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HAS AGRICULTURAL INCOME BECOME A TOOL FOR MONEY LAUNDERING IN INDIA ?

  Agricultural income   earned by a taxpayer in India is exempt under Section 10(1) of the Income Tax Act,1961. What is more shocking and surprising is that this so called agricultural income is tax free without any limit. You can have unlimited amount of agricultural income without paying even a single rupee towards income tax.   While income tax is levied on all types of incomes from all the persons, why Government is not imposing any income tax on agricultural income, is a million dollar question. Some people are under the wrong impression that our Government is very considerate and sympathetic towards the farmers community and do not want to impose income tax on agricultural income of farmers. However, this is completely untrue. Had it been the intention of the Government to provide the relief to farmers by not subjecting them to income tax, it could have been done by fixing a threshold for tax free agricultural income. If some type of income is made completely tax free without

WHY INDEPENDENT DIRECTORS ARE ACTING AS “PUPPETS” OF THE MANAGEMENT ?

  * There are around 7000 Listed Companies and 66000 unlisted companies in India. All listed companies and a majority of unlisted Public Limited Companies are required to have Independent Directors on their Board as per the Companies Act, 2013 as well as in terms of the Listing Agreement of Stock Exchanges. *The basic intention and spirit behind appointing the Independent Directors on the Boards of Companies is to ensure that the operations of these entities are monitored by Independent experts because these Companies are running on the funds invested by the general public and the funds borrowed from the Financial Institutions and Banks. * If the really "Independent" persons are appointed on the Board of these Companies, which was the true intention and spirit of law, it would mean that there will be no misuse and diversion of public money and funds borrowed from the Banks and the Financial Institutions. *Companies Act, 2013 provides a negative list of persons who could

WHY EVERYTHING IS NOT RIGHT AT DMIC IITGNL ?

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  Although there are a total of four Industrial Development Authorities in Gautam Buddha Nagar District of Uttar Pradesh, but most people only know about the Noida Authority, Greater Noida Authority and Yamuna Expressway Authority -Very few people know about the fourth Industrial Development Authority which is DMIC IITGNL ( Delhi Mumbai Industrial Corridor Integrated Industrial Township Greater Noida Limited). Actually the office of this authority is also inside the office of Greater Noida Authority and the management of Greater Noida Authority is controlling and managing all the affairs of this Authority. The misdeeds of this authority are not coming in front of the Public and the State Government is also completely unaware and oblivious to the strange adventures of this authority. DMIC IITGNL also refuses to answer the questions asked under the Right to Information Act to hide its misdeeds - The questions asked through RTI are not answered satisfactorily.   Significantly, DMIC II

वित्तीय घोटालों और अनियमितताओं में घिरी हुई है उत्तर प्रदेश सरकार की इंडस्ट्रियल डेवलपमेंट अथॉरिटी

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  गौतम   बुद्ध नगर में वैसे तो कुल चार प्राधिकरण हैं लेकिन ज्यादातर लोगों को सिर्फ नॉएडा अथॉरिटी , ग्रेटर नॉएडा अथॉरिटी और यमुना एक्सप्रेसवे अथॉरिटी के बारे में ही जानकारी है - चौथी अथॉरिटी जिसका नाम   DMIC IITGNL है , उसके बारे में बहुत कम लोगों को जानकारी है . दरअसल इस अथॉरिटी का ऑफिस भी ग्रेटर नॉएडा अथॉरिटी के ऑफिस के अंदर ही है और ग्रेटर नॉएडा अथॉरिटी के मैनेजमेंट ने इस पर पूरी तरह कब्ज़ा किया हुआ है जिसकी वजह से इस अथॉरिटी के कारनामे जनता के सामने   नहीं आ रहे हैं और प्रदेश सरकार भी इस अथॉरिटी के अजीबोगरीब कारनामों से पूरी तरह अनजान और बेखबर बनी हुई है . अथॉरिटी अपने कारनामों को छुपाने के लिए सूचना के अधिकार कानून के अंतर्गत पूछे गए सवालों का भी जबाब देने में आनाकानी करती है -आर टी आई के जरिये पूछे गए सवालों का या तो अथॉरिटी द्वारा कोई संतोषजनक जबाब दिया ही नहीं जाता है और अगर दिया भी जाता है तो वह आधा अधूरा और असंतोषजनक होता है . गौरतलब बात यह है कि  DMIC IITGNL   की स्थापना