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Sunday, March 18, 2012

2000 crores Loss to Union Government says Gold sellers?

2000 crores Tax revenue Loss to Union Government says Gold sellers? Yes! Today evening this is a news from Gold shops owners assosiation to media . News media flashed this news.

As per this Loss on closed Gold shops sales for 2 Days in India,it means 2000 x 30 days = 20,000 crores and for the remaining 335 days in this financial year = 20,000 x 11 = 2,20,000 crores or 22o Billions plus for 5 days 3300 crores approx.so Total amount comes to 223 billions approx.is the answer.

Now it may be the duty of Press and media to find out ,whether this is the Tax amount collected in the previous years matching in to income tax as revenue to the department from Gold shop sales. It can be slightly lessor is agreeable.

It may be confirmed to people by press and media collecting the data from Government Departments about the revenue recieved in Rupees from these Gold Jewel sale shops as salesTax revenue to give knowledge about Tax Exploitation to Government from the sales of Gold Jewels from these shops .

Does the assosiation or its leader is ready to taker the Moral responsibility against any huge amount evaded /exploited sales Tax amount to government payable.

Thanks.


Posted by j.k.sundararajan at 9:04 AM
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