Ashneer Grover on India's 'punishing' tax system, charity and his future as a politician
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- Опубликовано: 18 июн 2023
- #ashneergrover #ashneergroverinterview #incometax #indiantaxsystem
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It's not safe to speak so much directly and honestly in this country 😅
True
Facts!
Atleast he has courage to speak, admire him
Iski baate koi bhaw nii dega. Koi mla ya mp ya koi other politician agar ye mudda uthae toh manu@@burmantraveller8958
He did not say the words "30% babu aur neta chura leta hai" which is why its not so risky.
The bigger problem is that middle class people paying 30-40% tax will never even protest. Another fact: politicians don't pay tax
middle class doesn't protest, they just leave India
MODI HATES MIDDLE CLASS
Your ancestors paid no tax on LTCG.
You will pay 12.5% tax on LTCG.
Your ancestors paid no tax on the dividends.
You will pay tax on the dividends as per your income slab.
Your ancestors paid no STT.
You will pay higher STT.
Your ancestors got the indexation benefits.
You will not get indexation benefits.
Welcome to Amrit kaal!!
Politicians off-course pay tax but they adjust it with corruption😅
ppl don't have unity in anything...ppl need to protest also ask why politicians don't pay tax.. they are part of democracy..
@@mohit4902 Lot of ppl want to leave India but it is not easy for many..
Algorithm aag mein ghee daal rha hai after budget announcement of 2024
Right 🤜🤜🤜
😄😄
😂
I totally agree with him, Indian tax laws are highly & unnecessarily complicated. Every Individual & companies incurs heavy overheads just to operate in India.
Then you and grover means to say that rice and alcohol GST will be same so that people consume more drugs ha and what about the people who give 10℅ tax if he start giving 20℅ then he will abuse government. There is just little truth in grover statement and rest is garbage. Government is not fool like him many countries collect tax this way.
Totally disagree with Ashneer.....
First of all there must be a transparent, system so that people can see whether super rich guys pays tax or not also how our tax money is being use dby govt....Second If a common man take a loan of 5-10L and not pay a single installment bank calls and even visit inpersion.....but how a person flew after taking 1000crs of loan?
What Anshneer doing is comparing our tax rates to other countries who has low rates or tax heavens like dubai...etcc
What he doesnt realising is our country is still developing and much more complex country than anyother ,with huge population were most us are living in poverty or farmers whose incomes are exempt , so only options left are
1. Rich people
2.companies, LLPs , firms
3 poeple earning above 10 laks
The thing is we cant charge same rate for 10 lakh catogory and for rich people ,because people having 10-50 lakh are not lving that type of luxury that RICH does thats why we have slab rates..
Our country has to manage infrastructure, roadways, education
Which is mainly relied on taxpayers income...
Our country has recently manage secure 1st place in longest roadways by beating china , these things simply cannot happen if tax rates falls to 20%..and there is much more complexity that yet we don't understand...
Once we become developed country, we dont need 40% rate, and that not gonna happen for long time..
I hope this helps
By CA INTER STUDENT
@@USERr143once we developed.....hahahahhahahshshahahahshshshshahhahsbsbabshshbsbsbsbsbabababhahahahahahahhahahaha
The problem is most youtube comment section is filled with people who dont fall in tax regime and a few who pay less tax. They wont understand 30% and surcharge and etc.
i do
Yes that's y they are barking here. Jab mahine ke 50000 tax bharenge tab smjh mai ayega 😂 aur galiya nikalenge
Exactly 😂😂😂
@@Lol06987true 😂😂
This country hates tax payers
When capitalists are pointing out serious mistakes in the economy, we know we have seriously gone wrong with everything!
aur kaun karega....communists are just low iq garbage
😂😂 He is seriously talking rubbish
@@Itsme_Mr.CA.I am actually surprised to see so many people in the comment section find his suggestion to be logical.
@@divyanshnanda3523whatever he said is extremely correct most of your companies are singapore and dubai based your most productive people are the most heavily taxed and exploited by the government
@@Itsme_Mr.CA. Ha bhai kuch kama Phir pata chala ga india ke tax law ke bara me
1:37 - jahan ki core quality doglaapan hai, wahan to wohin karni padegi.
😂😂🤣 Bhai, knocked it out of the park!
He said base of tax payer need to be increased rather than only 2 crore indians paying highly tax
Agree
Agree
Indians haven't realised how dangerous this socialism really is. All the wealthiest nations in the world, became wealthy by fostering individual liberty and ownership. It's not a big secret.
Many philosophers claimed after century western world will start collapsing because of individualism,
Person will put himself above others.
This is just a fuel for narcissism.
Collective societies are ltruly wealthy,
Example is japan, Singapore and South Korea.
I see you are fully against with socialism...can you think what will happen if education and medical services in India are fully privatized?
So just saying it is dangerous blah blah...can you point out how to run India properly according to you without socialism...on a long run without sacrificing the poor people?
If you reply keep in mind india is a democratic... means people can oppose privatisation bills, people are mosly corrupted, huge income difference between poor & rich.
@@0pinion99 socialism is a theory that has consistently failed in practical life for over a century - biggest is mao's china, present day is n-korea.
free markets have given all the benefits and privileges you use today, because it incentivises value. example - USA minus the past 2-3 decades. that's where you got the most innovations out of. (don't confuse that with crony capitalism - that's what leads to downfall)
for india - open all services up for the free market, including the govt services. let people decide which road they want to go down on. of course, exceptions of national interest like national defence can't be privatised. exceptions need to be managed via taxpayer's money.
if you don't, power accumulates in the hands of a few. that's still corruption, but insidious. coz it's in the name of "justice" and morons like you fall for it.
in practical life, people are not mostly corrupt. don't project your terrible upbringing on an entire nation. it's technically impossible for any highly corrupt nation to thrive - see South Africa.
@@0pinion99maybe you will grow brain cells if you went to a school which actually was accountable to educate you?
Nirmal sitharaman should watch this video. A tight slap to Govt tax system..
taxes were even stringer and license raj chaltha tha lol before 1990s
Ha to ab 10 saal k Baad bhi congress 1980 k barey me baat karogey. I am also a BJP voter. But Maan lo bahut hi tatti govt policies hai
@@User-x2f3ef4s4fs6g
Major problem is paying multiple taxes
Thats why indian startups register outside india in Singapore, dubai, silicon Valley
Who is here after Modi 3.0 Budget 2024 😅
Chaiwala ek bada doglapan
India is now desperate for Pappu 1.0 budget created by the "Saaf Sutra" Chidambaram.
Har jagah modi kaha ghusa rha hai 😂😂😂😂. Terko Politics ka P bhi nai pata bhai ghar jaa ke so jaa tu 😂
true!! tax system in India needs to be simplified.
Capatlisim
Yes, I agree
Simplification is really hard, there will be some issue than will require some amendment.
It doesnt need to be simplified, it needs to be reduced. Im a CA+MBA and I support Ashneer, our crushing Tax regime is anti business, it prevents highly educated people from starting business out of fear.
Keep highest tax at 20%, GST flat at 12%, under 50 lacs income at 15% and undwr 24 lacs income at 10%.
Now it has given become more complicated.
Middle class is suffering the most.....its painful
This is the dark reality of indian tax system. The ultra rich escapes the taxation while the middle class does the charity.
This dark reality of the whole world
Lmao that’s good but many poor people are benefiting but rich aren’t that’s tragic
@@Isaacaijazebf2jpoor are benefitting, rich are benefitting by themselves by evading taxes through tonns of loopholes but what about the tax paying middle class who's tax is enjoyed by the poor?
The Ultra rich are the men in power, not the people we elect, regardless of the party.
Subramanian Swamy also says he would have abolished taxes if Modi Sarkar had made him Finance Minister.
Reduced would have been an appropriate word but abolish?
Think practically, if taxes get abolished then there will be no need for ppl to disclose their earnings and how and in what way they earned, legally or illegally. And how can a country simply abolish tax system like that...it will affect d economy in so many ways & at greater level!
@@untamedone9895I am surprised by people like u who have deeply ingrained mentality of being slaves. They can't digest that they can be free.😂 There are many workarounds and solutions which could be found but first u have to be open 😂 many years ago people like u said cell phone like things can never exist.
Swamy ji isn't as skilled at putting on a poker face like Sitharaman ji
This guy will free a lot of lost and tired souls
The only way to reduce taxation is to do a non-cooperation movement and simply boycott it. Govt will never reduce it on its own.
Honestly, Indians 99% of them are already non-taxpaying citizens, what needs to be done is to increase the tax base, simultaneously reducing the tax rates, I think personally any tax above 21% on personal income is foolishness. Now, 21% tax would not only increase the disposable income but also savings, resulting in greater GDP growth, and lower borrowing costs for businesses and govt. And, yea I a support progressive taxation, I don't care about whether we implement flat taxation or not.
Bhai corporate tax toh 20% hai
But >50Lakh/annum income earners have to pay 30% + 35% surcharge.
Actually 37 percent in Total which is very high plus GST on goods 😂
It's not 35% surcharge, 10% above 50lacs on the tax amount
RUclips algorithm, my God... Again i reached this video to cry on my state of affairs. 😮
They overcomplicate the process so people hire CA and dont get into jhamela and they stay in darkness. I paid 4 lacs tax last year wtf did i get. Shit . I could have taken 4 international trips from that
🤦🏼 Didi ap kama bhi 20-24 LPA rahi hongi
4 lakh tax bhi aap ko nahi bharna
Phir toh kya hi bol sakte hai
@@yuvraj1971badle me kya mil raha yeh simple sawal answer karo?
@@gloomyend1232
Badle mein home loan and education loan pe tax deduction mil raha hai ,
Country ko protection mil rahi hai border se
and yeh bhi nahi ki govt kuch hi nahi kar rahi
Thoda selfish kaam bano
@@yuvraj1971lol Baki desh jaise border protection nahi de rahi hae
Sirf india hi de rahi hae
Kamate hae apne liye na desh ke liye aur na Sarkar ke liye
Tax like England and service like Afghanistan
@@thefooMad baki desh bhi 30-50% tax bhi lete hai
Desh tax hi chalta hai
Afganistan se mein tum monthly 1000 rs bhi kama lo wo bhi badi baat hai
Soch samajh kar compare kiya karo
Income tax is total waste . The whole collected amount doesn't contribute in indian economy . The maintenance , salaries and other expense of this department are more than the tax amount collected by this department . There should be more indirect tax collection like g.s.t . It should be high on luxury items and negligible on necessary items .
Check out the budget report given out by RBI, it contributes to 23% of revenue. I don’t think they spend so much on the department
@@princeofheaven19 there expenditure is very high . Tea expenses , foreign trip expenses , salary expenses , raid expenses ( failure or sucess ) nearly fail , electricity expenses , innova expenses , fuel expenses , campus quarter expenses . And government manupulates the data they just show that the purpose of income tax is correct .
He warned us 10 months back but still we voted for BJP.
Toh kisko dalte khangress. Wo toh socialist hain upar se communist bhi bhar gaye abb toh
Haan, Congress toh saara tax maaf kar degi
@@ThePseudoBasher ye bakchodi wala tax nahi lagata tha kam se kam. BJP toh old tax regime hi khatam kar dega 1-2 saal mein.
Ready to work 14 hours shift?
@@user-kh9xd4bp6s we are already doing 10+ hours every day. How does it matter.
He should educate Nirmala Sitaraman once, Govt is fooling by adding too many schemes unnecessary on an already filled slab 80C, no use to us.
HSN code was not for tax classification. it was for industry identification in the world. but india adopted as tax structure
This aged really well😂
The irony is people who are supposed to earn for themselves and make good life for them is doing good for the nation and people who are supposed to serve the are making their wealth from nation
gives me trump vibes, full power to u ashneer
Suggested after budget 2024😂😂😂
Who is here after 2024 budget?😔
He is brutally honest about his views all the time.
Applauds to u ashneer YOU have put it just THE right way !!
I am a middle class gen catagory person, fought tough in 1996 to get through admission, as reservations already applied , we had been paying taxes since then till date AND now our kids r in the same chakravyuh.. we could never save enough to make him start a business and couldn't sponsor him to go abroad and study.
If our child is mediocre in studies, what options are he left with ?????
Govet never takes any responsibility of such kids of hard taxpayers ..not any incentive nor any facility are offered to us !!! Why will not we push ourselves and our children to go abroad on slightest available opportunity ?? To hell with the brain drain ... Does the govet care for the brains here in INDIA ??? The hatred of reservation will lead to a nation that will be hollow as intelligent brains have nothing but pain and venom in them .
ITS HIGH TIME
Bhai agar 20 percent hoga toh apko hi problem hoga bas yeh sumjho ki
Agar yeh hua toh ap garib hogye Or rich people or rich
@@v.m.channel2572 Bhai ab tak mai tax ko acha smjhta tha sochta tha ki ye ek bhartiye hone k Karan hamko karna chhye lekin ab Aisa nhi lgta. Kuch din phle mujhe Ayushman card k bareme pta chala ki 5lkhs tak government cover krti hai bahut khush hua poora din nikal gya ye pta krne me ki ye kisko Diya jata hai. Mai to sala middle class ka hu bhncd ye sab card to bhikariyo k liye hai. Aur hamare liye kya? Hamko kuch milta bhi hai ki nhi?
@@AmbrishIsCool dekho government har kiske ke liye scheme hai mein tax ke bare mein janta hoon toh mera kaam tha ki joh is ko support karahe hai unhe sahi baat batna
@@v.m.channel2572 Nirash hu yaar is wakt job nhi hai engineer hu. Yaar ekto paise nhi aur jab kamao to ye chor log hamse charity karwate hai. Ye baat bahut chubhti hai.
It's not the high rate of tax, it is the inefficient user of tax money that is painful. People need to be aware of how their tax money is spent and how much in fact they are getting for the tax they paid.
Tax only justifiable if government can give the same facility like Western world giving, health, education etc...make the government institute world class then giving tax will not much harm!
I couldn't agree any more! Well said Ashneer!
Great sir This topic needs to be raised, govt. Is sucking our blood by income tax
Flat tax rate is ideal. Since India has a very small percentage of people paying direct taxes, the government heavily relies on indirect taxes through gst and other, etc. This heavily affects the middle class people, those who are salaried as they end up paying nearly 50% taxes in direct amd indirect taxes. This leads to a very low savings rate. 30% tax rate above 10 lakhs is brutal, as u can only get that type of salaries in metro cities and the cost of living is quite high there. Taxing everyone at flat 10% will ease the burden and will increase the tax base. Its also high time the government starts taxing the wealth farmers. 28% gst is too high and unheard of in many developed countries.
He’s talking about Laffer’s curve.
After hearing todays budget, Ashneer was right.
This video is an eye opener for the alive not the dead, no less than a motivational movie which are hardly made in India.
Absolutely right
Now I know why did they brutally kick him out of BharatPe.
😂😂
😂😂
Why ?
At least he's honest. Not like tax hungry BJP, who are simply looting people.
😂😂
Advocate Ashvini Upadhya already told solution for this.....One Nation One Tax...which is Transactions Tax
India need entrepreneur ppl to enter the politics 👍
Koi hate nhi dega. Bhai ne bahaut gyaan diya hai.😂
2024 budget announcement i am still with his thoughts
VERY CORRECT!
Very insightful
Corrupt politicians and government sector living in luxury. While the working class suffers. The government should have hands off approach to economy and not tax the working class
Dharam ka nam pe vote doga to yhi hoga
Very well said
Totally agree! only beacause of tax I am going to run thela. Atleast you discussed this nobody discuss. Jitana profit hota utana to CA ko dena padata ye compliance, wo compliance.
Baat to sahi hai yaar 😢
France has also given acceptance to Indian UPI recently.💰💸🎉
Koi iss bhai sahab ka mic le lo yar
Bina sar pair ki hawa mai batein na karein aap bhot bade business influencer ho ,Act responsibly
Tax terrorism
He said the real truth...♥♥♥
You have no idea that on automobile 🚗🚘 sector , GST is 28 % (highest rate)
If you can pay for car, you can pay the tax. If its for business, you get credit. So don't worry.
@@The__Leo69 everyone does not have car
Import cars have a 200% import tax in india it's like buying the same car thrice
@@The__Leo69 tera baap ka paisa hain jo 28% tax du, mereko kya milega ? Still a developing country
Better it's 28 percent GST. Don't want everyone to buy car in this country already suffering😢.
Jo chori hain Karta woh 40% se 20% pe bhi Karega. Aur Pata nhi CA, CWA, se inko kyun inti problem hain... inhi professional ki wajah se Tax collect kar pate hai govt.
2% logo ka sahi h but wo 98% log tax hi nhi dete and jinki income hi 5k-10k wo sadak pe ajynge ..government koi bhi party ki ho but 20% tax se 98% logo ko basic cheese bhi nhi milengi...
Ye to sabse bada doglapan hai na inka
Sarkar business development kare to Sahi
Aaj kal chote chote businessman Bank ke kitne chakkar kat rahe hain maine banglore
Ek FSSAI lisence apply Kiya 3 sal ke liye jis ki government fees 6000 rupees hai
Maine January 2023 Ko apply Kiya
May 2023 Ko Mili o bhi 10000 rupees de kar
tho kya kare? rich hona crime hai kya? gareebi hi rehni chahiye kya india mein?
Dear Ashneer...Kya guarantee hai ki jo business man 40% tax Dene k liye chori kr rha ho wo 20% tax Dene bolo to chori nhi karega??? Chor sirf chor hota hai .. kam chori aur jyada chori aisi category nhi hai !
Bahut sahi samjaya😊
Yep if direct deduction of 20%no need of ITR .even the govt officials jobs reduces to save money.
I want to see him as Finance Minister of India ❤😊Very intelligent Man 🎉
But andhbhakts want nimmoo tai 😂
No I don't want this man as a finance minister because phir india ke economy destroy hogi
When you don't know the demography of India,
What about rural areas?
Best and Honest Shark Ever
Well said......
good insight
Arey yaar main bhi to yhi sochta hu
I agree with him but these things are easier said than done! Don't see this happening by next decade.
And those businessmen who don't pay taxes are criminals surely!
it hurts when you pay so much tax and you don't see any development in your local area for more than a decade. I left India a long time ago.
In India :
Tax like NewYork Services like Somalia.
This guy is absolutely rt
He is absolutely right...
Since 10 year modi government done nothing for middle class so be wise let kick modi out of power state election is coming soon teach them lesson for voting against bjp
Tax dete hai but government kuch deta hi nhi
I agree with the points but not the solution. 20% tax would rain severe burden to people who earn less.
How will you charge the tax to a Mason or a Labour or a village shopkeeper. They are still outside the formal economy.
They need to create pan along with ration card .. so many informal folks are earning 10 lakh pus and don’t pay any tax
Truly said… I wish you were the finance minister.
in islamic economic system there is only 2.5% tax on remaining balance of year end.
countries like Katar, Dubai have very less population and huge natural resources so they don't need to collect tax while check BD, Pakistan tax slabe.
So true but karega kaun??
Ye khud bhi agar power mai kabhi aayega, toh yeh bhi nahi Karega for sure.
After failing in business Ashneer bhai should enter into politics with party name doglapan party
Jhaat badadbad aukat nehi hai tera chup ho ja. Yaha agar koi bhi comment kar sakta hai uska minimum requirement 30% tax slab wala logo ka hona chahiye utna toh Tera salary bhi nehi hoga 🤫🤫
Not just ashneer, even renowned economist Subramanya swamy has told that this tax system is actually reducing our purchasing power and halting our progress. This tax system is unnecessarily complicated
Let him get more power, we need him as our finance minister
Thank you
I second you! Ashneer.
His all points are valid.
This speech, session would be remembered by all of us the day income tax will get abolished.
Make him the prime minister of India
Love from odisha ❤
Yes....u r right.....kamao tax do.....bachao....tax do
Why does everybody think that onlt their hard work is only responsibile for their success, India has more than 140 crore population thats why ashneer is a billionaire now if the population is contribuiting you so much why you can't can ambani would have earn in billions from jio if he had born in Africa.
The only way to save Tax is to understand various tax sections & start doing frauds in it as much possible.
Thanks!
Think of citizen as customer
Good analysis
Its true, you wouldn't find many people who speak so frankly in this country. He understands what toll he will incur because of this and yet he speaks unfiltered. Kudos to his courage. No wonder he has a disappointed resting face. We keep a happy face, because we ignore the problems and keep on going, but it's people like these who care more about the truth and less about living a seemingly problem-free life.
Adam Smith: ham Bhi Yahi Soche The , Lekin Great Depression Ne Government ka Regulation Ka Importance bata diya😅😅
Right
Running one company and running 3.75 trillion economy and 140 billion people is different🙏🙏
Modi to chai ka thela chalata tha, logic hai bhai?
Uncle ho kya
@@cLutch.26 fact based UPSC aspirant
@@cLutch.26 usse pehle wo 20 year CM thaa
@@kM-rk5brfortunately you are still an Aspirant.
We all need this kind of young leader.
you are right sir