#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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