A thread on gems from our tax bureaucracy..

Original document here: https://drive.google.com/file/d/1MmHbWhSQPH3LWJLvwlGAC2_zN6Pm6v2u/view

Be prepared for tax terrorism..

They are pretty clear in their head.. pura desh chor hai.. and than FM said it on floor of parliament too.. so this one is even score between politicians and bureaucracy..

Joke is taxing the wealthy..

Bigger joke is they trying to sell it as short term measure..

At the time when entire nation, except governement, wants to tap the exodus of industries from China to India..

We are proposing to tax foreign companies more.. brilliant..

Just tell them how we will spend and they will love it.. shower money on us..

One time cess.. only "one time"..!! Are you freaking kidding me..

Only our bureaucracy can "tempt companies" by proposing a law to "tempt" them.. wah wah wah..

Covid bonds at same rates at "what government pays for various small scale saving instruments" and they wish this scheme a success..!!

Now we are talking something..

Foreign Entrepreneurs Go Back..

Indian Entrepreneurs Bharat Chhodo..

We were established as Communist nation. We are a Communist nation. We just tell citizens that we are socialist republic. They believe us. Fools.

We can nationalise anything and everything in innovative ways.

We are the Communists.

So what you are no more citizens of India, we will find you and we will tax you even higher.. We are core communists..

Ofcourse we welcome world to do business in India. We offer welcome rose with our right hand.

Just that we wont tell you our dominant hand is left. We are the leftists..

So what if we need you desperate now.. we still would make such discouraging announcements..

This is Kohinoor diamond amongst the gems..

When world is looking at a very real though limited zonal conflict scenario, the first proposal is defence cuts..!! The very first..!! Yeh hai hamare anmol ratan jinpe karodo nauchaver karte hai haar saal hum.. Param Veer Charka pradan karo in 50 "young IRS Officers ko"..

Unbelievable, instead of fast tracking infrastructure projects which will generate jons and MSME income, these 50 brilliant humans propose infrastructure budget cut !!

And when these project escalate in costs, well thats a different economy which bureaucracy enjoys.. shhhhhhhh..

MSME Entrepreneurs are certified chors.

They should be in jails. Yet see how tolerant we are towards them. We will throw some bread crumbs. Thats all they need.

Mercies..!!

Listen you unworthy humans of this country. We do understand that EVERY sector needs support.

Yet we propose this tax break and will incentivise only healthcare sector. Not out of compassion for you fools. Its because our kids and elders need first and faster preference in cure.

Most salaried do not suffer STCG but LTCG.

80DDA limit is Rs. 40000 (Rs. 1 lac) for Senior Citizens. Which private sector hospital gives ventilators at this cost..!!

Both practically infructuous, at best negligible.

What a dinosaurs gigantic leap from Rs. 10000 to massive unbelievable Rs. 20000..!!

Come what may, we will charge you interest.

What a brilliant way of saying: don't ask for refund of excess tax, instead carry forward as advance tax for next year.

Bureaucratic Brilliance..!!

Are you freaking kidding me..!!

I can at best understand no reduction in employees.

But no restructuring business in form of merger, demerger, amalgamation, sale of biz, et al..!!

No other incentives to be availed like exemptions..!!

What's the point of reduced rate of tax ??

What a brilliant display of entitlement over citizens money - "refund.. will serve as an indirect stimulus package for the Economy"

Returning citizen's money is stimulus package for them..!!

And why not refund tax payers their due for AY 19-20 ???

Meaning all those already under stress due to slowdown in economy and the current lockdown, who have not been in position to comply, will not get this small mercy..

Chahe tumhara business hi band ho jaye, par hamara interest kabhi na jaye..

Hey business people. Fire permanent employees immediately and re-hire them as contract / non-permanent employees - we will offer you 200% tax deduction.

Happy Tax Scrutiny to you..!! (and ofcourse the 'business' of that to us.. )

We propose to arrange a loan scheme for you to pay tax.

But we will charge you higher tax.

A rose by any other name.

Same goes for tax scrutiny.

Haathi ke daant dikne ke alag, khan eke alag..

Never trust anyone is our motto.

This takes the cake.. what a joke..

65% tax Amnesty scheme for undisclosed income..

I am laughing so so so hard..

To sum up:

1. The whole thing is so incoherent in many places. There is clear pendulum oscillation between relief proposals and massive trust issues.

2. We are land of Kamasutra. Tax people can screw us in ways we can never imagine.

Peace...