March 02, 2015

Vote Banks' Wealth Cannot be Black

The Saying Rich Man 's Joke is Always Funny is , now , amended to Vote Banks Money Can Never be Black..

Govt should , first , treat all categories of Indians equally and fairly. At present , Agriculturists ( including Super Rich Farmers ) pay no taxes . Only those who pay have their incomes and wealth termed as Black. Also , bribes are taken in cash and the recipients do not pay Income Tax on these.


new post

November 16, 2016

Check Fresh Generation of Black Money

Currency / Cash does not necessarily Mean Black Money,
Reduce Taxes

Reduce Stamp Duty on Land Registries.
During British Times , Land Registration Rates were around 1 to 2 %. ( Now , they are 7 to 10 % ).
Earlier there was Law of Pre Emption ( Haq -shoofa ) where land owner of contiguous property could acquire the sold land at Land Registration Rate + 10 % or so.
So , to prevent Pre emption and take advantage of Low Stamp papers , many times Registrations in British times , were done at higher rates than the negotiated rates ( opposite of today )


November 12, 2016

Actual Tillers Are The Only Real Farmers

What about money laundering done by Rich / Super Rich Farmers ? 

They do not pay any tax . 

Money laundering of  ftheir  other incomes as agricultural income.

 Income Tax exemptions are only for Actual Tillers ( Plough Weilders ).

 But , in states like Punjab , Rich landlords give their land on Lease ( Theka ) to the landless cultivators. 

These absentee landlords pocket the Theka money as Tax Free.

 Govt should take against those Revenue officials ( Patwaris ) who show absentee landlords as actual tillers in the Girdawaris.

Many NRI s who have not set foot on India for many many years are shown as Tillers . They take the benefit of Free Electricity / other freebies while negotiating Theka s.


Check Black Money in Politics / Elections

 Hold Elections every 3 Years.
In the USA tenure of President is for 4 years.
5 Year tenure in India was decided up on 64 years ago and when votes were cast on Ballot Papers.

Election costs, now , can be reduced to a minuscule if voting is done byMobile Phones.
The expenditure thus saved should be used to give free mobile phones to those Indians who do not own one.

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