AUTOMATED PAYMENT TRANSACTION TAX , PAYING TAX WITHOUT TEARS, COLLECTING TAX AT SOURCE, NIPPING TAX EVASION AND HENCE BLACK MONEY IN THE BUD, RELIEF FROM HEAVY TAXES , FORCING 97% MORE TAX CONTRIBUTORS VIDE 2 % BTT , TRANSPARENCY , NIPPING TERRORIST FUNDS , NO OF FILING TAX RETURNS , ABOLISHING CURRENCY NOTES GREATER THAN Rs 50 DENOMINATION , RENDERING HIGH VALUE CASH TRANSACTION IMPOSSIBLE, RENDERING FAKE CURRENCY IMPOTENT, RELIEF FOR MIDDLE CLASS SALARIED WORKERS , EASIER TO CUT SUBSIDIES , ROOTING OUT MEANINGLESS ACTIVITY TRAPS , TAX QUAGMIRE FOR FOSTERING EMPLOYMENT OF CHARTERED ACCOUNTANTS WHO EAT A BIG CHUNK OF ALL THE TAX COLLECTED , NO TAX RAIDS AND HARASSMENT FOR BRIBES , NO FORCING HONEST DESH BHAKTS TO LIE, CUTTING THE STRENGTH FROM UNDER THE FEET OF ROTHSCHILD ECONOMISTS, WIDENED TAX BASE WITH AUTO COLLECTION AS 97% INDIANS DO NOT PAY INCOME TAX , UNEMPLOYED TAX OFFICIALS TO BE ABSORBED INTO BANKING , KILLING SHYLOCK PRIVATE LENDING BLADE AGENCIES , CREATING BANK ACCOUNTS FOR POOR TO BYPASS MIDDLEMEN , CASH FLOW VIA BANKS REDUCE LOAN INTEREST RATES , HIGHER DEPOSIT INTEREST RATES FOR POOR SENIOR CITIZENS, THE ONLY HOPE OF A POOR INDIAN TO OWN A HOME , GETTING SOCIAL SECURITY IN RETURN FOR BTT , KILLING FAKE CURRENCY , SETTING LIMIT FOR CASH TRANSACTIONS IN GOLD PURCHASE , SUSTAINING OUR CONSTITUTION REQUIREMENT THAT ALL CHILDREN OF BHARAT MATA BE TREATED THE SAME , OPENING MORE INDIAN RURAL BANKS AND GENERATING LOCAL EMPLOYMENT , NO TAX EVASION MEANS NO CAPITAL FLIGHT OVERSEAS , HASSLE AND EXPENSE OF FILING FOR INCOME TAX RETURNS AFTER COMPANY DEDUCTED EXCESS INCOME TAX ELIMINATED , MICRO ECONOMY BARTERING YOU PAINT MY HOUSE AND I GIVE MATH TUITION TO YOUR CHILD , CASH TRANSACTION LIMIT 3000 RUPEES IN 50 RUPEE DENOMINATIONS ,
Below: The game changer ? -nay- the SILVER BULLET !
Below: No other country has dared to give FREE FOOD to physically and mentally healthy young people - just to grab votes .
.
here we go-
If we can get rid of this huge tax ALBATROSS AROUND BHARATMATAs NECK , Indians will become prosperous.
All are in connivance. Filthy rich Indians like corrupt ministers and businessmen who hardly pay any income tax launder black money by sending their illegal cash to Mauritius, then looping it back to India in the form of legal investments. Are we to say that our Finance ministers do NOT know this?
Once the IT is abolished , where is the incentive to stash away black money. Indians can proudly say I AM RICH !
These black money party will try to convert this money to gold but then , control all gold purchases . Any purchase over 3000 rupees must be paid via bank transaction. Less than 3000 rupees purchases must be paid with cash of max 50 rupee currency denominations.
Below: A tapeworm in your stomach feeds off you, it is a PARASITE--just like your income tax consultant .
THE BANKING TRANSACTION TAX MUST BE HANDLED BY INDIAN BANKS ( NOT FOREIGN ) .
INDIRA GANDHI WAS ASSASSINATED ( BY THE INTERNATIONAL BANKSTERS ) BECAUSE SHE NATIONALISED OUR BANKS - THE GULLIBLE SIKHS WERE JUST PAWNS .
SINCE THE NUMBER OF COMMENTS HAS EXCEEDED 200, CLICK ON LOAD MORE TO SEE THE BALANCE COMMENTS .
CAPT AJIT VADAKAYIL
http://ajitvadakayil.blogspot.in/2014/11/abolish-income-tax-in-india-have.html
Below: The game changer ? -nay- the SILVER BULLET !
Let nobody take FALTHU credit.
Abolition of Income tax was FIRST suggested by Dr. Subramanian Swamy way back in 1977-78 during the Janata Party regime - so Baba Ramdev who was in junior school - and others , take it easy .
Abolition of Income tax was FIRST suggested by Dr. Subramanian Swamy way back in 1977-78 during the Janata Party regime - so Baba Ramdev who was in junior school - and others , take it easy .
Like wise Capt Ajit Vadakayil was the first on this planet to point out the Hindus roots of the Yazidis at Stonehenge at Gobekli Tepe Turkey, now all are claiming credit and TRIPLE SRI is running there ..
http://ajitvadakayil.blogspot.in/2014/08/the-yazidis-of-iraq-ethnic-cleansing-by.html
The Tax department, tax advisers, Income tax lawyers, Chartered accountants – number in lakhs minting money by meaningless activity traps .
What is an ACTIVITY TRAP?
This is NOT real work .
http://ajitvadakayil.blogspot.in/2009/07/real-work-and-activity-traps-capt-ajit.html
I do hope the BRICS bank will take off , to break the spine of the R central banking system.
This world has been taken for a ride by BIG BROTHER - we need to stand and fight !
Below: Pushing Walmart- with Lady Rothschild
Below: Pushing Walmart- with Lady Rothschild
Punch into Google search-
MODERN ECONOMICS, AN EMPIRICAL VULGAR PSEUDO SCIENCE VADAKAYIL
Above: Uddhav Thackrey must develop political maturity , stop nagging like an old woman .
Modi must forgive and forget . Make it WIN-WIN .
This is what desh-bhakt Hindus want - leaders represent people !
Do NOT react to the endless rabble rousing of BENAMI JUDAS media ..
Presidents of the five countries ( BRICS ) met on the sidelines of the G-20 meeting. Four of the five economies have been in a slowdown, with India being the rare exception. This planet is now watching India .
In 20 years India will be No 1 superpower on this planet .
I had predicted this 4 decades ago and was subjected to ridicule – they all sniggered and nick named me MR INDIA , out of sarcasm.
We lost 10 years under the waitress and the R poodle Manmohan Singh .
But we are still on course ! .
Below: No other country has dared to give FREE FOOD to physically and mentally healthy young people - just to grab votes .
The leaders, Indian PM Narendra Modi, Chinese President Xi Jinping, Russian President Vladimir Putin, South African President Jacob Zuma and Brazilian President Dilma Rousseff discussed ratifying the newly formed $100 billion BRICS Bank and the $100 billion Contingency Reserve Arrangement (CRA) by parliaments in the five countries.
These five countries, representing 40 % of the world’s population and 27 per cent of its GDP , recorded growth rates 6 times greater than those of the US, Europe and Japan, and threatens to displace them as the world’s most important economic powers in another 15 years .
Zionist bankers and Rothschild’s stooge western leaders are trying to scuttle Putin, and drive a wedge between India and China. It is easy to make India and China fight as long as we do NOT etch our borders on rock in a WIN WIN manner.
Malaysian Flight MH17 over Ukraine was missiled out of the sky by Zionists Jew agents in Ukraine to apply sanctions on Putin, and convert him to another Gaddafi .
Below: The real target was Narendra Modi plane whose plane flew over same path 45 min earlier. Modi was flying home, after the BRICS summit at Brazil , Fortaleza. on same corridor .
MH-17 was shot down by a Ukranian fighter jet at Torez, near Shakhtersk, some 40 km from the Russia border in Ukraine after going off the radar at 1320 URC.
MH-17 was shot down by a Ukranian fighter jet at Torez, near Shakhtersk, some 40 km from the Russia border in Ukraine after going off the radar at 1320 URC.
Every Indian must know how Indian nuclear scientist Homi Bhabha’s plane was missiled out of the sky over Alps.
Nobody cared till my blog post went online .
Nobody cared till my blog post went online .
Punch into Google search-
HOMI BHABHA IN AIR INDIA FLIGHT AI 101 CRASH VADAKAYIL
Air India Flight 101 was a scheduled Air India passenger flight from Bombay to London that flew into Mont Blanc in France on the morning of 24 January 1966. At Flight Level 190, the experienced pilot was DELIBERATELY instructed to descend for Geneva International Airport after the aircraft had passed Mont Blanc.
Below: Can we protect our PM Modi ? Even the fuel in the plane must be tested ! An aviation turbine fuel expert must test the fuel if bunkered in foreign lands.
Do we know how Putin is protected in hotels - snipers / food tasters / bug sweepers etc. When Putin stayed at Leela Palace in Bangalore, I know to what extremed they went - as I talked to the PR head. Entire hotel floors on top and bottom of Putin's room, were fully reserved .
We allowed our PM Lal Bahadur Shastri to die , right ?
The Air India flight comprising 106 passengers and the 11 crew members crashed near the summit of Mont Blanc in the Alps, leaving all 117 people dead. There were 46 Indian sailors on board .
Below: Can we protect our PM Modi ? Even the fuel in the plane must be tested ! An aviation turbine fuel expert must test the fuel if bunkered in foreign lands.
Do we know how Putin is protected in hotels - snipers / food tasters / bug sweepers etc. When Putin stayed at Leela Palace in Bangalore, I know to what extremed they went - as I talked to the PR head. Entire hotel floors on top and bottom of Putin's room, were fully reserved .
We allowed our PM Lal Bahadur Shastri to die , right ?
The day before he was murdered !
I have become a bit SENTI—so here is a BONUS post -
Punch into Google search-
THE DAY BEFORE YOU CAME VADAKAYIL
The Air India flight comprising 106 passengers and the 11 crew members crashed near the summit of Mont Blanc in the Alps, leaving all 117 people dead. There were 46 Indian sailors on board .
Why do salaries keep going up?
Why does cost of petrol keep rising?
Punch into Google search -
THE MURKY TRUTHS OF INFLATION AND GLOBALISATION VADAKAYIL
here we go-
Ever since we became independent foreign forces whom we kicked out in 1947 are involved in choosing almost all our Finance Ministers , Reserve bank governors and kingpins in the ministry .
Some of them are in the salary roll of big brother . Probably one day I will dedicate a post to this .
Some of them are in the salary roll of big brother . Probably one day I will dedicate a post to this .
It is time we forge the hinges of our destiny on our own terms. This can be achieved only if people know what is happening.
India's salaried class single-handedly contributes to the country's income tax base. They do it only because the tax is deducted at source . Then later they employ tax-consultants and claim back some of this .
Only 2.8% of people of our population ( around 35.9 million people ) pay income tax. The rest do NOT pay anything. The vulnerable Indian middle class are among the most taxed in the world.
A big chunk of these non-salaried rich people like doctors, lawyers , architects businessmen etc own palatial homes, drive uber luxury cars, but they evade tax by bribing the right people . The corrupt system feeds off this tilted playing field.
A lot of these rich NON-SALARIED people ( who do NOT pay income tax at source ) invest in gold which they hide inside their homes, bury in holes in the back yard –some even are confident enough to keep it bank lockers. They buy BENAMI land , houses and flats .
The Indian tax departments are HUGE . The tax system is deliberately kept complicated, even contradictory , so that corrupt people can milk the system .
These govt departments are inefficient and incompetent . They give enormous heartache to desh bhakt Indians who try their best to be sincere and honest citizens .
There are thousands of Chartered Income tax accountants who thrive on these deliberately kept complicated tax regulations. They live in huge houses drive fancy cars .
These people who engage in meaningless activity traps are NOT involved in nation building at all . It is easy money for them, all for doing nothing . There is a saying pigs are useful only when dead .
If we can get rid of this huge tax ALBATROSS AROUND BHARATMATAs NECK , Indians will become prosperous.
Modi must send his sleuths to Mauritius . More than 41per cent of FDI in India comes through this tiny island in the Indian Ocean. We do know who made this tax treaty loophole that legally eases the flow of investment funds into India.
I ask Modi. Estimate the tax collected by our Income tax dept in 2013 . Then subtract the money requires in maintaining this humongous ACTIVITY TRAP system ( including their retirement funds ) after that how much money is balance ?
Why are we pretending to sleep and expecting other to wake us up?
Is there NO political will?
Our rotten Income Tax system forces a desh bhakt Indian to lie . You pay income tax in India, with nothing in return in the form of govt social security, like in the west .
Retired people feel the pinch due to inflation. When the standard of living falls, their own PMS laden wives nag them endlessly and even abuse them .
I have heard some IDIOTS saying and writing that you cant tax rich and poor people with the same rate of 2% banking transaction tax ( automated payment transaction tax ) .
These pea brained MORONS are still being called EMINENT and CEREBRAL .
Is it worth responding o these dim-wits nay- CHOOTS ?.
Previously only a small percentage ( 2.8% ) of Indians paid tax. Now all are being roped in.
Rich people spend ( move ) more money in a year , poor people spend less. This means rich people will pay more , right?
What is so difficult in understanding this simple truth?
Now let us use some PERCEPTION.
The best way to arrive at a person's spending power vis-a-vis his needs is to look at his day-to-day living expenses. Income is an inferior measure of taxable capacity because it does not encompass spending power in other forms and takes no account of differences among individuals as to the need to save.
Kuch aaya samaj mein ?
Finance finance minister Chid mentioned in his Budget speech that only about 42,800 people have declared taxable income of over Rs. 1 crore annually.
Then -
Who is driving all these fancy cars?
Who is owning all these fancy flats?
Who is owning all these fancy businesses ?
Who is dining and staying in all these fancy 7 star hotels?
Modi must ban all currency notes of denomination above Rs 50 . A small percentage of our 1000 rupee and 500 rupee denominations are FAKE currency . There will be no place in the house to keep so much of black money.
Try filling up a suitcase with one crore worth of 50 rupee notes.
Try filling up a suitcase with one crore worth of 50 rupee notes.
In the last four years, fake Indian currency notes worth more than Rs 2,600 crore have been pumped into India by Pakistan's ISI to carry out Islamic terror activities. Only Rs 455 crore has been seized. Of this, Rs 55 crore was seized in foreign countries. The fake currency, being made in Pakistan under the supervision of the ISI, and with the help of latest technology and world-class standards, including the paper, the ink and the watermark, looks so real that only an expert eye can detect it with the help of pink light.
Here is a piece of news which came today .
QUOTE : Fake currency with a total face value of Rs 12.85 crore was seized until September this year from countries such as Nepal, Bangladesh, Sri Lanka, Thailand and UAE, with Pakistanis acting as carriers in most cases. A significant part of these seizures were made from outbound flights from Gulf nations, after they landed in destinations like Dhaka or Colombo : While Pakistani carriers were involved in six of the 13 cases of FICN seizures from abroad between January and September this year, Bangladeshis and Nepalese nationals were involved in three cases each. UNQUOTE
Fake currency notes increases inflation , due to more money getting circulated in the economy - an unauthorised artificial increase in money supply.
This causes STRIKES for more wages , triggered by foreign funded TROJAN HORSE NGOs and national productivity loss .
People are not able to save much at the end of the month . Fiscal deficit widens and govt has to prune social spending or spending spending on infrastructure or education or healthcare. The Govt is forced to take loans for planned and nonplanned expenditure.
Cost of borrowing widens the fiscal deficit further. To trim excess money in economy, the central bank has to hike up interest rates , and this makes loans become costly. All this causes a negative cascade effect .
Business houses halt their expansion plans. They also pass on the extra borrowing cost to the consumers at the cost of the demand so purchasing slows down. Foreign investors withdraw their investments from the capital markets so foreign exchange reserves come down.
As a result rupee would devalue further making the imports expensive. Economy starts slowing down and enters the recession era and finally it is deflation. Our Govt has done very little to curb counterfeit currency menace . Lot of money is spent in intelligence efforts with very little success .
These black money party will try to convert this money to gold but then , control all gold purchases . Any purchase over 3000 rupees must be paid via bank transaction. Less than 3000 rupees purchases must be paid with cash of max 50 rupee currency denominations.
PM Narendra Modi is preaching about honesty and Desh Bhakti. Well such a movement cannot take off as we are tied down. Income tax also makes criminals out of many of us. It forces both employers and employees to cheat.
People do NOT want to pay income tax when the Govt offers NOTHING in return. At least the Govt employees get pension, medicare and gratuity .
What about the private salaried employees ? Even if they save something say 50 lakhs in the bank what will be its value after 10 years –and he has another 30 years of uncertain in health life in him?
Once Income tax is abolished the companies do NOT have to pay huge salaries to cover up for the Income tax deducted . This means the work force wage sheet bottom line is brought down and more people can be employed .
Take home salaries matter . The gross salary is just a mirage for ego massage .
At sea as a ship captain my entire salary was take home. It gave me immense PLEAYYYYURE –oops , apologies to Manmohan Paaji - pleasure to earn in dollars and spend in rupees.
Subsidies will be easier to cut if income tax is abolished altogether , such is the magic when you tax expenditure rather than the income tax .
These concepts can bee gleaned only by lateral thinkers.
I have written several times in my posts that I was a master of REACTION MANAGEMENT by domino / cascade effect. When I conducted interviews I judges the person NOT by his answers , but by his questions .
All this tax calculation and paper work done by thousand of tax officials is just a waste of time- an unproductive activity trap SHEER POLICING .
If you wife keeps POLICING IN THE KITCHEN I am sure you dinner is gonna be all balls !
Lateral thinking recognises that the approach to a problem is never as important as its solution. It cares two hoots for logical thinking which is the way computer software programs work.
A lateral thinker is never satisfied with the ADEQUATE beaten track. He does not drill his tunnel though logical steps to his goal—rather he will leap frog—opening new pathways.
His last few steps is the one which will make his venture a success. Like building a bridge like the Sydney bridge. When the last part fits in at the centre—and voila , the bridge suddenly becomes self supporting and is ready to take on the traffic.
India is a country of savers, and not spendthrifts. Our high potential economic model cannot be compared to the rest of this planet.
We have more than 55000 tonnes of gold in private hands .
If BTT has failed in outher countries , we will NOT derive lesson from it. We hear pea –brained experts on these economics money channel talking the whole day about the stock market and the ratings given to India by Moody, S&P etc.
Who cared for these ratings.
Our economics is closely related to small cottage industries and family based skilled trade ( which Zionist agent RUGMARK( good weave ) Kailash fu#kin’ Satyarthi killed )
Below: FAKE BODY LANGUAGE !
Below: Narendra Modi saab - by this hug you heart punched Bharatmata ! Please come up to speed with world intrigue .
Income tax was created by R as a state instrument for mass harassment of people who objected to LIES and excesses. In 18 countries in Europe if you say only 5 million Jews died they can put you in jail and 100% a IRS raid will follow which will screw you up for life .
Even today people believe that-
AAA) Both world wars were fought for queen and country. Sorry, they fought for a German Jew who wanted to careve out the state of Israel.
BBB ) India was ruled by the Queen of England. Sorry, India was ruled by the owner of British East India Company , Rothschild who controlled the money supply of the planet.
How did R get so rich ?
he grabbed Tipu Sultan’s gold in 1799 AD. This Gold was stolen by Tipu Sultan from North Kerala temples - basically gold of Calicut king ( my hometown)..
Punch into Google search-
TIPU SULTAN UNMASKED VADAKAYIL
In the nineteenth century, 93% of the world's trade was carried by British ships controlled by R. R maintained his own TOUGH mercenary Hessian army who were well paid and well armed just in case the Queen or Parliament acted funny. .
According to the Finance Minister’s Budget proposals for 2013-14, Income Tax was expected to be over Rs 2.5 lakh crore while Service Tax was estimated to be over 1.8 lakh crore. A marginal 2% BTT translated to around Rs 16 lakh crore of annual revenue from current banking transactions.
Less taxation means more indigenous production and more utilization of local skills. There will be a compression of costs in the economy , as indirect taxes, which are a major cost, will get eliminated.
This would make Modi’s MADE IN INDIA maal give stiff competitive with China.
This will have a domino effect on services and provide a major boost to exports, bridging the trade deficit , and in turn will strengthen the value of the Indian Rupee.
Skeptics keep saying that if BTT is introduced people will spend less. Only dim-wits will talk this way . Less income tax means people will spend more to improve the quality of their lives. We all have only one life.
Even if people save for their old age and for their children whom they produced , what is wrong in that? I am sure by now my readers would have realized that Capt Ajit Vadakayil is NOT a dim-wit.
Eliminating curreny denominations over 50 rupees will free up enforcement agencies . Every rupee spent on policing adds to the GDP and gives it a INFLATED look. Mayawati’s statues also added to GDP—this is how STUPID modern economics is.
We will deal a death-blow to the black-money hoarders who do it in 1000 rupee notes . It economically unviable to print and benefit from fake currencies if the value of the note is just fifty rupees .
Magnetic imprint must be given to all NEW 50 rupee notes too so that they can be detected by X-rays .
Abolishing income tax would seriously worry these LEECHES called tax advisor Chartered accountants who do UNPRODUCTIVE work .
These sad people who stand to lose their jobs because their milch income tax cow has jumped off the deep end, can be accommodated in the banking sector which is bound to explode .
Everytime there is a tax litigation there are vultures feeding off it . NOT a single one of these contribute to the nation’s productivity. Existing investments in other tax systems like GST (both in terms of time and infrastructure) will become redundant.
USE THE GENERATED MONEY TO CREATE HOUSING FOR THE POOR , THE COSTS ARE SO HIGH THAT A MIDDLE CLASS MAN CANNOT DREAM OF OWNING A FLAT .
"We will have to go back to Vedic days if we abolish income, sales and excise tax," Yashwant Sinha a former Finance Minister cried. HULLLOOOOO ?
Taxes like as excise, service, sales, octroi, and VAT are routinely evaded in connivance with corrupt Govt agencies. The multiple taxation regime is more money consuming than the collections it yields, deliberately kept ambiguous and complex in its applicability and exceptions .
Wide areas of official discretion has been introduced to milk the system. All this is very difficult to administer honestly no matter how well-intentioned and desh-bhakt the top people may be.
Income tax payers number only 35 million souls, even after 67 years since Independence, out of a current population of at least 1300 million! Whom shall we congratulate ?
Bank transactions presently account for less than 19 % of the total—conversely 81% of all business transactions are conducted in cash of 500/ 1000 rupee note denominations . When land or homes are sold, a small percentage is given by cheque and the rest is given in a suitcase .
For me abolishing income tax is all about freeing the common man from heartache.
The present taxation system is a burden on common man. It leads to CORRUPT and HIGH HANDED bureaucratic control- with so much leeway is left to HUMAN DISCRETION .
Automated Payment Transaction Tax (APT Tax) is another name for Banking Transaction Tax ( BTT ) . Let it replace the existent system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes .
BTT allows easier integration of businesses across the planet due to globalization and the technological advancement , with the outreach that banking sector today has. No spending will escape the eye of the Govt. This makes terror and subversion easier to control .
Certain critical items like acids, explosives , whole sale generic drugs , abortions , accident repairs to cars etc must be paid entirely by BTT as a mandatory rule..
Main sources of revenue on introduction of BTT will accrue from the millions of security exchanges that take place. There is fear mongering by vested interests that it will reduce the number of transactions within the stock market.
This is bullsh#t .
The tax is so small that it will be inundated by the fluctuations in price that typically occur during the trading process.
The boons of the BTT system translates to attracting foreign investment which will lead to a strong rupee. With lower taxes, people will save more, which will help the healthy banking sector to lend more at affordable rates.
Senior citizens and retired people who prefer fixed and secured incomes must be PROTECTED will sufficient bank interest rates.
Some dim-wits may wonder , what if I did small transactions daily only in cash less than the set higher ceiling of 3000 rupees. . Such hoarded cash will lose value due to externalities.
Also, who wants to evade a tax and forgo bank interest if the bank interest rate is DELIBERATELY kept a certain high level till the whole process is streamlined.? .
The best part is that there is NO change required with the current level of technology- collection of the tax can start immediately with some minor changes in the computer software of banks.
The collected tax can be tracked daily and there would be no need for complicated tax returns, thick books of tax compliance rules, huge multi layered tax bureaucracy , complex processes for tax compliance that intimidate tax payers .
It is 100% sure that much more tax could be collected considering the HUGE tax administrative costs would be eliminated. Common people have this PHOBIA with complex tax compliance rules and procedures .
This is what happens when you money is channeled into something , which your mind is loath to even listen to leave alone understand . BTT will make the same people breath free.
The people who run down BTT are the rich people who pay NIL income tax by subverting the system and bribing left right and centre. All salaried call will be winners.
Losers will be financial institutions and those engaged in high volume of transaction of financial assets- stocks, shares with deep pockets ( who dine in 7 star restaurants ) and those properties that are currently not taxed or minimally taxed.
Naturally- the potential rich losers who have NOT given their share in running the nation are expected to cry wolf.
Watch out for multiple endorsement of cheques to reduce bank transaction and avoid paying BTT. This r can be stemmed by treating each endorsement as a transaction for tax purposes.
Transparency in the economy fosters good governance . We can expect good growth in Industry, Agriculture and Service sectors.
The moment the home loan rates reduce the young generation will be happy. Why should only the super rich live well? A slimy breed who has been sucking blood off people will now have to find other jobs- yes the super rich tax lawyers.
They better understand this well. The thumb rule is when an oil well runs dry it must be capped.
CHAL DHAKKAN LAGANA CHALOO KARO ABHI SE HI , ALL YE BOSE DKs !
How much bharatmata has been bled by tax evasion and flight of capital!
All gold jewellery shops must be equipped with ATM swipe kiosks.
.
Below: A tapeworm in your stomach feeds off you, it is a PARASITE--just like your income tax consultant .
I guess even a retarded child knows that black money is generated and stashed abroad to avoid the Income Tax hassles in India. People are mortally scared to say “ I AM RICH” .
Are we free?
The parasite Icome Tax Consultant charges you, depending on how rich you are. Like the lawyer who looks at your shoes and watch before he says what his fees are .
THE BANKING TRANSACTION TAX MUST BE HANDLED BY INDIAN BANKS ( NOT FOREIGN ) .
INDIRA GANDHI WAS ASSASSINATED ( BY THE INTERNATIONAL BANKSTERS ) BECAUSE SHE NATIONALISED OUR BANKS - THE GULLIBLE SIKHS WERE JUST PAWNS .
SINCE THE NUMBER OF COMMENTS HAS EXCEEDED 200, CLICK ON LOAD MORE TO SEE THE BALANCE COMMENTS .
CAPT AJIT VADAKAYIL
http://ajitvadakayil.blogspot.in/2014/11/abolish-income-tax-in-india-have.html
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