Wednesday, 31 August 2016

Black money: 300% rise in raids

Black money: 300% rise in raids, seizures by income tax department

                                                                                                                                                                 



Does it not tip of Iceberg when we look towards the indian economy  & the size of economy $2.1 trillion.on 8th rank we will definitely rest ashoor that this is tip of Iceberg .

The  machinery of identifying black money is also part of the holding even it is common discussion previously that when such reads are made there is always a settlement of 60:40 ( we don't know today's ) looking towards this trend the government lossed 40 percent more tax on the seized amount.

As common man when we look towards these black money holders we can count in these people in an around us.

In our opinion still sizer is not the solution to a problem ,we need to simplify the tax structure with  reduced rates & easy settlement.

Yes the current  government is marching towards this goal but they need to identify culprits within the systems those who are still holding the old raga as Taxpayer is culprit.


Due to digitalisation many thins are getting smooth but still when we enter the to office   we get a same experience as previous table & chairs are may be more attractive the office interiour may be more decent but the person's mentality who is sitting on the chairs are yet to be changed government need to work on the same .

One thing I should clear that yes now higher authorities have got the message very clear & loud, they are changing luckily for this government they are able to find  dashing honest officer at higher levels now the government should look on 2nd & 3rd row.

As common man we should also need to change ,we should not pursue our illegal work by hook or crook ,we try to complete our work by legal way with proper systems.  

         If we do not change system will not 

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