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Little wonder India has to pander to other countries on many issues.
Little wonder India has to pander to other countries on many issues.
Ya'll Nibbiars Rental are already under the Income tax, and Pripert taxes are taken by the locql authorities.I am saying the same thing since few months here. We need to tax property especially the ones which have rental incomes. All the commercial and residential if taxed will bring in 10 Lakh crores to GOI which will massively give a boost to Government spending power.
Ya'll Nibbiars that's why we need the GJEPC park, Ratnagiri Refinery and Vadhan port to boost our exports, expect the GJEPC park which has progressed fast in last few months, both the other two projects are delayed by the Missionaries and the EnvironMentalists.
you are late ... this is already getting taxed...I am saying the same thing since few months here. We need to tax property especially the ones which have rental incomes. All the commercial and residential if taxed will bring in 10 Lakh crores to GOI which will massively give a boost to Government spending power.
you and me picked this write off....Is it normal? This is not waiving off.
Ya'll Nibbiars just a normal day in the banking sector, in simple words, banks write off loans, tax payees pays to off float the banks, Then the government prints more money, inflation happens and richer gets richer, poorer gets poorer, the Governments taxes middles class ease the inflation on the poor and then everyone says Maja di life.Is it normal? This is not waiving off.
All still exist but on very small scale....Folks what happened to that koutons cloth brand?
When I was smol boi I used to see it's stores at many places.
Many things are gone like that vishal mega mart (it was mostly based in north India)koutons, cotton county etc
@Kumata
Yes, they are taxed. But how many report their rental income and file taxes for the same? As far as I have known and seen, none pay taxes on their own until and unless they are deducted at the source. Only few of them pay taxes in order not to get in trouble with income tax authorities especially when they are dealing big amounts. And they are not paying full tax either. Giving all rental and commercial properties which have been rented a unique ID number like RERA and collecting taxes taking income from the property in the financial year would be a better option for GoI.you are late ... this is already getting taxed...
Anyone receiving a rental from a salaried employee, Same gets reported and income is reflected in form 26 of the landlord. You re required to give your landlords PAN card while claiming HRA above 8K per month.Yes, they are taxed. But how many report their rental income and file taxes for the same? As far as I have known and seen, none pay taxes on their own until and unless they are deducted at the source. Only few of them pay taxes in order not to get in trouble with income tax authorities especially when they are dealing big amounts. And they are not paying full tax either. Giving all rental and commercial properties which have been rented a unique ID number like RERA and collecting taxes taking income from the property in the financial year would be a better option for GoI.
We don't want to create a class of landlords who keep leeching off of the society every generation. There are property taxes and now we need GOI to effectively collect taxes on rent from residential and commercial properties. This will unburden the existing taxpayers.
yup... key is to use your Banks Native UPI not paytm or phone pe et all...Okay so charges will be imposed on wallet transactions and not on bank transactions through UPI.
UPA opened Indian market to Chinese exporter immediately after they came to power in 2004.From what I understand, Indian MSME used to manufacture such products for domestic market consumption and maybe markets in Africa etc ( I have Parle G biscuits heavily consumed in Kenya etc) but then UPA times opened the doors for Chinese products..Slowly slowly Chinese started dumping their goods on our market causing numerous MSMEs to close down.
With the global supply chains being disrupted and realignments of Globalization, there is going to be a resurgence of domestic manufacturing in the coming years. The gov is already giving various incentive to help MSMEs scale up in order to meet the demand and have export ready goods. FTAs with UAE, Australia etc will also help Indian manufacturers in the coming years..
From horse's mouth...Okay so charges will be imposed on wallet transactions and not on bank transactions through UPI.
Media creating a lot of confusion, glad they clarified.
Ya'll Nibbiars In the simple language:
zero processing fees, as far as customer is concerned.Ya'll Nibbiars In the simple language:
1 . Zero fees if you pay from your bank directly.
2 . Some fees if you load money into an UPI App and then make payments using that app for more than Rs. 2000.
still haven't bothered to check what exactly this entails since yesterday, it seems.
allow me to simplify :
- when paytm wallets are loaded from a bank account, paytm gives a small fee to the bank
- when paytm wallets are used to buy the listed items above, paytm gets a small fee from the bank, in paytm's case it could be paying itself because they also have a payment bank.
between wallet and bank, who ever is receiving the money is giving a processing fee to the other. for now user is not being charged.