Who are actually middle class of India ?
I am really confused to get the ideal answer of it.
Because in village there is only a class that is caste...
Most of the rich (as per village standard having acres of land, home, Cars, and non tax incom
Here I agree a lot's... And their is too much misunderstanding due to which most of the people India don't pay taxes... There should be upgradation in tax slab and geniune tax collection.
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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0 replies1 like
Chamarti Sreekar
Passionate about Pos... • 3d
For a 1 crore income,
A farmer pays zero taxes.
A street vendor pays zero taxes.
A corporate pays 25L on profits.
A salaried employee pays 31L tax on income.
When will everyone pay their fair share of taxes?
any ideas how can it be fixed?
2 replies19 likes
Ashutosh Mishra
Chartered Accountant • 1y
GST Thread 2
What GST brings along with it -
1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation
Example - If I purchase plastic fr
Simplifying Taxes on Stock Trading: FY 2024-25 🧾📊
Taxes on stock trading can feel daunting, but a clear understanding helps you keep more of your gains! Here's an easy-to-follow guide:
📈 Long-Term Trading
- ⏳ Holding Period: Over 12 months
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2 replies2 likes
Gokul sai ATTULURI
•
Audisankara College of Engineering and Technology • 11m
Can anyone explain these to me we buy car and pay taxes on it and also pay toll tax on it and again use petrol which is taxed why are we paying these? Can anyone explain.
4 replies2 likes
CA Kakul Gupta
Chartered Accountant... • 1m
Summary of action points Before March 31, 2025
✔ Review tax-saving investments.
✔ Pay pending taxes/advance tax.
✔ Submit investment proofs to employer (if salaried).
✔ Plan capital gains/losses for tax efficiency.
✔ Update financial records for the
Here’s a real- lesson from July 2024: Many salaried employees, while filing their ITR, realized too late that they had missed out on crucial tax planning and investment opportunities because the financial year had already closed.
Don’t let this hap
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0 replies5 likes
Hiral Jain
Content writer • 12m
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
The Institute of Chartered Accountants of India • 3m
You still have to pay taxes if your income is below 12Lakhs.💀
Let’s talk about a crucial detail in the recent Indian Union Budget that many people are overlooking. If you’re already aware, great! But if not, this is essential to know—otherwise, you
