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RANBIR left KAT's flat right b4 IT RAID PG 56 (Page 17)

petticoat IF-Stunnerz
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Posted: 26 January 2011 at 2:37pm | IP Logged
Originally posted by mogliF21

Originally posted by bandicoot




actually it is a possibility..Indians have the largest unaccounted investment in gold jewellery

LOL


if everybody INSISTS on getting a receipt for the jewellery they buy and they paying tax for that money, india might be the richest indeedLOL
erm, don't they pay VAT for that!Confused


apparently no.. if they sell you jewellery without the receipt, it is unaccounted money.

if the jewellery house has their own factory, they just balance up  "wastage" to add up

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qwww-Mmmmm-bamboocopter

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Posted: 26 January 2011 at 2:38pm | IP Logged
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U-No-Poo IF-Sizzlerz
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Posted: 26 January 2011 at 2:42pm | IP Logged
I think the tax rate for gold is slightly higher (and in proportion to the quantum one buys) since it's a capital asset. 

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Posted: 26 January 2011 at 2:45pm | IP Logged
The tax that is collected today  - if atleast 50% of it was actually used for infrastructure development India would do very well. The sad part is not even 15% of the funds actually go to the task that they are asiigned to. The politicians are so greedy  and acquire so much wealth that more than 4 generations of their family can live a life of luxury. Still they want more.

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Posted: 26 January 2011 at 2:48pm | IP Logged
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Posted: 26 January 2011 at 2:49pm | IP Logged
Exactly... qwww... Look at whats happening to the Karanataka CM... The amount of land scam he and his family have done...
 
Not just him... All the politicians... Its just that with greedy he was dumb enough to get caught...

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petticoat IF-Stunnerz
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Posted: 26 January 2011 at 2:55pm | IP Logged
taxes are really a complicated subject ji

i didnt knw abt the tax selling aspect.


there is a tax for gifts too....sachin tendulkar never paid taxes for his multicrore ferrari..did he?

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petticoat IF-Stunnerz
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Posted: 26 January 2011 at 2:57pm | IP Logged
Originally posted by -Maddy-

Exactly... qwww... Look at whats happening to the Karanataka CM... The amount of land scam he and his family have done...
 
Not just him... All the politicians... Its just that with greedy he was dumb enough to get caught...


look at the TN CM, his grandsons and grand nephews own the biggest television network in southern india, use it as a propaganda machine, own tons of unclaimed land all over TN, own print media..never left evidence...or mostly avoided leaving evidence... oh they own a couple of production houses too

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