Glad LC manager took this up and we made lots of noise on various platforms including LC and the Govt has announced action (attached) that those spending under 7L per year abroad wont be subjected to this. But how will this limit be enforced. I spend 6.9 lac on one CC and then start using another CC how does bank/vendor know I am about to breach LRS limit and should pay 20% TCS on any spend greater than 10K? more
Tracking any spend through a card or multiple cards is a very easy thing. Why banks, even third parties have access to such information. That is why, teh whole idea of a TCS on foreign spends is devoid of any logic. I would advice against getting innovative and using multiple cards as that is foolhardy. The bank has enough time and opportunity to recover TCS from you if they want. In fact, an automated system will do that. more
govt is taxing salarid and middleclass in return nothing given , they are giving freeb,s to bpl for vote . govt is not able to get taxes from doctor running private practice ,surgeons , nushing homes who are sucking blood . private schools, private medical colleges taking crores os ruppees taking capitation fees. pleaders/lawers politicial doctors never show their income for tax more
The number of doctors who earn slush money or private schools etc is rather limited. The government generally knows about most of these cases. The government can tackle these people if it wants to. The issue is that they will not act as most of them have bought the loyalties of the party in power. more
TCS is a retrograde step. Taxing the expenditure from our already taxed income amounts to double taxation which against fundamental principles. This needs to challenged before SC more
Most important is indexation on real estate/property is gone with this budget. Now if you bought a property in 2004 for 25 lacs and plan to sell the same now. earlier you would have got benefit of ...
1)India's inflation continues to be stable and moving towards 4 pc target; core inflation stands at 3.1 pc. 2)India's economic growth continues to shine. Global economy is still in the grip of...
Today's Economic Survey has spoken some very harsh truths. I'm not only talking about stock market speculation. It says 50% of Indian graduates are not employable 65% of peopl...
Yesterday a friend’s relative in Auranagabad died in the gym while exercising. Sudden death due to heart attack. (Attached video) LocalCircles i remember had raised this issue in D...
Indian banking system is a loot and print media is hand in gloves. They dont write about issues people face. Here is a first hand experience: Wanted my SBI savings acc statem...
Earlier pre Covid I remember LC Manager used to do budget surveys which would then be escalated to Finance Minister. Why has LocalCircles stopped this exercise? We as people should deman...
Excellent work LC Manager on escalating this call connection and drop issue. Most amazing thing is Govt let them increase tariff without any accountability.
Our print media has become totally spineless. Despite all the 3 telcos increasing mobile tariffs one by one within 2-3 days, none of our business or general papers were able to show some guts and q...
Here is What is wrong with this country -The PM meets youtubers, billionaires,cricketers but not the victims of various tragedies and scams. - People were seen carrying dead b...