Indian Govt.’s next move to reveal Tax Evasion? Discussion by CA Sahil Jain
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- Опубликовано: 11 ноя 2022
- In this video, we've taken up a case study to discuss what the next move of Indian Govt. could be to unearth the black money of its citizens and in turn, penalize the tax evaders.
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Most of the corrupts are sitting in govt offices only😄
Absolutely
are you living in 2004?
Rishwat
Pls give some example
Dont make baseless alegations if u dont have proof
@@anantsharma4584 Do live in Godi media propoganda world ?
Taxes are already very high in India, if govt uses all the ways to catch taxes then definitely more and more people will leave India as there are no benefits given to citizens in return of those taxes.
Moreover taxes must be paid by politicians also govt should check their expenses also.
🙏❤️❤️
Exactly.
in other countries it's even more
@@anubhavtomar3499 🙏
@@pranomadityagogoi8046 तो हम भी वही करे वो दरिया में खुद ना चाहते है तुम भी खुदको झोंक दोगे क्या 🤣😅
In my opinion, govt should think to lower tax rates & increase penalties even more which might encourage people to not to conceal their income and threaten at the same time with the amount & extent of aforesaid penalties and punishments.
your opinion doesn't matter brokie
Increasing penalties will create more burden on already over burden middle class
Great idea. But, how would you impliment it? Lowering the tax still won't stop the people because they don't wanna pay even when the penalties are increased simply because of less raids are taking place because of a lack of system to find out the evaded tax money.
Bro tax dena ya naa dena ek mentality hai! Even if tax rate gets lower but jiske khoon me basa hai ki nhi pay kruga tax to vo 1 crore kama kr bhi 1 lakh rupees ka bhi tax bharna nhi chahega! And Rahi baat penalties ki, do you think vo km hai?🙂
Corruption will increase if the penalties increases
Only way to change the mindset of Indian citizens is if government brings transparency in their expenditure.
Tax, if it benefits the payer directly, in his area, is more than welcome. Mere se Mumbai me tax leke, Mizoram me kisi ka putla banaoge, toh kyon denge ek paisa bhi?
No correlation whatsoever
Those who don't pay taxes don't care about anything at all
@@jaishetty8586 benefit bhi milega pehle jyada log tax to de.
@@jaishetty8586 kiska putla bnaya bhai. also it is govt reposnsibility to spend more on under developed areas to uplift those areas. so u cant say ki tax collected in Maharashtra shouldnt be spend somewhere else.
Informative video but believe me .. even if govt is aware of black money transactions they are ignoring. Eg. Openly across Hyderabad any property sold has a black component (some of these properties are owned by govt associated people like MLA, corporators too). Banks are well aware of this and have all evidence because loans are disbursed on agreement of Sale which is like the MOU between buyer and seller which is taken by bank and loan is approved on this value. But when the sale deed is registered the amount is only 50-70% of the deal value. Government looses stamp duty and black money proliferates. All land owners are selling flats at only 50% white. All remaining 50% black is not disclosed and capital gain tax is evaded. If this is being done openly across the state and all officials are aware .. why create this smoke and mirror .. instead go take all agreement of sale copies from banks OR track the selling rate vs registration rate to better detect the generation of black money by means of property deals which is one of the top most sources to generate / mobilize black money.
you cannot do such a thing in other state where sale deed value is less than agreement to sale value on which loan is taken.. Generally agreement value equal to sale deed value..i dont know how it is happening in ur state..or .you saying telangana government has made such laws in state so that peaceful community which is in abundance in state can evade taxes using this ...such a shame...
@@gauravgoel9080 Are you sure it is the "sale deed value less than agreement to sell" or Sale deed value less than the "market value"?
Let me share some specifics for your understanding. A buyer purchases an under construction property from builder and as per state laws registration is to be done at time of possession. So an agreement of sale is created (similar to MOU but not the sale deed for registration). The buyer can choose to pay CLP payments from self funds or share the agreement of sale with bank to raise loan. For our understanding let's say the property was purchased @7000 per sft. When the project is completed, the going rate is now 9000 per sft. The buyer finds a new buyer and sets the white component @ 7000 per sft and black for the remaining 2000 per sft. A triparty agreement of sale is created between builder, old buyer and new buyer clearly outlining the arrangement of 7000 white and 2000 in cash or bank payment to old buyer. Old buyer gives transfer fees to builder who now makes some extra bucks to facilitate this change of buyer The new buyer submits this tri-party agreement (which will never be registered) to bank and bank approves loan basis 9000 per sft selling price and buyer eligibility. Once loan is disbursed, a sale deed is created between builder and new buyer at 7000 per sft and on date of registration, bank person comes with check and hands over the check to old buyer. Essentially the registered sale deed only has 7000 per sft and SD is computed on 7000 per sft only but the old buyer realised Money at 9000 per sft, paid the builder for transfer and approx 2K per sft becomes black money with no SD or capital gain implications. If you apply for loan across Telangana, banks ask you what is agreement of sale value and what is the sale deed value as banks are well aware of this arrangement. Now consider that there is no old buyer but the flats are land owner share who were given these in lieu of payments for the land given to builder to make complex, these land owners take 50% black. Case in point: Gachibowli area which is the IT corridor, 3BHKs are sold for 1.6-2.0 cr. Subject to area, but of you pick any of the sale deeds, deals by individual investors will show registered value as 1.2-1.3Cr generating 40-60L black and land owner sale deeds wil have registered value as 0.8-1Cr (exactly the ready reckoner value) and rest 0.8-1 Cr as black. Wish government saw thru this as really did something to control black money in the state
@@adityamundhra3016 @Aditya Mundhra actually bank gives loan on only value of agreement to sale which is equal to sale deed.. Whatever be the actual sale /market value be..(generally market value is higher than agreement value (hence black money). It happens everywhere... and everyone is aware of this.. There is no right way to detect the transaction value happening in cash. Here in our state, banks does not give loans on MOUs..it gives loans on the actual sale deed amount /registration amount.i dont know how it is happening in hyderabad as mentioned by pradeep khabrani that is why I commented..i meant to say ki Banks are not aware of this and cannot do something if some transaction is happening in black/ It is not recorded anywhere or is shown to banks.
@@gauravgoel9080 But even the actual sale deed doesn't capture the full value at which it is actually sold. actual sale deed might be 50L whereas Sale price agreed upon might be 1CR.
Government won't do that because many politicians will get caught.
Most of the tax evasion is done in real estate sector every body knows that still government is quiet only because politician will get caught.
India doesn't need another demonetisation just make it Compulsory for every transaction above 10000 require Aadhar or PAN
Specially Properties should be linked to PAN or Aadhar will Solve most of the Problem.
Very true
Actually aadhar and pan is necessary above 50000 and still most of the transaction is done via physical notes , so yeah the remedy you're suggesting is failure
In fact govt should roll out currency not more than 100 rs so that hiding huge amount will be pain in ass , not perfect tho *as they may accumulate gold or other assets* but a way to limit people to use currency and more via banking transactions
@@lilu2580 what i am suggesting is make it mandatory to seller to report transaction with aadhar or PAN. It doesn't matter the payment is in cash or bank transfer.
@@Prem98 right
Properties are already sold using PAN only
Make PAN mandatory for iPhone purchase and tax payers will double 😂😂
Ye sahi tha🤣🤣😆😆
Phone chalu karo sim dalo to automatically aap track ho jaoge. Adhaar card ke through
That's why I love infotainment over entertainment.
Chikku be like :- hamesha main hi kyu 😂😂
Sir.. as always.. Impressed by your Amalysis. But, I have a question., the big players,. They dont store huge chunk of cash for purchasing via flipkart and other medium. . they always invest in Real Estates where there is scope for Huge cash transactions and they register the property at government value. How this is tracked? Pls make a video on this too.
according to budget of 2021-22 government earns 22,17,029 crores though tax payers in 1 year.
list of peoples who flee with Indias money
1)vijay mallya-9000 crores
2)mehul choksi-7000 crores
3)jatin mehta-6500 crores
3)nirav modi- 11000 crores
4)nitin sandesara- 5300 crores
also dhfl bank scam- 34000 crores
these numbers speaks itself who needs to be arrested.
Total isn’t even a drop in the bucket compared to total tax and most of the money is in collateral. Only issue is archaic courts taking too much time to siege money from them
@@sa34w then who is stopping them and why are they collecting from us insted of them.
@@shrikantpawar4055 because they are in another country or they got bankrupt
Jab hai nhi to dega kaha se
Uski property accqure karne par bhi nahi mil rha to
sir you are providing awareness to the non tax payer's 😂😂
😂🤣
This is INDIA!!!
Here Audi bmw owners are having ews and ncl certificates 😂
If they want to increase tax collections, they better start focusing on ways to get the rich farmers to pay tax. But not to put more and more burden on working class. We salaried class have been paying our taxes and what did we get in return ? Nothing but roads full of potholes, streets full of filth, substandard health/education facilities and what not.
Usi ke taraf krishi kanoon phla step lia tha dekha kya hal hua😂
Taxing farmers can't happen as they are vote bank.
@@SrinivasKompella I know. Salaried class is doomed that's why
Touch the farmers, and this time they won't let the convoy slip, like they allowed last time. Phir mat bolna, bataya nahee thaa.😂
Farmers are not the target... Businesses can earn the way you can't even compare.
And as he said Govt is collecting data.
Wouldn't that cause reduction in demand?
Price would increase for used cars electronics etc
I don't know about cars but in case of mobile it would increase the demand for low cost models for correct number use while high end phones would be used for daily use. Increasing demand for mobile phone nonetheless.
No not at all. 1.5 Lakh value phone buyers know very well. They know the rules and how to circumvent them. So they take proper precautions.
Sir you are as always the best in explaining the case studies like this .
thankyou sir for giving such a valuable information to us .
In tech field I dont think explaination will be difficult. "Those are the purchases for my multiple friends who had not a prime membership, with prime they giving additional discount thats why i paid for him"
Sir ,rather than those companies sharing customer data like mobile number with government (as a matter of privacy concern) ,couldn’t the selling outlets ask the customers to quote Aadhar or PAN in circumstances of cash purchase (over a certain limit., just like cash payment in restaurant exceeding 50000). In my opinion the latter would be feasible to adapt
Better way, do both what you and sir mentioned. It will be a double check measure then. Privacy can be ignored for national interest matters. We need an aggressively strict tax regime.
Privacy is not a point of concern for high value transactions anyway. Eg.if any person is buying cars, phones or luxurious items only through cash mode, and the same transaction is reported to govt. I don't think there is any evasion of privacy as if the transactions are known to any person, I don't think he would have any problem with that unless he has done the transactions utilizing the black or illegal money.
Govt needs to be careful because when such moves comes in income of corporates goes down and then they go into appeasing corporates lowering their taxes,
The govt. Expenses are the ones requiring real scrutiny as well
@@_Mohit_Joshi no privacy can not be ingored for tax means the amount of tax money already going is insane
It’s shameful
One point to consider here. If I insert my SIM on multiple devices, that doesn't mean I have purchased them all. May be I am just checking my card on another device.
registeration happens throught first sim inserted in the phone
@@anubhavtomar3499 Ohh ok. Thanks!
First Sim daadi ka dalo... Do din baad change karlo 🙂
SIM and mobile phone instrument both are fully tracked . Purchasing and using are two different things and simple using also can give a trigger or hint . So don’t be under the impression that you can get away with this .
Latest example is the investigation in Delhi of the Liquor Scam . The people under investigation bought and used and changed and destroyed 170 sims and Phones to dodge ED. But ED has recovered around 17 phones .
Phones and sims can be precisely tracked .
One person lost his phone in a foreign country. The phone was finally tracked back to him in India.
@@aman_modi please don’t be under wrong impression. Every time you put your sim in a different phone instrument it is recorded and reported . You can see a message in settings where it shows a message last used on so and so phone.
Each phone has a unique number called IMEI number which allows it to be tracked .
If not tax the internal security system will flag you off if you frequently change your instrument.
Nice hypothesis...I have never seen GST receipt from
1. Small restaurants/hotels
2. Stationery shop
3. Sanitary stores
4. Hardware stores
5. Small tyres shop/small parts shop
6. Scrap dealers/Kabari
7. Garages
8. Car wash
9. Bakery
10. Dairy farm... Except no.2 all are millionaires but never give any receipts and 99% black. They use basic phones but hold many properties in names of family members etc.
So govt will get data of their family easily if 10 . members in a family owns property total costs 5 crore
And income is shown only 4 lakh yearly
And most property are bought in last 4 years then govt could easily caught them
@@legendtecher I am talking about all small & medium basic lala businesses whose turnover or profit is way above 6 cr or 10 cr they pay zero or very little tax inspite of so many efforts by Government.
@@legendtecher Income and buying property is very different.
One can easily buy property of over 5 crore by selling past owned property and having zero income like land.
There is nothing illegal in it.
Land prices in vidarbha sky rocketed after Late Atalbihari Vajpayee came to power.
It started with Nitin Gadkari's ambition to give flight to Nagpur and almost all regions of Vidarbha rose like a pheonix bird.
Property rates that were in 50,000 rs per acre in 2000 went to over 2 million rs per acre within 20 years
Also many many people own ancestral land.
@@nochance3914 govt would easily validiate it
They know when you buy property and in how much you buy
I am saying in last 4 years a family buys several properties and sell nothing
Govt have all these data easily
And govt know that what is your work
There are some works in which tax could be saved
Govt only targets them
Bhai don’t worry. All these categories listed by you are slowly being brought in the net. Day by day things are getting tight. These all are now covered by GST and GST is linked with PAN and Adhaar. You can see from the GST collections.
From all directions all the non tax payers are being brought in the net.
Tax reforms, GST ,Banking Reforms, and now Monetary reforms including UPI and E Rupees all are leading to it.
Very well explained, Government can get all the necessary information from Telecom operators too. Telecom operators should be able to give the location too 😀
Sbse jyada toh politicians he hai
everyone knows by now the whole demonetization was a facade created by government to fill their pockets, so many leak footage for BJP people themselves taking old notes and replacing with new ones were revealed as they would take some cut from that money. it was a huge scandal, yet it was suppressed because media toh vaise bi inki jeb me hai
You are absolutely right. They kill the money power of other political party. Mayawati for example could have returned to power in 2017 UP election, her transactions were caught and she could not fight. 90 percent of electoral bond is with BJP. Everyone knows when the money should be used to make vaccine for coming corona second wave. He was shamelessly contesting in WB by using money power. it caused 50 lakhs death of people on road . Bhakt are thinking that this money is from white only. Is it possible. We the citizen are already overburdened, not let the politician puch you more. The change is required at top. It will come down naturally to the bottom.
❤️ Great
So let's a file case if you have proofs don't spread your conspiracy theories
SC is listening the case for demonitization. Solicitor general replied to back , it should not be discussed now as it occurs long time back.
Demonstration, which was an executive order, is about to be proved as illegal act by supreme court, though purely for academic purposes, atleast the lesson of biggest blunders in the history
An excellent narration,very logical and absolutely possible. Also govt can take honest tax payers into confidence to divulge information about others those are suspected tax evaders in their locality.
Heads off to you, the way you explain everything 👍.
why will any one show their income
-42.734% tax rate on income
-gst on expenses
-no infrastructure , just corruption
-faclity ka name per kuch nahi 🥲
"no infrastructure" Bhai bahaar ghum ke aa.
Already we are a stupid freebie nation where you treat your farmers like God, don't require them to pay taxes, you have the BURDEN of 20 crore minorities, you are giving ration to 80 crore people, free vaccines, free treatment at government hospitals, reservation, pensions, and what not!
@@_Mohit_Joshi but the tax payers get nothing, no motivation for them to pay taxes 😔
@@uttamtaparia6435 Then pressurize the government to end reservation, start taxing the farmers, atleast 4-5% tax to banta hai farmers pe, ask them to remove pension scheme from Govt job, and throw away those illegal refugees, and so on.
Tax slabs should be brought down. Even if anyone is earning 50,000, put some 4-5% tax.
@@_Mohit_Joshi instead of freebies their can be a pay for productive work relating to infra.
most of the govt. companies are loss making due to inefficiency and burning tax payers hard earned money like paper
@@uttamtaparia6435 ❤️
It's really informative, I just would like to add a few things, Govt need not take data from Gpay, Phone pe, as these platforms use UPI infrastructure and govt already has access to it, now coming to Wallets(non UPI), govt has already mandated KYC of these wallets.
Yep. I think people have forgotten the signup process they followed years ago 😂
Thank you so much sir. For sharing such useful Information 🙏
Which software is used by for presentation of screen???
🤔🤔
Sir , i really liked your videos.. this one channel you never asked for like comment and share :) and more over “SEEDHI BAAT NO BAKWAS” to the point your apt sir thank you for all the efforts :)
What happened to the indirect taxes we paid for buying those 1.5 crores of car and trips abroad? The tax amount collected for only 4 wheelers is in lakhs of crores and we are not talking about petrol/ household/ property, etc taxes yet.
Yes 28 percent of GST and 22 percent of cess. Then again 50 rupees par litre. They are taking 28 percent tax on motorcycle also which is not for rich. This country chief has taught everybody to talk nonsense and no logicial sanctity is there.
@@abhishektyagi9138 😅😅🤣😅🤣😅🤣😅😅🤣🙏🙏
Like the way you explain all the topics in details 🥳🥳👌🏻👌🏻
Knowledgeable content 🔥
Sir , i am obsessed 😵🤧 with your presentation 🙂 skills. Just wOw.
Aam janta chor hai tax nahi deti. Per saare politition sareef hai koi ghapla nahi karte h. Ye soch h saare political party ki. Corporate ka caroro ₹₹ ka loan or tax maaf kar dete ye politition. Ye sab logo per control karne ke liye ho raha h
Corporates are given incentives because the banks analyse their financials, and see scope. Not all are like Mallya and Modi. There are Ambani and Tata-like corporates too.
Now, should a bank incentivise an entrepreneur or some Babu or Shona huh?
@@_Mohit_Joshi what about politicians?
Apka coat,shirt, watch aur uspr apki yeh shandar knowledge I like that deadly combination sir❤️
Don't you have to give your pan for cash transaction of more than 50k?
I thought it was mandatory to share PAN details for cash Transaction above a certain limit, or am I wrong? Not getting why the government has to go and pass a law or something.
Yeah, but people don't really follow it na
Jaise demonetisation ke time pe log CA ke pass gaye the settle karne vaise he 2.0 mai log CA ke pass jayenge.
Hamara hi fayda hoga 😂
Are unhe bataoge kya 🤔
loop holes Pata hone chahiye 🙄😐
But sir of we give the number which was not linked to addhar than what happens???? please reply
sir how can 4 mobile number be linked to one aadhaar??
Remove income tax
Only expense tax should be there for individuals
taxation is theft
expense me bhi tax le raha he... GST
We should have only gst and no income tax for individuals
Direct Tax is a robbery
Why should I pay for the road which I never use
If the government removes direct tax for individuals, just imagine the increase in expenses and indirect tax
We are paying that on GST already
There is difference b/w "paying tax" and "filing itr", if only paying are considered then 1.5 cr might be reasonable because pay karne wale bhi toh hone chahiye 😅
rahi baat file karne ki to most of people are not aware of filing itr's so professionals should encourage and tell them the benefits of filing itr's
Sir you are very intelligent and the way you teach, is awesome
Agar kisi ke pas 4 number hai but woh sirf 1 h number link kiya hai Aadhar se aur baki 3 unlinked rhega aur usko use Kiya jaye ?? Can gov now track ??
Sir reply pls
Thanks you sir. Government Mafia is gaining more and more power. Need to be careful. Someday you will try to spend diwali cash gift and they will come confiscate it.
Asking users data can attract huge criticism from people as well as opposition.
This is good but not something easy to do.
It is already being done all over the world by all governments. WhatsApp Facebook Twitter Mobile Phones all are selling user data openly .
And government gets the data silently without any one knowing it .
Sir what is the the provision regarding transfer of money from State Bank of India to Jio Payments Bank of same individual via debit card, Under the Income Tax Act
Will this transfer in between 2 accounts via debit card will be assumed as income, where as both my aadhaar and pan are linked with both these account.
I believe govt should come up with more ways to catch tax evaders. Huge number of people in India earning a lot but not paying tax. This is the reason why every govt forced to keep the tax rate high to generate necessary revenue and honest taxpayers get slaughtered.
Still intelligence of the public cannot be under estimated....
Sir the main fact is
Kuch internal factors ke karan...wapis bach jaenge kuch log...i mean maximum log
Linking with manager of banks
What if person holding more than mobile number but kinked one of them with aadhar, fir kaise trace karenege associated transaction
In case of transacting through PayTm or Google Pay ..it's directly connected with the bank and all the transactions through UPIs are recorded in the bank passbook and secondly for activating paytm wallet you have to give your official document (aadhaar, PAN card etc.) ..So I don't think anyone use this way to hide money because no one can.
Points you mentioned are absolutely practical. All it takes is collate all the information from all the possible sources and just a software and at the hit of a button it can show mutiple data with tax invaders. I hope atleast 2CR more tax payers can be brought if govt can strictly implement this and pass on the benefit to direct TPs from whom their hard earned income is sucked
Only in dreams, nevwr gonna happen
how its a gud idea ? In india people share accounts to buy stuff . eg. amazon prime and flipkart premium, So that they buy stuff and free of delivery. but with this idea the raid will happen on the account holder.
@@sairoadways4365 if sharing is happening, then they can declare who they bought it for, as simple as that, nothing else is needed.
@@sairoadways4365 agar account share kar rahe hein to jawab bhi denge. Jyada din nahi chalega.
Aur ab to technology fast ho gayi hey. Jaldi hi pakad mein aa jayenge.
@@avishjha4030 itna easy nahi hey. Jiska account use and share ho raha hey woh fasega aur jawab dena bhari padega . Aur sare share karne walon tak inquiry jayegi aur sawal jawab honge.
Technology upgrade hone se bahut sare karmachari free ho gaye hein jo ab yehi scrutiny ka kam karenge aur naye tax payer search karenge.
Ab to USA mein bhi 2.5 Lakh karmachari naye bhari kiye jayenge tax chori pakad ne ke liye.
Government might do this but if many people are pestered then people may create negative image of them , votes/majority to come down . As proper facilities are yet to be given to people , but are improving for sure from past few years 💯
This video is so insightful!
My short term capital gains (equity only) from the market stayed below 2 lakhs per year till now because I am a student and my trading capital is less. Can I get rebate under 87A because I have no other income sources.
12:24 Amazon/Flipkart pe to fake details se bhi ye account bana sakte hai, ya relative, friends or servent ke account se bhi maga sakte hai
😅😅😜😜😜😎😎😎😎😎🙏🙏🙏🙏
वह भाई हिन्दुस्तान के लोगों का जुगाड़ में कोई दिमाग नहीं 🤣
Telecom operator are bound to give information under 133(6) of the income tax act. The department is functioning with 35000 employees which has 7000 people in decision making level against the 70000 sanctioned strength in India. Who will check and make inquiries. If one crore people is caught out of 50 crore sims, who will investigate. And please note the investigation should be completed in one AY I
E. from 1st April to next 31st March
Many people do not buy phones above one lakh
And mostly buy I phone
They could catch only those who are very suspicious
Like income is 1.5 lakh and expense is 5 lakhs
As many shopkeeper, local vendors do that
Sir ek totally unrelated topic pe apki guidance chahiye.. I just appeared for group 1 inter exams this November and result ane tak group 2 ke paper 8&5 complete krne ka socha h self study se + back up ke liye group 1 ka taxation or law revise krna h upto result date..
Kya icai ca tube ki lectures sufficient hogi for self study?
Or can you provide any other suggestions for the same?
Kindly guide me sir🙏🏻
Good video, Mr. Sahil Jain. subscribed!👍
Super analysis and the best way to alert people to be honest in their financial dealings. Great sir, you are really helping India grow financially. 👏👏👏
Sbse jyaada black money toh politicians ke pass he hai,unka toh aajtak expose nhi hua,jnta toh toffee or bhi tax deti hai
I can understand your subservience to the current regime with no economic acumen!
@@EmperorMagnon whos
Very commendable sir....
Very nice strategy ❤️👍
It must be applied as soon as possible
12:56 Sir what if mobile number is linked to different Aadhar card and some people doesn't have pan to. For example in my home all sim card is registered with different aadhar card
If i add money in Paytm wallet through credit card or by paying rent to my self and pay bill by bank account so will it be counted 1 (spend on credit card) + 1 (bank spend)
Those who are talking about privacy
Beta log,
Plz read income tax section 133 and PMLA act sections calling requred information from anyone.
U can not bind "law makers" in chain
Time esa aane wala hai ki sarkar khud return bhrke degi aapo , aap file fro bs tax pay krke
They have all information
Sudhar jao😇
@Taxation with CA Sahil Jain
Am i right sir!!
Thanks sir.
Very helpful topic
My self Nagendra
Inspector of Income tax
Namaste sir ...si h sir sabko pakdo .....tax invasion wale ...
आप द्वारा बिल ट्रेडिंग वाले वीडियो से nexus की जानकारी होने से GST FROUD का एक बड़ा case अभी just पकड़ लिया गया।
@@nagendrasingh5281 Mene 4cr chhupaye hain aur kabhi milne nahi wale because mene sapna dekha tha chuupane ka 😂😂
we link 1 mobile number with adhaar.How will other numbers automatically get linked when user has not done?
Is there any way to stop evasion of real estate
Sir I think mobile carriers already have the device data. For example, if you login on Airtel Postpaid through (Desktop) Web Browser you can see the device in which the particular connection is being used. They will just need to tweak the upcoming Telecom Law.
Yes, they definitely do, they can track via IMEI of the phone where SIM is inserted.
Arey they even know which SIM slot the sim is inserted in. When Jio was launched, the phones didn't support Dual 4G back then. So whenever I inserted my Sim in slot 2, all these companies always messaged & urged me to insert the Sim in slot 1 so I can use THEIR 4g network and hence more price can be extracted
Traceable digital currency mandatory for real estate and entertainment industry....it's easy to find money movement path 😀...how it got accumulated at certain places...bas wahi sae Kato tax 🤣😀.. 💐💐💐🙏🙏🙏
Government should investigate the corrupted politician as how they can spend crores of rupees in rally etc then for citizens who are evading taxes .
Firstly government should educate on filing taxes for citizens . Even now there are unorganised sectors who are earning in lakhs do not pay taxes.
I have a query, most of the people are purchasing car through loan, just to show off but are actually belongs to middle class. So still that data base is effective?
I think RBI rolling out E Rupee will be game changer. Govt may gradually force out physical notes by promoting E rupee
Ye choro ki party ganta Digital karenge... Loot liya desh ko 8 saal me
People will roleout BJP
@@thetruth3322 modi sarkar toh gayi
@@apdhillon856 Supna wekh kaaka tu
Sabse best practice -
Reduce tax rates drastically for 1 PY and collect the taxpayers data having Total income above 10L.
Next year se back to normal rates and you'll have list of evadors
can you elaborate?
@@pranomadityagogoi8046 sorry brother, I've just stated a hypothetical scenario. Don't waste your time seeking elaboration🙂
But it is too easy to escape. What if someone keeps a different mobile number linked to his Aadhar & PAN Card, and a different one to sign up on all these websites?! How will the government track him then?
Sir for example if someone buys apple ipad pro worth 2 lakh wich only have wifi. The user will only use it with wifi. Then how govt will know that its bought from blackmoney?
Mindblowing analysis Sir!💯
Government's each and every move is with a hidden intention and this video is a proof of it.
Thank you so much sir for sharing your views on this topic. It was a real eye opener video❤
6:07 sarkar ko kaise pata chalega ki maine phone,tv lakho ke liye aur ghuma phira jab sari payment cash me thi
Ppl hiding taxes also have hidden intentions, right? You reap what you sow.
@@pwinsider007 phone number to daloge na
Aur tv to Android TV ho gyi hai
Aur aapke service providers ko pta hai ki konsi tv hai aapke pass
Hello sir,
Your videos are really useful and informative for me even from different field.
The best solution is there is 1% tax on each bank transaction and there is law that more than 5000 cannot accept cash for any purchase
Sir is loan also takes into consideration? I mean i have taken 20lacs as PL to buy a house(bcz due to lack of full documents i need to do so) but my salary is 8LPA in a private organisation? Please let me know for such cases even my subordinates have same story package less but loans more to do stuff like buy car home
Take a note from the lender to show to authorities
I guess the easiest way for Govt to track the undisclosed income is to call information from banks. You can easily observe that the one's earning black money will not have much debits as compared to the one's earning white money. In this way the assessee may be questioned how he maintains his/her standard of living
Speculative, but random samples can be considered.
However, the error margin would be significant.
Not all people are in same phases of life.
Not all people need same level of money to maintain standard of living.
I think you have zero understanding of how world works.
For a young 30 year old man with high earning,his spending habit will be far different than another man of 55 year old.
For you earning 1 lakh rs salary per month may be like you win the game but for a 50 year old man,earning a 1 lakh is like nothing.
Not because he is corrupt or whatever but he has already making much higher earnings and his spendings are low because money require to spend is smaller because his family also start earning.
The information sharing from banks is now automatically reaching Income Tax department in real time.
Try doing that to 135 Crore people, and you will have a million stress related suicides in the tax department every year.
@@jaishetty8586 Yeah got a simple solution for that. Only analyze the data of professionals like CAs, Doctors, Lawyers, etc. They are the main tax evaders 😂
❤️❤️❤️ Sir, aap finance minister ho jao
Apko hamara pura support hai
2-3 yrs me India Dubai jaisa ho jayega 101% 🤗
Seriously ✌🏻👍🏻👍🏻👍🏻💯
Absolutely right..... Ur supposed to be Finance Minister of India 🙏🏻
Nhi ho sakta bhai finance minister ki team me inse kai zyada एक्सपर्ट लोग hote hai
90% indians make less thank 20k a month 240000 annually, then how will they pay tax!
Sir, what happens if anyone
Incurring such expenditure by saving or such cash received as gifts or inheritance wealth?
GOOSEBUMPS 2.0 😐
Demonetization 2.0 se bachna ho too Sir ke paas jaao 😂😂
Great video! Sahikl Ji, the 1.5 tax payers the PM is referring to is that of folks who actually paid taxes and exludes those who filed for taxes but did not pay any taxes due to the various deductions?
Yes, cause the ITR filers in total are much higher but still miniscule compared to the population of the country.
sir what if the number which he/she uses to do all this transaction is not connected with their Adhar or pan card
115BBE 60+25%+4%=78%
If This Co.'s Shares The Data To Govt. Then it Can't Be Called as Violation of Privacy? Pls Explain!
Privacy is now a myth💀
It's not
Privacy does not exist anymore 💀
If you are not a criminal, why worry if the government is keeping track? If you are a criminal, then you deserve to worry.
Exceptions are everywhere 😂
Sir we are joint family and earn 20k approx per annum per head and buy a car with joint with 1 name or house we are under our tax income should we also pay for tax per head
Fir sarkar iss niti ko lati kyu nahi?
Bahut accha samjhaya apne
It's easy to track if you make PAN mandatory for bills more than 30k. Also provide discount/tax benfits if they provide PAN.
1.5 l hypothetical officers (it's even less)can't process the record of150 cr. Population or even half if it become necessary.
Itna bhi asan nhi hai pakadna, as a cybersec expert i have plenty of bypasses for problems like mobile numbers and aadhar numbers. Moreover, companies like Apple will never agree to share their customers data no matter what. Also, people will start buying products from companies which will keep their transactions secret which includes foreign e-commerce companies delivering to India. Any such move from government, e-commerce companies will be first ones to move out from jurisdiction and operate because nobody wants to lose customers.
But u need sim to use that phone...so network operators can provide the details...
There are many companies which provides voip services with an actual phone number.. no need for a sim..
वही तो भाई, में किसी अपने काम वाली बाई के मोबाइल से अकाउंट बनाऊँ अपना amazon या Flipkart का, उसपर जो चाहे जो खरीद लू 🤣🤣🤣
@@Fuddifadu which companies provide voip,
Rightly said
What about indirect taxest that we par on every service/product?
But many people have usually two SIMs. What if they use number which is not linked with Aadhaar card for Gpay, PayTm or on other places. How can government track that?
Just remove Income TAX, and increase indirect taxes
Already it's high.
@@issacdhan then continue hiding your income and staying in a fear of getting caught
@@digitaltanish I hope you understood what I wrote.
@@issacdhan what i meant was that everyone doesn't pay actually the majority hides there income and do not pay income tax
So if govt just remove the direct taxes and increase indirect by a bit
Then this would not affect the total tax collection, as we removed some taxes and increased other
And no one can hide from indirect taxes, so everyone will have to pay that
Exempt income taxes on individuals, HUFs, partnership firms. Tax only companies
Flaw-
There may be a case where a person is ordering and paying from number not registered with Aadhar and PAN
Solution-
Now a days if you purchase a new sim card, they always ask for Aadhar card, so gov can ask telecom companies for data list of number with aadhar number.
There is no number without adhaar, and even if you get some other person aadhar card for your number. That person could be held and he can provide your information.
Finally Sir Ne Meri Baat Sun Li Aur Baith Ke Padhane Lage Hai. Thanks a lot Sir ❤️
I want buy ola s1 and it's price is 99,999 ₹ , so how can I buy it in lower price ?