Friends,
The US Congress has passed a bill granting businesses to adjust losses incurred currently against profits made up to five years back and get refund of taxes paid. This is very remarkable gesture shown towards businesses and is in line with the job less claims allowed.
Our govt should also show such gesture towards business people who pay heavy taxes when going is good but have nothing to fall back on when in dire strait. This will make our coporates more honest as far as payment of taxes is concerned. There are innumerable business enterprises which paid taxed for ten of years and had to wind up when suffered losses due to change in environment on which they had no control.
Hari Om,
Krsna Khandelwal
BIRDINFO Stock Rx - A prescription for stock market
1 comments:
"Our govt should also show such gesture towards business people who pay heavy taxes when going is good but have nothing to fall back on when in dire strait. This will make our coporates more honest as far as payment of taxes is concerned. There are innumerable business enterprises which paid taxed for ten of years and had to wind up when suffered losses due to change in environment on which they had no control."
You said it!
Be it individual or corporates, Indian govt takes taxes for yers but are not providing any monetary help when bad times come.
US and other European countries have a system of social security to meet bad times.
In India, you are on your own.
And yet, you claim India is the best place to do business??????
Do you now realise your own mistake?
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