The number of Indians paying income tax is very low primarily due to lack of tax regulations in the business sector and how easy it is for a local shop, a services business or manufacturers to hide revenue and save on tax.
As a fellow tax payer, why are we in the service class not willing to turn to a freelancing services model to hide our incomes instead of paying taxes at the source? Or is this not possible in the nature of our services?
I am assuming you are in tech
If you do freelancing, money will be deposited in you account, you will still need to pay tax,
Tax on crypto is crazy too, if you are thinking about payment in crypto
In short its not at all easy to hide money if transactions are online💀, unless you want to go all the way to open a company, and create some fake employees to avoid taxes, too much hassle
Writing this from the lobby of a good hotel in the city There are 3 types of people I see around me:
It's a bit too much calling business owners thieves bro. Your hotel stay is paid for by a business too. That's risk a...
This is known issue but as an developing nation, this needs to improved and worked upon
I was doing a tax plan for the next FY.
A significant chunk is going off my hard earned money 😔 for which I get 🔔 from govt.
I hardly use any public facilities , or can simply say they do not exist and are not up to mark
Any Tom...
Bro, you are earning. Shouldn't you just be grateful that you are not born in war torn Afghanistan or disease ridden Africa. I mean life could be so much worse. In fact, the only difference between you and the office boy is the household...
Oh, I thought this must be some smart argument, the moment I read “difference between you & the office boy is the hou...
I'm okay with paying income tax. I'm not okay with the rest of the 97% paying no income tax.
I pay a hefty amount every month as tax. My dad pays 2.5x the hefty amount as tax every month. We both drive on...