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Comments Posted
Name : Jasmin RupaniCity : Kolkata
ARN NO : MoneyFest WealthDate : 30 Jan 2017
Comments :
What happens when I move my money from one bank account to another? What happens when I give or take a loan from my wife? What about cash transactions? Many such questions will crop up. BTT seems simple on paper but it could be quite complicated in practice.
Name : Mihir MehtaCity : Mumbai
ARN NO : FintunedDate : 28 Jan 2017
Comments :
While I appreciate the origination of an interesting idea, IMHO this sort of a move might actually work against the banking system in the long term. It is very difficult to make any economy completely cashless and when a levy is introduced on doing cashless transactions, it will surely encourage people to avoid banking transactions and as a result, the number of transactions over time will reduce. Lowering the tax rate is a better solution because it will directly impact the volume of tax payers in the system and once the tax net has widened, the GOVT can look forward to make it a flatter tax regime rather than a skewed/progressive tax system.
Name : DeviprakashCity : Navi Mumbai
ARN NO : 65833Date : 28 Jan 2017
Comments :
Does the BTT mean that every team a person invests his hard earned money into any of the products like SIP or FDs, then he would be charged the BTT of say 1%. Also, when it matures and comes back, the govt again takes away 1%. This is ridiculous. People will tend to move to cash economy. Wen they invest, they would need to go for higher duration products only, to avoid repeat BTT.
Name : Ajay TiwariCity : Faridabad
ARN NO : ARN-95839Date : 28 Jan 2017
Comments :
Excellent Topic with high level of clarity and examples...
Submit Your Comments
Name
ARN No/Co Name
Comments
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* Email *
* City *
*
*
2lFpbq
Type the characters in the picture.
We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry.
 
Comments Posted
Name : Jasmin RupaniCity : Kolkata
ARN NO : MoneyFest WealthDate : 30 Jan 2017
Comments :
What happens when I move my money from one bank account to another? What happens when I give or take a loan from my wife? What about cash transactions? Many such questions will crop up. BTT seems simple on paper but it could be quite complicated in practice.
Name : Mihir MehtaCity : Mumbai
ARN NO : FintunedDate : 28 Jan 2017
Comments :
While I appreciate the origination of an interesting idea, IMHO this sort of a move might actually work against the banking system in the long term. It is very difficult to make any economy completely cashless and when a levy is introduced on doing cashless transactions, it will surely encourage people to avoid banking transactions and as a result, the number of transactions over time will reduce. Lowering the tax rate is a better solution because it will directly impact the volume of tax payers in the system and once the tax net has widened, the GOVT can look forward to make it a flatter tax regime rather than a skewed/progressive tax system.
Name : DeviprakashCity : Navi Mumbai
ARN NO : 65833Date : 28 Jan 2017
Comments :
Does the BTT mean that every team a person invests his hard earned money into any of the products like SIP or FDs, then he would be charged the BTT of say 1%. Also, when it matures and comes back, the govt again takes away 1%. This is ridiculous. People will tend to move to cash economy. Wen they invest, they would need to go for higher duration products only, to avoid repeat BTT.
Name : Ajay TiwariCity : Faridabad
ARN NO : ARN-95839Date : 28 Jan 2017
Comments :
Excellent Topic with high level of clarity and examples...