Raj_Lachhi IRS

12.4K posts

Raj_Lachhi IRS

Raj_Lachhi IRS

@raj_irs

Chief Commissioner of Income Tax (Retd)..Views are personal. Retweets are not endorsement.

Katılım Haziran 2019
1.8K Takip Edilen422 Takipçiler
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
also does acrobatics with law n earlier binding decisions to achieve what ever they want to hold in a particular case..
English
0
0
0
0
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
pay the least tax.. its unfair..so if LTCG pays 12.5 %, STCG guys shud pay 10% or even lesser.. government should incentivise the STCG so that STT revenue is higher..@nsitharaman,@PMOIndia
English
0
0
0
6
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
in fact, it should be just the opposite- STCG guys should pay least tax as they rotate their funds more than the LTCG; as a result, STT revenue from STCG guys is much more.. where as in LTCG, many are promoters who are selling, who hardly pay any STT or max one time STT, n they
Fundamental Investor ™ 🇮🇳@FI_InvestIndia

Dear FM Madam @nsitharaman ji, I have said it before. And I'll say it again. Loud & Clear. LTCG of 12.5% on Equities is one of the Lowest in the World. But there are a few issues: 1. LTCG was ZERO from 2004 to 2018. STT was introduced to offset the Loss in Revenue. It incentivised long term Investors to Hold on Patiently and enjoy Long Term Returns. I believe that Step was something Golden and rewards Long Term Thinking. FM Madam should reconsider this. Keep STT. Abolish LTCG. 2. STT is already taken for every transaction. This is a tax. Again putting Capital Gain, especially on Long Term Gains is not Ok. This is my Opinion. STT is borne by the investor irrespective of Profit or Loss. 3. We are not against Paying Taxes. In fact, we all Pay Income Tax, Capital Gains Tax, GST, Excise, VAT, Tax on Dividends and what not. The problem is the Freebies which are Distributed during the Elections. This is not at all ok. We don't want a single rupee of our Capital Gains to be used for Freebies. Please. I humbly request the FM Madam to Abolish LTCG on Equities. Make the Long Term Period 24 months instead of 12 months. You will see Patient Capital 👍 For Indian Investors like me, the Pain is lesser. We will continue to Create Wealth. But what about our FII brothers & sisters. They also deserve to get minimum returns in Dollar Terms. I feel for the FIIs who have suffered due to declining Rupee and they still have to pay LTCG on Rupee Terms. Something the FM Madam and team should revisit. I think that it is a good time to implement this. FII no longer control our markets. Domestic Funds are consistent and plenty. If FIIs leave, let them Leave with Head Held High. That is our Responsibility. India Structually is Brilliant. Let's make it Tax Friendly as well. Patient Capital will Flow More & Stay, if these Steps are Taken. A Proud Indian Investor, #FI

English
1
0
0
36
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
routed lots of money to these funds without paying any taxes n made portfolio of 50/100 crores
English
1
0
0
3
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
taxfree contribution by employer to all schemes (PF, NPS, and superannuation) is limited to 7.5 lakhs annually ..n then limit to the tax free interest earned on PF account... it was a good provision .. in fact , it should have been brought in much earlier as high grade employees
Sundara Rajan@sundarmail

An example of @FinMinIndia Babugiri on PF: If an employer contributes for PF, tax free employee contribution is limited to 2.5 lakhs PA. A GOI employee could contribute upto Rs 5 lakhs PA tax free, as there is no employer PF. Earlier there was no limit. @nsitharaman

English
1
0
0
46
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
it is for the civil group to bring it to the court n fight it legally...if u recall reservation for marathas in mahrasatra keeps getting knocked down by courts..
English
0
0
0
40
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
not really.. religion based reservation gets merged in OBC quota.. reservation above 50% can be challenged n most of the time SC/HCs have annulled such law.. BJP is also a political party n it will keep its constituents happy by bringing in law to enlarge the scope of reservation
Adv Deepika Sharma@DeepikaSharmaa_

Does he know that in many BJP ruled states reservation has already been taken close to 80%? Matlab ab inhe 50% ki limit se dikkat nahi. These people keep shifting the goal post for BJP. Also BJP is considering reservation based on religion too and in fact, many Christian and Muslim castes do get reservations even today. BJP’s Ministers have openly supported reservation in Private Sector. So shut up!

English
1
0
0
862
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
so far as such special provisions relate to their admission to educational institutions including private educational institutions, whether aided or unaided by the State, other than the minority educational institutions referred to in clause (1) of article 30.
English
0
0
0
1
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
5)Nothing in this article or in sub-clause (g) of clause (1) of article 19 shall prevent the State from making any special provision, by law, for the advancement of any socially and educationally backward classes of citizens or for the Scheduled Castes or the Scheduled Tribes in
English
1
0
0
2
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
these premier institutes, your life is made and you are competent to compete ...@PMOIndia
English
0
0
0
2
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
NLUs, AIIMs etc..3.once u avail benefit of reservation for admission in any of these institutes, u will not be allowed to avail reservation in government jobs. logic is v simple- let others within the same group of SC/ST/OBC avail of benefits bcoz once u get admission in any of
English
1
0
0
3
Raj_Lachhi IRS
Raj_Lachhi IRS@raj_irs·
NO need at all .. they bound hv improved on the existing road itself .. may be build a few over bridges etc..@PMOIndia
English
0
0
0
5