Tax should not stop or interrupt the money flow

Tax should not block or change the structure of the business and trading hence it should co-operate with the structure without any operational loss. 

It should be like a feather touch 

Taxing area should not be sensed by the goer but should be taxed as a bee collects honey from a flower.






++++++++


Like savings account and current account bank needs Market account

Which can be used for stock markets for buy and selling

Also for exports and bid in trading

It won't create interruptions on saving account statements..

Saving account amount will be saved


Example post office has postal savings account and payments Bank account 

Ofcourse post office account won't be considered as Bank account


But here I mention Bank can have another new type of account for markets other than current account..


When a person generates Demat account automatically Market account should be created in Bank account..


Like UPI LITE account 

Respected person should upload cash to market account for trading purposes..

Savings or current account should not be allowed for trading. 

So that brokers can't access the savings or current account status..

They just only go through the status of market account from Banks

(Only one market account is allowed even though there is Multiple bank accounts ***)

Total trade made by the market account should not be calculated for cibil scores ..

It should not be a key for loan access from banks..

But profits can be transferred to savings account for loan purposes.. (CIBIL)

Money can be transferred from savings to market account without any charges same vice versa..

Also money can be transferred to another person account without any charges, 


Not only person companies can use this..

So that they can stop loss in their company administrative accounts..


For exports it will be very useful..


++'&(

Can't see late night..

Type later









No comments:

Post a Comment