ALL persons holding an Indian citizenship to pay TAX on their WORLDWIDE Income

[solman]

The Government of India will introduce a new policy, effective from 31 March 2017, that will force ALL persons holding an Indian citizenship to pay TAX on their WORLDWIDE Income.  This means that if you are holding an Indian passport, regardless of where you reside in the world, and even if you have not travelled to India for a long period of time, you will be forced to declare your worldwide income to the Indian Tax Authorities, which worldwide income will be subject to Indian Income Tax. 

Last year, 15,000 Indian nationals took up residence in Dubai for tax saving purposes. Others relocated to Hong Kong, Singapore, Mauritius and other low tax jurisdictions in order to mitigate their tax liability in India. However, when the new policy comes into place, regardless of their tax residence, the Indian national will still have to declare their non-Indian wealth to the Indian Government. This model to be adopted by the Indian Government is taken from the USA model. In the USA, the Government levies tax on the worldwide income and estate/gift returns on ALL USA citizens, regardless of where you live.

 

Source: Whatsapp

[mastercheif]

Whatsapp ante idhi nijam

[Luke]

lol

[mettastar]

1 minute ago, solman said:

The Government of India will introduce a new policy, effective from 31 March 2017, that will force ALL persons holding an Indian citizenship to pay TAX on their WORLDWIDE Income.  This means that if you are holding an Indian passport, regardless of where you reside in the world, and even if you have not travelled to India for a long period of time, you will be forced to declare your worldwide income to the Indian Tax Authorities, which worldwide income will be subject to Indian Income Tax. 

Last year, 15,000 Indian nationals took up residence in Dubai for tax saving purposes. Others relocated to Hong Kong, Singapore, Mauritius and other low tax jurisdictions in order to mitigate their tax liability in India. However, when the new policy comes into place, regardless of their tax residence, the Indian national will still have to declare their non-Indian wealth to the Indian Government. This model to be adopted by the Indian Government is taken from the USA model. In the USA, the Government levies tax on the worldwide income and estate/gift returns on ALL USA citizens, regardless of where you live.

 

Source: Whatsapp

how will that work man.. shitty rule.. pake pakodi rule

[solman]

Just now, mettastar said:

how will that work man.. shitty rule.. pake pakodi rule

US lo work avutundhi kada.. enduku work kadu manaki... Actual gaa idhi machi rule... Indian govt ki manchi income vastadhi ee rule implement cheste....

[mettastar]

1 minute ago, solman said:

US lo work avutundhi kada.. enduku work kadu manaki... Actual gaa idhi machi rule... Indian govt ki manchi income vastadhi ee rule implement cheste....

so ipudu neku vache 100K lo 30% US ki tax katti .. malli 70% meda india lo 30% tax kadathava ?

[solman]

Just now, mettastar said:

so ipudu neku vache 100K lo 30% US ki tax katti .. malli 70% meda india lo 30% tax kadathava ?

appudu tax rates change untayi lee uncle.... ayyina ee news genuine ani kooda telyadu lee uncle... evado whatsapp lo forward cheste ..nenu ikkada vesa anthe

 

[idibezwada]

lol

[micxas]

wait for bodi  posts

[Balibabu]

Rule pettina kattudu ledu kudradu ivvam..,

[Merabharathmahan]

This should be implemented only to people who are working/living in Non-Tax countries like Saudi. 

if we are tax paying residents in one country then we should pay taxes on world wide income in that country. 

If american citizen working in other country and paying taxes in other country then he has to pay taxes in tax paying resident country. but he should disclose all income to usa right. How come one person pay taxes in both countries on same income. 

 

Ayina ee pichi govt. motham tax related issues meedane enduku intha concentration chuyistundo deeni venaka evadu advisor o artam kavatledu. First politicians ki iche budget dabbulu track cheyamanu ekkada karchupedtunnaro ani

[i_sudigadu]

21 minutes ago, mastercheif said:

Whatsapp ante idhi nijam

[ronitreddy]

2 hours ago, solman said:

US lo work avutundhi kada.. enduku work kadu manaki... Actual gaa idhi machi rule... Indian govt ki manchi income vastadhi ee rule implement cheste....

Abbooo..Ante nu US lo tax kattala, malla INDIA lo tax kattala anthena?

Enduku ayya ante..Eppudo gaani 1-2 years ki oka sari INDIA poyi akkada oka 15-30 days undi resources use cheskunanduka?

[ronitreddy]

18 minutes ago, mettastar said:

so ipudu neku vache 100K lo 30% US ki tax katti .. malli 70% meda india lo 30% tax kadathava ?

Anthe ani maa MODI tatha telling mari

[Barney_Stinson]

lol