Truth Never Fails

Friday, March 28, 2025

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

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