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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Forwarded from ABC ABC
RBI Grade B Phase 1 Admit Card Out! https://ibpsonline.ibps.in/rbioapr23/reca_jun23/login.php?appid=dc3f6e2c095e6f51bbf36a629a46841b
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Let’s take the story of India’s unluckiest investor!
She manages to invest Rs 1 lakh each year in the Sensex on the day the markets hit their 52-week high (highest point of the year) starting since 1992.
She does this year after year, somehow managing to be unlucky each year. But she does not sell, but continues to hold the index over time. As of yesterday, her total investment into the Indian stock market’s most famous broad-market index was Rs 30 lakh and the value of her investment was Rs 2.30 crore. That’s right. The worst possible outcome, if held tightly over time, has given an 11% average annual return.
This includes two years in which her money was reduced to half or less. In 1992, she invested at a high of Sensex value of 4,547, and closed the year at 2,615. 2008 was far more brutal, a high of 21,207 was reduced to a low of 7,697, and a closing annual value of 9,647. Her money survived this bloodbath and kept its head over inflation and taxes.
The markets, long-term, go up in a growing economy. If you keep sitting in the sidelines waiting for a ‘low’ you will keep missing the flight. Do you know who has made money in the latest stock market high? It is not the big foreign suit of an institutional investor. It is not the HNI who is too smart for his own good. But the retail investors who have approached the market with a systematic investment plant and have remained invested. They have trumped the big money.
- Monika Halan
She manages to invest Rs 1 lakh each year in the Sensex on the day the markets hit their 52-week high (highest point of the year) starting since 1992.
She does this year after year, somehow managing to be unlucky each year. But she does not sell, but continues to hold the index over time. As of yesterday, her total investment into the Indian stock market’s most famous broad-market index was Rs 30 lakh and the value of her investment was Rs 2.30 crore. That’s right. The worst possible outcome, if held tightly over time, has given an 11% average annual return.
This includes two years in which her money was reduced to half or less. In 1992, she invested at a high of Sensex value of 4,547, and closed the year at 2,615. 2008 was far more brutal, a high of 21,207 was reduced to a low of 7,697, and a closing annual value of 9,647. Her money survived this bloodbath and kept its head over inflation and taxes.
The markets, long-term, go up in a growing economy. If you keep sitting in the sidelines waiting for a ‘low’ you will keep missing the flight. Do you know who has made money in the latest stock market high? It is not the big foreign suit of an institutional investor. It is not the HNI who is too smart for his own good. But the retail investors who have approached the market with a systematic investment plant and have remained invested. They have trumped the big money.
- Monika Halan
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Forwarded from Sonali Kothiyal
Heartiest Congratulations if you cleared the IIFCL Grade A 2023 exam 🎉
It's time to get ready for the interview 🗣
3 things to keep in mind ⬇️
👉 Body language
👉 Communication skills
👉 Confidence
Master all of these through a mock interview with our expert panelists 👩💻
Get guidance on the possible questions and prepare 50% faster 🏃
Enroll Now: https://www.ixambee.com/cart/609?redirect_to=online-course/iifcl-grade-a-interview
It's time to get ready for the interview 🗣
3 things to keep in mind ⬇️
👉 Body language
👉 Communication skills
👉 Confidence
Master all of these through a mock interview with our expert panelists 👩💻
Get guidance on the possible questions and prepare 50% faster 🏃
Enroll Now: https://www.ixambee.com/cart/609?redirect_to=online-course/iifcl-grade-a-interview
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💥💥💥💥💥Very Good News for NABARD Grade A and NABARD DA Aspirants: Now there is parity with RBI means now NABARD employees will get same salary like RBI Employees!
Note: Some other allowances which are not directly part of salary a calculation might be different but salary part will be same, in recent salary negotiations it was not there so there was very strong protest from NABARD employees now the top management and government of India have agreed!
So congratulations to all existing employees and those who want to become NABARD Grade A, B or DA in future.💥💥💥💥💥
Note: Some other allowances which are not directly part of salary a calculation might be different but salary part will be same, in recent salary negotiations it was not there so there was very strong protest from NABARD employees now the top management and government of India have agreed!
So congratulations to all existing employees and those who want to become NABARD Grade A, B or DA in future.💥💥💥💥💥
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