Over the lunch, we guys could not help but wonder how complicated Indian Budget is.
After reading the budget, I was wondering what is the tax rate on Umbrella.
Honestly, the only correct answer is:
“It depends on who is asking.”
The tax rates depends on whether it was made by a big industry, cottage industry or a medium industry.
It depends on whether the umbrella was fold-able or not. If foldable, then how many folds does it have.
What fabric it was made from silk, polyester, plastic.
Was the cloth imported or domestic.
If domestic, then was it made in a hand loom, a power loom. By an Indian company or a MNC?
Were the components assembled in Mumbai (or developed regions where it rains) or some arid backward regions of Rajasthan?
…..
…..
The list goes on.
Why do Indians make everything so complicated?
Does it really help and serve its purpose?
I would have really helped if the Budget was a 2 page document
1st page is the balance sheet, explaining how, where and how much were the taxes collected and spend
2nd sheet: a simple addendum stating the difference from the last time.
8 replies on “Indian Budget”
there would be no fun for the mantri or his bureaucrats who would have no scope to do the fudging and getting of all the donations in cash that too – unlimited and tax free …
remember the bangaru incident? well. do u think the bjp is alone in this game.
yups more twisted and complicated the rule book is, the more powers these babus will wield.
about Bangaru….
how many politicians in the last 60 years were convicted? so things will go as normal
🙂
how many were booked even ?? phew precious few !!
ya there r often CBI raids and stuff, but little or no result. same with bureaucrats, the worse that can happen is that they are suspended.
but there are – money does change hands or alliances do happen and break dont they ?? look at centre maya relationship..
i agree but there was no conviction in spite of crs of unaccounted money being siezed
true ,
but then there are the vips vvips and the aam admis whom they profess to serve
and sadly 🙁 we are in the last lot
dont u remember the hasan ali case and how it was hushed up ??
people like him have given the small time politicians and businessmen access to swiss and isle of man banks
http://techntrek.wordpress.com/2008/02/28/democracy-of-shortages/
guys like Hasan ali know too much to be put behind bars.