Have you filed your Income Tax returns?
Paying our taxes is one of the integral things as a citizen of the country. Even though some people are against the tax system, I personally think that taxation is significant and that's what makes a country a safe place to live. I understand that governments make mistakes and they waste the tax money on schemes that are not even good. But I guess it is a problem everywhere and we have to find a solution for that but instead focusing on removing the tax system completely is not a good thing at all.
I remember one of my friends used to say how safe we are in India. There are countries in the world where when we step out of the house, there will be people with guns who randomly shoot at people. We are thankful to the government that we are able to roam freely even in remote places and also during late night when there is a need for enough safety.
The amount we give from the tax money is used for various things. People might complain saying that it is being unnecessarily spent on the politicians and they have so many benefits that are not even required. I agree to some extent but there are also other places where our tax money goes and makes us feel safe about everything. The next concern that is raised by people is the fact that the tax amount is very high. I understand there are many countries all over the world that charge very low taxes on their citizens. Some countries don't even collect any tax from their citizens. Those countries have a high cost of living and at the same time, they are developed to a greater extent so that the government doesn't rely on the tax money.
Talking about taxation, in general, is a controversial topic. Some people find this important and some people complain about the tax system and how they want it to be better. In India, we have up to 30 percent income tax. If we are working for an employer, we might have our tax deducted at the source and we would receive a Form 16 which can then be used to verify with the government and apply for any returns if we have. Last month 31st was the last date to file income tax returns. This is a procedure in which we declare what is our income and if we have any returns or exemptions. Even if we have zero returns, it is always a good practice to file income tax returns.
A few years back it was very hard to file income tax returns from government websites. In the last few years, things have changed and we are able to file income tax returns without any problem. Only in the last few days, we will have system hiccups but otherwise, the procedure is straightforward and the website is friendly enough for everyone to go and file their income tax returns if they have a Form 16 with them. I have also filed my returns for this year and expecting some amount as a return. Hopefully, others who are in India would have also filed their Income tax returns I believe.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
 |
 |
 |
 |
 |
 |
Posted Using LeoFinance Beta
I probably pay 65% in taxes.. I call poo
Oh wow wth. 😱
I agree with your thoughts on taxation.
As citizens of the country, instead of complaining about taxes, we should concentrate on governments that ensure that taxation is done correctly and that taxes are levied on those who actually earn. We should also give a chance to more transparent administrations about where the taxes are spent.
Transparency is very hard. They wouldn't agree to that.
View or trade
BEER.Hey @bala41288, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.I have filed them. Such a painful process for me always. These numbers confuse the fuck out of me. Haha!
I feel taxation is a scam and 99% of the money goes into corruption.
Posted Using LeoFinance Beta
We have to continue doing that until we have complete decentralization or visibility on where our tax money goes.
Absolutely true bro.We should not escape paying taxes.Every little contribution is important to build a good nation.Yeah it is another fact corrupt people inside government misuse it. I become very surprised when politicians talk about their achievement by saying "I build many collages ,schools and hospitals."lol We don't want to know what they did for their political career. What we want is account of earning and expenses in open source.They need not to blow their own trumpet.Ridiculas!
Block-chain in main stream can be a panacea.
Thanks for sharing your thought.
So I am gonna push back, lol. I am in the camp that taxation is theft. I do not believe in paying federal income taxes so I do what I can to not do so. Militaries do not protect the people, they kill people and protect the state.
In the US, where I am, our federal taxes are completely mismanaged and goes to crap that actually harms people or just outright kills people. Governments want you to think they keep you safe, but that's not the case. In the US, if someone were to call the police, it would easily be a 30 minute or more response time on average. Whatever situation you need them for is done by then. So we, as citizens must protect ourselves.
If anything paying local taxes based on consumption is something I can live with to pay for things on a local level.
I have not filed yet, I filed an extension so I have until Oct, but I am deciding on whether or not I am going to support the lies or the corruption anymore. At least if I do, I am going to write off everything I possibly can so I don't have to pay anything.
Governments are nothing more than giant organized crime syndicates.
Maybe that's the case in US. We also have corruption and mismanagement of our tax money in India as well.
Maybe if we can rely completely on the crypto income alone without the visibility of the government, it can be a possibility. Otherwise I think we have to continue paying taxes and be like this. 🙂
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
There is no income, how to pay tax😂😂
You can still file no income. Filing is good.
Hmmm😁😁
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
I do file my tax returns and I see no reason to give the government a reason to go after me. I don't want to be another McAfee. However, I do think the government is horrible at getting things done and waste more money than needed.
Posted Using LeoFinance Beta
I managed to do it on 31st July :-)