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Title: Desi Big Brother to keep eye on your Pay Pal expense Post by: ujjwaana on March 25, 2010, 02:17:29 PM I logged to my PayPal account after long time to change few option and was asked to furnish my Mobile No and, guess what, my PAN number:
With so many indirect taxes, I guess the govt sould soon credit our salaries to thier account and give us 'Pocket money' they think we worth. Lucky are the business people who can play with the taxes like Piano. Saleried people are doomed. Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: vinay on March 25, 2010, 02:23:54 PM This happened to me 10 days back. I had to enter info to continue.
Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: sahilkit on March 25, 2010, 06:01:38 PM how does it effect buyers and is the paypal personal transfer thing gone !
Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: sahilkit on March 25, 2010, 06:03:19 PM Quote With so many indirect taxes, I guess the govt sould soon credit our salaries to thier account and give us 'Pocket money' they think we worth sounds like a good idea may be the RBI will implement from next salary :giggle:Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: vinay on March 25, 2010, 06:28:09 PM With so many indirect taxes, can you explain? :headscratch: Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: ujjwaana on March 25, 2010, 07:44:05 PM Okay, Say I wanna buy a Car from my Hard earned, A** burnt money
1. You already paid 20% of YOUR money as TDS (Income Tax) 2. For rest what you pay for the car with: a. 30-40% are different octari/taxes on the finished car price b. What money the Car manufacture actually charges, he himself might have paid taxes 10-15% on raw material 10-25% on Corporate/environment etc etc taxes So just calculate how much goes to Govt for the each Rs you spent. "There is something Terribly wrong. The people should not fear the Govt. The Govt should fear people" - from feature film V for Vendetta I am not against paying taxes, but against what we get in return from Govt. 1. How many rely on Govt Hospital. 2. How many would go to Police, thinking 'All would be well' 3. How many would 'Love' to send their kids to Govt School, even though themselves might have educated there. 4. Dare to make this hobby under complete legal purview. :thumbsup: :thumbsup: , without fearing any harassment from authorities. Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: sahilkit on March 25, 2010, 08:58:30 PM so..................true :(
Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: vinay on March 26, 2010, 06:41:54 AM All Agreed though there is WAT in many countries...
but how does PAN affect paypal for salaried people? Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: sushil_anand on March 26, 2010, 10:50:16 AM Quote but how does PAN affect paypal for salaried people? In fact how does/should it affect ANYONE? Title: Re: Desi Big Brother to keep eye on your Pay Pal expense Post by: ujjwaana on March 26, 2010, 11:59:08 AM Its nothing wrong, but the tendency of putting PayPal under scanner. There were some clause in IT regime if your Credit card transaction exceeds Rs 2L.
There was this silly proposal from H'ble P Chitambaram some years back, wherein salaried people were supposed to keep all the bills/receipt of their yearly expenditure (grocery, restaurant etc)and furnish in Form 16. IT department should get their a** up and ooze money from business people as well, instead of extracting easy money from Salaried people. The amount of Tax stolen by average business is far far more than an average salaried person has scope to save (80C etc). There are 100s of loop hole for normal business to save tax. We are left in open with TDS... I suspect even all the VAT/ST tax we pay on bills to the shops actually goes to the Govt even! Poor we. |