Monday, March 28, 2011

Black money Hasan Ali

Hi friends and viewers here is a message about Black Money Hasan Ali and supreme Court.

Today supreme court called the Government to give explanations on Black Money Generation.

This is a surprising act from supreme court, since all Dignitaries at supreme court are also living in the same Indian soil.

This has been already detailed in a erlier post of mine. Again as a social responsibilty I would like to say few lines here.

Government at center and State were not at all allowing the Income-Tax Department function freely. Lot of obstacles in Income Tax from the Government is the Main cause for this Black Money.

We Indians Know pretty well in Most of the Business done , even with huge sales and collection on every day at many shopping Malls /shopping centers selling Textiles,House Hold vessels,Computers and Electronic Goods,Gold Jewelary sales ,(Temples,church,Mosque with trust account many sages and their trusts and their accounts not paying correct Tax to Government because many Politician and their Money floated in these Mutts and converted in to white Money) in Particular were not forced to sell vide Invoice/Bill with Tax Numbers. In all these Huge Shops with Huge sales do sales through a slip which do not have any Tax Number details/informations . So The shop owners were allowed to do sales and allowed to not to pay correct Tax amount payable against the correct sale volume in terms of Money.

The Prime People for the Cause of Black Money generation is Qualified Auditors with C.A.,I.C.W.A.(auditors with either both or one or withe other  qualification). These Professional people do write accounts for the expectation of people).To stop this Government has to form a council with authority ,Like Medical council, to disqualify this certificate as auditor. Income Tax department has to be given authority to ride Auditors with out any notice. I believe These measures will make a full stop to Black Money generation.

All these Well Known to Highly qualified and Trusted people at Supreme court. So supreme court must try to bring out a law in to force to control this will give a better result.

I do not say that Central and State Government alone  are responsible,but we people are also responsible in this matter.we need to help the Government,because Government is for the people,by the people and to the people as per Democracy.we must sell or buy must insist for a Bill/Invoice.

So Government Loosing  Huge Tax Revenue but on the other Hand Black Money is generated and growing to a huge Money in value. This is the exploitation to Government and it is Known to all in India including Legal People in Supreme court.

Let us hope for a change to get started to get Huge revenue to the Government and not to allow the illegal sales of any thing in Indian Market.

Thank you.

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