From the perspective of a frustrated tax paying Indian - Aah, okay, fine.
But if they're gonna struggle, you ain't gonna eat! Agriculture is one of the most difficult profession. Revenue != Profit
I can imagine Mr. Bachchan keeping his taxable rupees in his pocket with great difficultly
Income likha hai 25L. Income is profit.
Their operating revenue would be 2.5-5cr assuming 5- 10% profit margins.
Of course , this rich people purchasing agricultural land by naming them as farmers just to save tax is absurd, law needs to be changed to prevent such tax evasion. Mr. Bacchan and recently suhana daughter if shahrukh khan have declared themselves as farmers just to avoid tax on land purchased.
I’ve seen plenty of farmers with an eye-watering annual income. Don’t go on their soiled clothes and unrefined ways. I know whose net worth will put Microsoft and Google employees to shame.
But yes, farmer is a political identity in India and not a business. It’s also a legally allowed way to launder money. Hard to tax them.
Don’t you think it’s kinda not fair to tax people especially in metro cities who earn less than a lakh a month. The cost of living in these places are already so high and due to that they may not even be able to make any investments. 12 ...
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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...
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