The objective is to outline all tricks people employ in India so that Government can unearth black money.
One trick:
I have noticed vegetable vendors and furniture shops whose capital investment is billions of rupees.
Even though their sales are "nil" they need not pay income tax on the "billions of capital investment" and black money is converted into white money.
The only expense for them is "rent" they need to pay for their shops.
2007-02-23 18:54:17 · 8 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
In India there is no tax on capital investment.
2007-02-23 19:12:42 · update #1
Eat lots of hot and spicy curry but keep water close by.
2007-02-23 19:01:48 · answer #1 · answered by Your Mom 5 · 0⤊ 2⤋
Evade Income tax in India or anywhere in this whole World is illegal. I am not the right person to teach you as to how to evade income tax in India.
You should always ask the question "How to pay all taxes honestly and properly?
2007-02-26 00:57:17 · answer #2 · answered by Indian wizard 2 · 0⤊ 1⤋
To be honest, evading tax is not moral.
PLEASE PAY UR TAX IN TIME AND IN FULL.
Do some good tax planning keeping in mind the provisions of law and case laws.
do employ a professional tax practitioner to help u.
There are a number of ways to minimise ur tax bill.
2007-02-25 21:03:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, I think u should pay the tax, if your income beyong limit, otherwise don't return file & take risk.
2007-03-02 17:08:45 · answer #4 · answered by vipali g 1 · 0⤊ 0⤋
Dont file income taxes
2007-02-23 19:08:05 · answer #5 · answered by P Ni Ka 3 · 0⤊ 1⤋
Evading taxes is illegal. Avoiding taxes is legal.
2007-02-23 18:58:59 · answer #6 · answered by Anonymous · 1⤊ 0⤋
u wanna evade taxes--i have a perfect solution--kill yourself
2007-02-23 19:06:11 · answer #7 · answered by cherark 2 · 0⤊ 2⤋
move
2007-02-23 19:00:16 · answer #8 · answered by ajb2606 1 · 0⤊ 2⤋