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Showing posts from February 7, 2018

The big myth on Income Tax Payers in India!!!

The big myth on Income Tax Payers in India!!!  Data from a Chartered Accountants'Company Secretaries and other professional bodies and groups.......; ✍ FM said during his budget speech that we are largely a tax 'non- compliant' society and presented that only 3.7 crores are  filing ITRs in this poor country of 125 crore population . *The reply by CAs ,CSs,CMA,s Sir, We have 82 crore voters out of which, - 75% are agriculturists  ie. 61.5 crores ( You exempted them straightaway, but they can also buy cars , bungalows etc. as you quoted.. Your political colleagues are also enjoying this exemption) Balance remains... 20.5 crores Less:24% BPL class ( Below poverty line) Means 15 crore population ( which is non agriculturist and non BPL) .. Less : Senior Citizens, Non working wives, unemployed youths, below-taxable income earners... political class.. (say 75%) ... in a typical indian family only 1 earning member and 5/6 are dependent on him.... Balance: (15...