Amitabh Bacchan and Ashvrya Rai Bacchan hide their black money

What is given here is my personal view. Had it been  a news item, I would have given a weblink. More over, I had added more of my personal views in the same thread, while responding to M.G Singh.

rambabu wrote:

anil wrote:

MG Singh wrote:

I think this is just news that is given with an edge of sensationalism. Offshore companies are legal and are allowed in Dubai also. Though there are names of some 500 Indians , mark my words nothing will come out of this exercise. 

if these investments are legal why peoples didn't disclose it to tax authority of India. I am agree with you that noting will be come out but reason behind may be some other one. Pressure on government.

Right now,  we should see whether the Indian investors figured in  the Panama Papers followed the rules or flouted the rules pertaining to investments in foreign  countries. All the investors denied that they had done nothing illegal. They had followed all applicable rules and regulations of Govt. of India RBI, FEMA and income tax.And regarding the outcome, it's too early to say conclusively.

Yes we must be wait. After Bofforce scandle Amitabh again facing blame.

 

 

 

anil wrote:

rambabu wrote:

anil wrote:

MG Singh wrote:

I think this is just news that is given with an edge of sensationalism. Offshore companies are legal and are allowed in Dubai also. Though there are names of some 500 Indians , mark my words nothing will come out of this exercise. 

if these investments are legal why peoples didn't disclose it to tax authority of India. I am agree with you that noting will be come out but reason behind may be some other one. Pressure on government.

Right now,  we should see whether the Indian investors figured in  the Panama Papers followed the rules or flouted the rules pertaining to investments in foreign  countries. All the investors denied that they had done nothing illegal. They had followed all applicable rules and regulations of Govt. of India RBI, FEMA and income tax.And regarding the outcome, it's too early to say conclusively.

Yes we must be wait. After Bofforce scandle Amitabh again facing blame.

I agree with you. In such matters especially, when the Indian investors are very sure  that they did not do anything illegal, It's better to wait and see what the investigation, if at all, if there is an investigation.

 

 

 

 

anil wrote:

sarala wrote:

Bollywood actors and actress hiding their money in other countries is a known truth. I won't find any new in this. More over these people only won't pay income tax.

Not only Bollywood actors, we India don't like to pay Income tax. What is yours views about our politicians.tn is, people who sincerely pay the bill, the tax people will harass them by calling and asking the address and whether they have paid or not. But people  who neglect the tax payment, they cannot anything of them.

Latest news says,that the Government of Panama assured India that it will investigate all the  investors ( 500 Indian citizens including Amitabh Bachchan and Aishwarya Roy ) and check whether their statements that all their investments took place in accordance of the rules of the Govt of India are correct or not. Until the investigation is completed let's wait.

@Sarala you are very right. However the honest tax payer is paying because he has no choice. Those who have, siphon the money to tax havens. 

You are right Vijay.. It has to be seen how honest are our Indian investors named in the Panama papers. Now the investigation started. Let's wait and see the Honesty factor in the listed investors.

Waiting is only alternative for the common man. What have past investigations revealed. Frankly nothing will come out this time also. You are hopeful , best of luck.

vijay wrote:

Waiting is only alternative for the common man. What have past investigations revealed. Frankly nothing will come out this time also. You are hopeful , best of luck.

So kind of you

Not only Bollywood actors, we India don't like to pay Income tax.

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

 my son -in -law who settled in the USA earning  money through legal ways and he is a tax payer  and posses the required documents. He bought a house in Srikakulam where his old parents live.His parents live on the rent earned on the house.

usha manohar wrote:

Not only Bollywood actors, we India don't like to pay Income tax.

 

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

Earning is foreign countries and sending money to families is not illegal if channel which some one use to send is legal. I read today the company in which Amitabh invested is running by his younger brother Ajitabh. Some thing is in mess. 

anil wrote:

usha manohar wrote:

Not only Bollywood actors, we India don't like to pay Income tax.

 

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

Earning is foreign countries and sending money to families is not illegal if channel which some one use to send is legal. I read today the company in which Amitabh invested is running by his younger brother Ajitabh. Some thing is in mess. 

 

Now, its found  more and more members are involved in panama Papers. The govt of Panama is investigating  the members and they are recording the statements. The outcome of the investigation will be out soon.

 

rambabu wrote:

anil wrote:

usha manohar wrote:

Not only Bollywood actors, we India don't like to pay Income tax.

 

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

Earning is foreign countries and sending money to families is not illegal if channel which some one use to send is legal. I read today the company in which Amitabh invested is running by his younger brother Ajitabh. Some thing is in mess. 

 

Now, its found  more and more members are involved in panama Papers. The govt of Panama is investigating  the members and they are recording the statements. The outcome of the investigation will be out soon.

smoke is not possible without fire.

 

 

anil wrote:

rambabu wrote:

anil wrote:

usha manohar wrote:

Not only Bollywood actors, we India don't like to pay Income tax.

 

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

Earning is foreign countries and sending money to families is not illegal if channel which some one use to send is legal. I read today the company in which Amitabh invested is running by his younger brother Ajitabh. Some thing is in mess. 

 

Now, its found  more and more members are involved in panama Papers. The govt of Panama is investigating  the members and they are recording the statements. The outcome of the investigation will be out soon.

smoke is not possible without fire.

May be you are right.  Investigating team will find out

 

 

 

anil wrote:

usha manohar wrote:

Not only Bollywood actors, we India don't like to pay Income tax.

 

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

Earning is foreign countries and sending money to families is not illegal if channel which some one use to send is legal. I read today the company in which Amitabh invested is running by his younger brother Ajitabh. Some thing is in mess. 

 

Sending money to India or investing money earned abroad is not illegal and when you do invest, you have to show the necessary documents and unless everything is in order ,you will not be able to complete the transaction. Here the question is whether these people have invested money in India fr which they have not paid taxes , which is a crime. But if the money was earned abroad and invested there it is perfectly legal.

anil wrote:

usha manohar wrote:

Not only Bollywood actors, we India don't like to pay Income tax.

 

That is true, however, regarding the money invested in foreign countries, it depends on where the money is earned. Say for example you earned that money through fair and legal means in UK, you also pay taxes there and after that you are free to invest the money where you want provided you have the documents to prove that. Many people living abroad buy houses and when they come back rent it out and the money earned if not brought back to India is not taxable , thats what I am told by the CA..

Earning is foreign countries and sending money to families is not illegal if channel which some one use to send is legal. I read today the company in which Amitabh invested is running by his younger brother Ajitabh. Some thing is in mess. 

 

Sending money to India or investing money earned abroad is not illegal and when you do invest, you have to show the necessary documents and unless everything is in order ,you will not be able to complete the transaction. Here the question is whether these people have invested money in India fr which they have not paid taxes , which is a crime. But if the money was earned abroad and invested there it is perfectly legal.

i think actor who is a legend making a wrong impression on the people of India. he is setting a bad example to his followers, which is really huge in number almost half of the country. 

Arun Jatley said, a multi agency probe on Panama papers is  on now. He asserted that the probe is being done in an impartial way. Jatley further said, when the details come out, Congress will not have many reasons to celebrate. Entire Nation is anxious about the outcome of the probe.

Babu saroj wrote:

i think actor who is a legend making a wrong impression on the people of India. he is setting a bad example to his followers, which is really huge in number almost half of the country. 

We cannot judge unless we know all the facts and as of now Amitabh's name is on the list and so also many other peoples names. Celebrities become the target for many wrong doings by others, who use their name and status .