If you test me I will test you : Tax Test

 

#Finance In India tax laws are complex and frequently changes 

Even a business graduate can't understand it. 

But they force common people to stay updated without any tax education in schools and colleges.

Ironic 

Incredible 

Even a newly recruited ITO IRS needs 4 years to understand Tax laws .

Then how will a common people will understand it ?

Simplify Tax #Laws 

Finding right tax form is a tricky one

After finding it filling it is a risky one

On the whole it's a private party dependable method 

Independent individual can't do this by himself even he has been a bank manager .

He or she has to go for an auditor on seeking help. 

I also assume 40 to 50% ITO themselves can't file taxes for themselves. 

Even they cant book a train ticket correctly using LTC

Just 5 forms are enough

Income from salary

Income from business including property

Income other than busines

Captial gains and

Income from other sources

I don't know how I got this income 🤣👍

+++++++

SPECULATIVE INCOME

NON SPECULATIVE INCOME

under business income

They have lottery income but they don't have gambling income

Dream 11 , Rummy circle , Casino 

But they are not under illegal income..

Because it has been legalised under brain games. 

++++++

Still I have not opened the GST page

It will create a Butter jam confusion

+++++++

I don't know how to file income tax individually

So just asking

 

+((((+++

On press meet live video

The finance minister should file tax for herself. 

Also she has to file GST for a random business guy selected by their own system

So that we can learn

Just opinion

Let's celebrate tax festival

India in hand money is very less debt more

 INDIAN FINANCIAL WHITE PAPER FY 2025 :

(My Data from various sources)

Total tax collected = 19,61,823.31 cr

Bank Loan write off = 200000 cr (Avg)

External debt US$682 billion = 56,506,000,000,000 INR (56 Trillion inr)

Foreign currency reserves US$652.9 billion = 55,500,650,000,000 INR ( 55.5 Trillion inr)

GDP $3.216 trillion. Rate 6.2% 

(270 trillion INR)

External debt is higher than reserve approx 1 Trillion INR 

+++++++++++++++

Solutions: 

INDIA SHOULD STOP GETTING EXTERNAL DEBT

INDIA should reach AAA ratings 

Now in BBB ratings

Should focus on world class Infrastructure development

 

Use code sharing on higher education

More researches should be encouraged

Increase job's ..

திமுக பாஜக உடன் ரகசிய கூட்டு

 அரசியல் : பாஜக திமுக இணைந்து செயல்படுகிறார்கள்

தினம் ஒரு அறிவிப்பும் எதிர்ப்பும்

மாற்றி மாற்றி ஒத்து ஒலித்து கொள்கிறார்கள் 

 

இதன்மூலம் பிறருக்கு இடம்கொடாமல் வண்டியை இசைந்து ஓட்டுகிறார்கள்..

எதிர்காலத்தில் நம் இருவர் பின்னால் தான் மற்றவர்கள் வந்தாக வேண்டும் என்று சொல்லி வைத்து செய்வதைபோல உள்ளது.

இது அதிமுக இடத்தை பாஜக கைப்பற்றும் முயற்சி யாகும்.

3வது அணி அமைப்போம்..

சரக்கே இல்லாத பழம் பாய்ஸ்

 உண்மையில் டாஸ்மாக்கில் என்ன நடக்கிறது என்று அமலாக்கதுறைக்கு தெரியாது

அவர்கள் வெறும் paper work மற்றும் கடை வாசலில் நின்று புலம்பும் மது பிரியர்கள் சொல்லும் தகவலை வைத்து

பாட்டிலுக்கு 10-30 ரூபாய் அதிகமாக வாங்குவதாக சொல்கிறார்கள்

(இதை நீதிமன்றத்தில் நிருபிக்கவே முடியாது தெரியுமா ?)

இதுதான் உங்க விசாரணையா ?

இந்த வழக்கு மட்டுமல்ல பல வழக்கில் அமலாக்கத்துறையை பார்த்துள்ளேன் அவர்கள் விசாரணை Creamy layer போல தான் உள்ளது.

காரணம் அனைவரும் பழம் பாய்ஸ்

எல்லாமே படிக்கிற பசங்க

ஒன்னும் தெரியாத பசங்க

சும்மா உளவு தகவல்களை வைத்து விசாரணை செய்கிறார்கள்.

நம்மை போல சுத்துறவனுக்கு தான் குற்றத்தின் ஆழம் தெரியும்.

உளவு தகவலே தேவையில்லை..

Paper work கூட செய்ய தேவையில்லை.

டாஸ்மாக் முழுக்க முழுக்க ஊழல்.நிறைந்த துறை

விசாரித்தால் ஒழுங்காக விசாரிக்கனும் 

சும்மா கடமைக்கு விசாரிக்க கூடாது..

உதாரணம் Clue: சரக்கே டூப்ளிகேட் சரக்கு அதை முதலில் கண்டு பிடிச்சிங்களா ?

Tax burden comparing stocks (Portfolio) harvest with tax harvest

 Tax Harvest : 

Subtract the gain with loss isn't it? 

Only investing side short term and long term is needed in the tax side it's not needed

But they ask whether it's short term gain or long term gain

Actually it's not needed I think so

Just collect the gain tax it's enough

Why you worry it's short term or long term

I throw seeds I water it I protect it I remove weeds I give minerals for it..

Then I harvest it's short term

I plant and I wait for years to get fruits from a Tree I have protected it for years..

It's long term

It's my job and my plan and my protection and my gain

I diversified my yield in my land portfolio..

I also faced loss some plants didn't give yields natural disaster took away. 

Are you going to give compensation for it..?

No you left me alone

I sacrificed my days and years of hard work

Again I planted then I took the gain..

Now you came for tax for my yield 

You protect the land borders

Im ready to give

But don't ask my gain yield was short term or long term

It's none of your business

I work all day continuously 

For me it's all day work

For the short term I sell some Spinach grains,mangoes and coconuts 

One day I will cut down the tree and sell the whole tree

On other day I may sell my land

It's my business

Just get tax for gains don't ask which is short and long term gain..

I don't know

It's not possible to remember 

Law says short term gain will be subtracted only with short term loss

But long term loss can be did for both

Actually loss is a loss 

For one gain you have to pay tax for all

I got gain in groundnut but loss in paddy ,palm, sugarcane..

For one gain something 10-12% should be paid by subtracting the losses .

Govt side it's called tax Harvest

From our side it's a legal robbery

Ai answers for it :

(Say it short)

You're right, the core of tax-loss harvesting is offsetting gains with losses. Here's a simplified breakdown:

* Goal: Reduce your tax bill by using investment losses to cancel out gains.

* The "Short vs. Long" Issue:

* Tax laws differentiate between short-term (held less than a year) and long-term (held longer) gains/losses.

* This matters because they're taxed differently.

* The laws also restrict how these types of losses can offset the different types of gains.

* Your Perspective:

* You see your work as a continuous effort, regardless of the timeframe.

* You feel the distinction between short and long-term gains is arbitrary and burdensome.

* You feel that tax on gain should be levied after subtracting all losses.

* You feel that the government is taking advantage of your hard work.

* Government Perspective:

* The short/long-term distinction is designed to encourage long-term investment.

* Tax laws are designed to create revenue for the country.