Product Engineer

Half of my office does this. 80G is beautiful if you know how to maximise it

Intern

Lawyer

My CA has been saying this for years. “Kabhi aao Gujarat, tax bacha dunga”

Software Developer

Data Consultant

Product Designer

https://www.business-standard.com/finance/news/8-000-tax-evasion-notices-to-taxpayers-who-sought-exemption-for-donations-123041800156_1.html 
  
 You think you are the smart one and the IT department wouldn't come chase your ass.  
  
 They will.

Well some business hotshots do pull it through.

Software Engineer

Try it and tell the rest of us how it went please

Product Owner

Program Manager

I know a lot of my friends who do this. Works like a charm.

+1. I've seen a lot of my colleagues in my previous orgs do this. Just a small cut to the CA and get back almost everything!

Will they return money in cash? If not then won't we eventually show up on IT Dept's radar?

Founder

And then what would one do with that truckloads of cash hoarded over years? Maybe little gold, some real estate, but no equities.

Whoever is interested, I can try to help.

Quantitative Research

Send me your contact, I will contact you.

Why not start your own party and donate it to yourself? (I know nothing about taxes)

Not all parties can take donations via electoral bonds, there is some minimum voter percent rule.

I got a quote of 8-10% cut from my CA for similar political donation method, what are the market rates you guys are seeing, I'm just curious.

I've got in range of 3-6% in the last 3,4 years.

Backend Engineer

To boliye ji, shuru kaha se kare. Hum to bhole he, nahi pata kaise yesi cheezen karte he

Senior Engineer

How are you planning to withdraw that much amount of cash from your bank, assuming you are a salaried person

To buy electoral bonds you don't need to withdraw cash, you can get it directly from Bank. You can submit those bonds to the political parties and then the political party will withdraw the fund within 15 days. The whole process is suppose to be anonymous and no one know who paid whom

Lagta hai tum naye aaye ho market me. Mai yeh  3 saal se kar rha hu. 
  
 But obviously you cannot donate 100% of your salary to the political party. 
  
 Income tax dept will come to your house and say beta jab 100% salary hi donate karni toh kama kyu rha hai...hum chutiya dikh rhe teko? 
  
 You should donate max 20% of your salary to stay under the radar.

how do you do that? isn’t there a lot of risk of the party not giving it back to you?

Product Manager

This is a pretty common method used all over India. That's how a lot of black money turns white and white turns blank. There is a reason the ruling party introduced this as they have benefitted the most from it.

DevOps Engineer

PS: This is a stupid idea with lots of legal and personal risks involved. It's better to contribute your fair share of tax deductions using genuine instruments like 80C. Thanks everyone for your comments 🙏

How will you get the returned money? In your bank account? If so, won't it be part of your AIS statement? Or are you thinking about black money?

Wait for the day till the revenue dept notice will reach your doorstep.  
 It'll be a big deepavali 🎇 blast

What are you guys doing with the cash generated? Just spend it all, really?

You can buy electoral bonds and pay No income tax as salary man, just donate your bond money to RUPP Regional Unrecognised Political Parties. Since 100 percent political party donation is tax free,...

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You can buy electoral bonds and pay No income tax as salary man, just donate your bond money to RUPP Regional Unrecognised Political Parties. Since 100 percent political party donation is tax free, no tax for donated money. They will return your money with a small cut and viola. No tax.
What are your thoughts on this? 🌝🌚

Pay Zero Income tax forever ♾️