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Suhana Khan buys 3 houses for Rs 12.91 Cr as an agriculturist!
She became an agriculturist as she registered it as farmland under Deja Vu Farm Pvt Ltd, owned by SRK’s sister-in-law and mother-in-law.😅
Alia Bhatt bought an apartment for Rs 37.8 Cr under the name of her production house.
She got a tax relief of 25% due to her company and a 1% discount for being a female buyer in Maharashtra.
Both actresses did it for tax benefits, liability protection, and privacy.
KL Rahul and Athiya Shetty received gifts of Rs 55 Cr but paid 0 tax as marriage gifts aren’t taxable!
BCCI made Rs 24195 Cr from only IPL rights but paid 0 tax because it’s a charitable organization!😂
As world's richest cricket board, it said to promote cricket as biggest religion of India, so it doesn’t fall under taxes.
Even Indian Govt don’t tax religious institutes and trust who has the biggest treasuries in the world.
Today, 670 million Indians who belong to poorest part of population, pay 64% of total tax.
Such as they paid Rs 14.83 Lakh Cr in FY22!🤯
33% tax came from middle class.
Even Lower and middle class even pays 6X more indirect taxes in comparison with richest people.
Finally, top 10% of Indian population owns 77% of country’s total wealth ($660 billion) and pays only 3% of tax.
If BCCI had given taxes every year, Indian Govt would have earned all taxes which citizens have given in last 15 years.🤷
Here are 3 ways how celebrities take benefit of income tax loopholes in India:
1. Fat Weddings:
Though Section 56 (2) of Income tax covers taxability on gifts from family, friends, or relatives, it leaves wedding gifts out.
2. Brand endorsements:
Celebrities have skipped taxes as sponsorship services in brand deals while they should be liable to pay taxes.
3. Cash and Gold:
Popular personalities like influencers and actors often keep their wealth in the form of cash and gold.
Such as, Income tax department conducted raids in 35 places in South India and found huge proofs of tax evasion.
PS- Despite a lack of proper healthcare, education, and food, India’s poor population struggles to pay taxes and riches enjoy gaps in the system.
It’s high time Govt of India come up with a solution!
Isn't it a serious issue?
Can the Indian Govt bring equality to income tax system?🇮🇳
(Credit:Debonkar Roy)
She became an agriculturist as she registered it as farmland under Deja Vu Farm Pvt Ltd, owned by SRK’s sister-in-law and mother-in-law.😅
Alia Bhatt bought an apartment for Rs 37.8 Cr under the name of her production house.
She got a tax relief of 25% due to her company and a 1% discount for being a female buyer in Maharashtra.
Both actresses did it for tax benefits, liability protection, and privacy.
KL Rahul and Athiya Shetty received gifts of Rs 55 Cr but paid 0 tax as marriage gifts aren’t taxable!
BCCI made Rs 24195 Cr from only IPL rights but paid 0 tax because it’s a charitable organization!😂
As world's richest cricket board, it said to promote cricket as biggest religion of India, so it doesn’t fall under taxes.
Even Indian Govt don’t tax religious institutes and trust who has the biggest treasuries in the world.
Today, 670 million Indians who belong to poorest part of population, pay 64% of total tax.
Such as they paid Rs 14.83 Lakh Cr in FY22!🤯
33% tax came from middle class.
Even Lower and middle class even pays 6X more indirect taxes in comparison with richest people.
Finally, top 10% of Indian population owns 77% of country’s total wealth ($660 billion) and pays only 3% of tax.
If BCCI had given taxes every year, Indian Govt would have earned all taxes which citizens have given in last 15 years.🤷
Here are 3 ways how celebrities take benefit of income tax loopholes in India:
1. Fat Weddings:
Though Section 56 (2) of Income tax covers taxability on gifts from family, friends, or relatives, it leaves wedding gifts out.
2. Brand endorsements:
Celebrities have skipped taxes as sponsorship services in brand deals while they should be liable to pay taxes.
3. Cash and Gold:
Popular personalities like influencers and actors often keep their wealth in the form of cash and gold.
Such as, Income tax department conducted raids in 35 places in South India and found huge proofs of tax evasion.
PS- Despite a lack of proper healthcare, education, and food, India’s poor population struggles to pay taxes and riches enjoy gaps in the system.
It’s high time Govt of India come up with a solution!
Isn't it a serious issue?
Can the Indian Govt bring equality to income tax system?🇮🇳
(Credit:Debonkar Roy)
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