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
I must complement localcircles management and members for being the most effective media in the country to quantify public plight on various issues and bringing it out. The attached sto...
See attached friends. Average summer have gone up in India by 5-8 degrees in last 5 years. Like this we will have 50 degrees in Delhi soon. This is climate change for us.
The most important parameter for judging any government is the inflation vs. increased incomes. A study was conducted in Maharashtra on the cost of making two thalis in 2019 and 2024. The data used...
AstraZeneca, for the first time, admitted in its court documents that its Covid vaccine can cause rare side effects, paving way for a multi-million pound legal payout, The Telegraph reported on Sun...
Musk canceled his visit to India "because of a busy schedule." He arrived in China today but could not find time to fly five hours southwest. Despite having 1/6th of the world's population, India i...
LocalCircles has been doing phenomenal work in the area of aviation reforms. In fact its the only hones public voice out there. Even many newspapers dont cover public issues with airlines.
The LocalCircles survey on food safety was nicely carried here in Kolkata by Telegraph and it makes it clear. FSSAI and state food departments are failing the people.
Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can ma...
Super excellent work LC and great to see this clip I received in one of the groups of LocalCircles work getting recognised on the issue on NDTV. Children under 12 now have to be seated with parents...
The RBI has directed Kotak Mahindra Bank to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credi...
Please read and share the post link with all your WhatsApp groups friends. Especially senior citizens and teenagers 1) Urgency for Medical or Police Cases Parents receive a ca...
By Nikita Mehra
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