Comments on: You, Me and Black Money http://themag.in/2009/09/you-me-and-black-money/ A Magazine for All Generations Sat, 28 Aug 2010 06:11:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Twitted by prii13 http://themag.in/2009/09/you-me-and-black-money/comment-page-1/#comment-274 Twitted by prii13 Sun, 06 Sep 2009 02:29:33 +0000 http://themag.in/?p=683#comment-274 [...] This post was Twitted by prii13 [...] [...] This post was Twitted by prii13 [...]

]]> By: NITYIN http://themag.in/2009/09/you-me-and-black-money/comment-page-1/#comment-272 NITYIN Thu, 03 Sep 2009 21:37:39 +0000 http://themag.in/?p=683#comment-272 And to add... we Indians are basically dishonest people... even if everything was honky dory... we still would find ways to cheat. I guess we still haven't got the pre-independence era when the govt. was the biggest enemy. Or there has been some serious lack in our education which turns us into looking for <i>jugads</i> And to add… we Indians are basically dishonest people… even if everything was honky dory… we still would find ways to cheat. I guess we still haven’t got the pre-independence era when the govt. was the biggest enemy. Or there has been some serious lack in our education which turns us into looking for jugads

]]> By: NITYIN http://themag.in/2009/09/you-me-and-black-money/comment-page-1/#comment-271 NITYIN Thu, 03 Sep 2009 21:31:22 +0000 http://themag.in/?p=683#comment-271 Govt policies are the biggest factor in creating this black money. There was a time in India when the govt under it's socialistic zeal over taxed the wealth. Any form of industry and other wealth creating avenues were suppressed by our Govt. This created a parallel economy and now when on the verge of bankruptcy the govt opened up the economy black money has assumed Frankenstein proportions! VAT is a good incentive for the govt. where it is not dependent fully on the bills raised. A trader has to declare goods in his possession and the tax is levied on this proportion. Now if the govt. were to keep a proper check, a trader has very less chance to under declare his goods. The amount of stamp duty on land deeds is ridiculous. One main reason a major portion of the transaction is done in cash. Govt policies are the biggest factor in creating this black money. There was a time in India when the govt under it’s socialistic zeal over taxed the wealth. Any form of industry and other wealth creating avenues were suppressed by our Govt. This created a parallel economy and now when on the verge of bankruptcy the govt opened up the economy black money has assumed Frankenstein proportions!

VAT is a good incentive for the govt. where it is not dependent fully on the bills raised. A trader has to declare goods in his possession and the tax is levied on this proportion. Now if the govt. were to keep a proper check, a trader has very less chance to under declare his goods. The amount of stamp duty on land deeds is ridiculous. One main reason a major portion of the transaction is done in cash.

]]> By: Amit Gupta http://themag.in/2009/09/you-me-and-black-money/comment-page-1/#comment-270 Amit Gupta Thu, 03 Sep 2009 16:53:17 +0000 http://themag.in/?p=683#comment-270 Nice Article Sayan. Keep going man , would love more of your articles. Another Lokesh in the making...:) Nice Article Sayan. Keep going man , would love more of your articles. Another Lokesh in the making…:)

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