February 4, 2015
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https://www.facebook.com/mehtarahulc/posts/10152579362491922
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https://www.facebook.com/mehtarahulc/posts/10152579362491922
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1. Rs 2 crore donation to AAP --- pointless issue. The donations came via cheque . So donation acceptor's irresponsibles are morally as well as legally minimal. Also, inland cheque transactions i.e. cheque transactions where both parties are in India , can never create money laundering. In any case, the Income Tax dept and Election Commission can obtain cheque number, bank name etc and establish any case if there is.
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2. SoMoKe are supporting Mumbai High Court's decision that will effectively ensure that foreign companies dont have to pay any capital gains tax !! How? Say company X is registered in India. So when A sells share of X to B, A has to pay capital gains tax. But lets say a foreign company Y owns share of X. And A and B are foreign companies. Then A sells Y to B, and capital gains tax will be zero even though effective ownership of X did change !!! This is contrary to nexus rule aka section-9 of Indian Income Tax act . But SoMoKe have supported this High Court ruling.
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Solution I propose : if shares are owned by a foreign entity, then every 5 year , a tax should be applies on it which should be 30% of increase in its value i.e. all share owned by foreign entities should be subject to deemed capital gains tax.
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Otherwise, as per SoMoKe's stand, the defactor rule will be "gora shall pay no capital gains taxes ; desi must pay capital gains taxes" !! SoMoke andbhagats are also supporting this defacto stand.
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3 RSS-apex and RSS-workers support Maharashtra Govt 's decision for field trial of GM crop. And so do SoMoKe and SoMoKe-andbhagats. Only we at Right to recall group are opposing GM crops and BT crops. BST-workers too are shouting slogans supporting MH-govt. So please leave CoBhApSwaRa-workers and pls work with Right to Recall group
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2. SoMoKe are supporting Mumbai High Court's decision that will effectively ensure that foreign companies dont have to pay any capital gains tax !! How? Say company X is registered in India. So when A sells share of X to B, A has to pay capital gains tax. But lets say a foreign company Y owns share of X. And A and B are foreign companies. Then A sells Y to B, and capital gains tax will be zero even though effective ownership of X did change !!! This is contrary to nexus rule aka section-9 of Indian Income Tax act . But SoMoKe have supported this High Court ruling.
.
Solution I propose : if shares are owned by a foreign entity, then every 5 year , a tax should be applies on it which should be 30% of increase in its value i.e. all share owned by foreign entities should be subject to deemed capital gains tax.
.
Otherwise, as per SoMoKe's stand, the defactor rule will be "gora shall pay no capital gains taxes ; desi must pay capital gains taxes" !! SoMoke andbhagats are also supporting this defacto stand.
.
=====
.
3 RSS-apex and RSS-workers support Maharashtra Govt 's decision for field trial of GM crop. And so do SoMoKe and SoMoKe-andbhagats. Only we at Right to recall group are opposing GM crops and BT crops. BST-workers too are shouting slogans supporting MH-govt. So please leave CoBhApSwaRa-workers and pls work with Right to Recall group
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