Discover and read the best of Twitter Threads about #TaxTerrorism
Most recents (5)
#BRILLIANT #ANALYSIS
How many People get impacted by #taxterrorism of Newly implemented #TCS (Tax Collected at Source)?
ONLY 4.3 MILLION FAMILIES
That’s JUST 1.2% of INDIAN FAMILIES …. basically the TOP end of
How many People get impacted by #taxterrorism of Newly implemented #TCS (Tax Collected at Source)?
ONLY 4.3 MILLION FAMILIES
That’s JUST 1.2% of INDIAN FAMILIES …. basically the TOP end of
India’s Travelling Abroad in 2019 has Still NOT been exceeded, so let’s use that Number. Indian who Travelled OUTBOUND in 2019 was just 27mn. 
Charts of Indians Travelling Overseas
Chart 1: Annual Trend
Chart 2: Percentage of Women & amen
Chart 1: Annual Trend
Chart 2: Percentage of Women & amen
82/n https://t.co/5g9SWoalWE
83/n #SupplyChain #Diversification => #IS (= Import Substitution) & #Industrial #Policy:- https://t.co/EdXjCRd7Pd
#CorporationTax #AltSarkar's view and commentary.
First the good news: FM @nsitharaman’s corporate tax cut is a clear sign that #ModiSarkar is worried about the state of the #Indian #Economy. That’s good because it means she acknowledges the scale of the #budget2019 cock-up.
First the good news: FM @nsitharaman’s corporate tax cut is a clear sign that #ModiSarkar is worried about the state of the #Indian #Economy. That’s good because it means she acknowledges the scale of the #budget2019 cock-up.
Now the bad news: a day earlier, @RBI Governor, @DasShaktikanta, said that the Government’s fiscal space is limited. This means: don't cut taxes, don't spend more than budgeted. He also said, spend resources 'fruitfully' i.e. to get the 'most bang for your buck'.
And now the even worse news: this 1.5 Lakh Crore tax giveaway is neither necessary nor sufficient, in and of itself, to solve the problem that spurred it - the slump in economic growth. Like antibiotics that neither help a common cold, nor make the body stronger. Here's why
@narendramodi @PMOIndia I am a digital entrepreneur who for last 2 years has been struggling with #AngelTax. Even after CBDT exemption cases r not getting disposed favorably by CIT(A).
I believe only u can now help the startups. I am requesting a meeting to hear & help us. DAY-1
I believe only u can now help the startups. I am requesting a meeting to hear & help us. DAY-1
Our companies are slapped with tax+ penalties where investment is treated as income purely on AO's discretion on valuation. CITs rejecting appeals after CBDT exemptions. We need help otherwise India will miss the startup bus. PLease help - @narendramodi @PMOIndia : DAY-2
Our TDS returns r getting adjusted against the outstanding demand even when the appeal is in progress. How do we focus on our business while our energy is getting sapped running pillar to post bcos of unjust #AngelTax Pls help @narendramodi @PMOIndia DAY-3
1/ Most people have been watching in shock as the story of dreaded #AngelTax reared it's disgusting head. Freezing the accounts of startup @Travelkhana and @babygogo_in has resulted in an uproar across India's startup community, calling for #ShutdownIndia
2/ Though the Central Board of Direct Taxation (CBDT) has released a circular claiming that the officer in charge of this particular case did everything by the book. Founder of @Travelkhana, @pushpinder has disputed the story, claiming the officer rushed the case through.
3/ Regardless whether the case was rushed through or not, is almost irrelevant because in any logical, normal universe, the case shouldn't exist at all. Period!
