Back to feeds

Hiral Jain

Stealth • 5m

Arey Mubarak Ho aapki lottery lagi hai, woh bhi 1cr kii!! We call this transfer payment in economics, it means the income that a person gets without providing service/goods. We all know that all of our income is calculated in national income irrespective of the fact whether we received it or not, but here is the twist it also excludes all the transfer payments that a person receives. Secondly, we all pay taxes on our income transfer payments also, But the mystery is you will pay tax on your lottery as it's your income but it won't be counted in national income. So there you have it, a little insight upon transfer payment and taxes. Until next time!

4 replies12 likes
Replies (4)

More like this

Recommendations from Medial

Ghost

Stealth • 2m

[This post has been deleted by the creator]

0 replies3 likes

Aryan Chaurasia

Stealth • 4m

While we talk about the payment gateways and payment solution providers in India, we talk about how Razorpay & PayTM revolutionized the payment industry in India and forgot to mention Juspay, the payment aggregator used by almost every company that r

See More
0 replies2 likes
Image Description

Ashutosh Mishra

Stealth • 5m

Income Tax Old Regime vs New Regime All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.

1 replies5 likes

Mr Z

Stealth • 7m

What's a scam that's so normalized that we don't even realize it's a scam anymore? Me- Taxes. Once you tax the income, why is there a tax again in the name of GST? Whatever the shop / company earns they can give it as income tax. This approach n

See More
0 replies7 likes

CryptoMYN

Stealth • 3m

Hello everyone how are you all. Join us on our journey to bring the best and efficient way to transfer crypto we are trying ( working ) to minimize the transfer cost and reduce to Zero. Interesting right😉!

0 replies2 likes
Image Description
Image Description

Hiral Jain

Stealth • 7m

Hey there, folks! Did you know that countries have not one but three methods to calculate their national income? And each method is unique in its way. The method used to calculate a country's GDP is the Product Method, also known as the Value-Added M

See More
13 replies17 likes
3

PRATHAM

 • 

Medial • 5m

Petrol Should Be under GST or VAT and Excise ⁉️ Ever wonder why filling up your tank feels like emptying your wallet? Because of high taxes Right Now, Tax system on Petrol is more complicated than understanding how AI works. It is under VAT and Ex

See More
0 replies8 likes
Image Description
Image Description

Laila

Stealth • 7m

Is it code through which games let us buy token money and use it within our app ,or is it some razorpayx (some payment gateway) which helps us to this Also how does Amazon wallet work ,what technology do they use (again is it code or some payment ga

See More
2 replies8 likes

Romi Kumar

Stealth • 5d

🚀 We're Building the Future of Payments with Neobiz Payments At Neobiz Payments, we’re revolutionizing utility services, bill payments, UPI collection, bulk payouts, and software solutions with cutting-edge technology. Our secure and efficient pay

See More
0 replies6 likes

Vishesh

Stealth • 1m

[This post has been deleted by the creator]

0 replies3 likes

Download the medial app to read full posts, comements and news.