What happens if all Indians stop paying Taxes? Detailed Explanation by CA Sahil Jain

[@BhavinTolia]

The solution was never to not pay taxes, the solution is to demand a system that offers fair accountability.

[@IDontgive-zi9zs]

No Ashneer Grover was harmed😂😂😂

[@suryakantgupta1358]

I was searching for this comment 😂

[@TaxationWithCASahilJain]

Some more pointers for those who wish to dive deeper into this:- 1) Out of all taxes imposed in India, Income tax is the only tax which takes into account your income and taxes those earning more at higher rates. Removing Income Tax simply implies government having almost zero control in bridging the gap between the rich and poor. You can research on what happens when the gap between rich and poor widens in any Economy and you'll know how disastrous the implications are. 2) Taxes certainly need to be lowered/removed. However, this can happen only when all of us together engage in qualitative discussions and suggest something that can actually be implemented in an economy as diverse and as huge as India.

[@Amandeepsingh-kb4sy]

Sir govt ka maximum kharcha govt employees ki salary+allowance and pension par hota hai par unka workload Kam hota hai. Kya ye sahi hai please make video on this topic

[@aakashshakya3137]

Best teacher ever ❤️.

[@raman_gupta]

Sir aap CA inter may 24 ke liye live class start kar dijiye

[@prakhar802]

@@Amandeepsingh-kb4sy Governments employees workload bahut badh chuka hai.....it can be seen clearly.....just ask any govt employee.....

[@SwampyPanda3]

​@@Amandeepsingh-kb4syare you sure about that? Does govt really spend max on salaries and stuff? I don't think so. Not talking about corruption but their official salary packages aren't that much imo. Need to research though.

[@sidrtff4314]

Best taxation teacher ever, according to my opinion

[@arjungupta5614]

Agreed

[@ryujino4764]

True

[@kushagragupta3662]

Le VG sir: hold my beer :P

[@Rahulsuri4390]

True sir is good❤

[@siddharthagrawal7312]

​@@kushagragupta3662Yes , waiting for one who compares😂

[@bhabisyaagrawal7269]

Sir your perspective is what I want to hone into myself and life is much livelier . Thanks for your time. Really appreciated!

[@shubhbansal9612]

I stopped watching all Instagram reels on "AG" after your last video... Because after that I starting analysing his statements with a very different perspective and realised he's just a idiot...who has been given a mic after a "reality show" and is speaking shit everytime he opens his mouth Love your way of analysis sir.!!❤️❤️

[@RanjitKumar-tv1ok]

I deed same bro😅😅

[@siddarth_31]

Sahi pakde hein

[@saksham.18]

Sadly, AG’s viewer base is much larger than SJ Sir. Ramadhir’s dialogue is definitely true.

[@Sjjsayhhd]

Who is ag

[@shubhbansal9612]

He..who must not be named..😂😂 It's Ashneer Grover

[@chetramsoni4686]

Hanji maja a gaya. And I am proud to be a tax payer. Thank you very much for spending your time providing clarity and great education with positive thoughts

[@abdulkadirt7242]

There are 2 cases in my mind right now after watching video: 1. Nordic countries imposes most tax rates than in the world anywhere, even though people are paying taxes they are happy. 2. There's the case of middle east countries where the govt don't know the concept of income tax.

[@anurag_rathore1]

15:23 Ashneer Grover roasted 🤣🤣🤣

[@naveenpandey6850]

Effortless and seamless instruction, put simply.❤

[@shishirdixit123]

16:50 no Ashneer Grover was harmed in the video🤣

[@sabhabarman2923]

Really, you have defined our money and tax in a very good way which is useful for the country of India. Or for us too Thank you so much sir

[@indie_developer_9]

Increasing Taxes on SinGoods, India has a high amount of Natural Resources and Metals, As per NMI data based on UNFC system 2015, the total reserves of gold ore in the country have been estimated at 501.83 million tonnes. Out of these, 17.22 million tonnes were placed under reserves category and the remaining 484.61 million tonnes under remaining resources category And Oil Fields and Oil Wells in Bombay High(Western Offshore), In Assam there are Natural Oil Reserves. These could be some of the Alternative Source of Income for Indian Govt.

[@indie_developer_9]

Agree that we can not depend on the Natural Resources for Much Longer...

[@dipanshuagrawal6659]

Amazing discussion! Now I am more responsible citizen. Thanks!

[@Narad-l7u]

The main problem lies in employees of the government. Serves such a waya that they are the owner of govt. And have the ultimate power. This needs to be change.....

[@vishalkavaiya3674]

We Want to Sahil Sir to create a Start-up on which then would become a Unicorn as long as Sahil Sir continues to create such Excellent Content.

[@VickySharma-tr9rc]

Every citizen must file ITR and pay tax even khokas owner, street vendor should also sir.

[@teddforthefuture]

IITs and IIMs are have a very high fees. Most of the students have to take loans to attend the college.

[@luciferin6886]

A great explanation! Hats off! Would very much like a video on generating new sources of revenue for the government..

[@SagarMadhukar]

Sir, very well explained! :) Loved it! :D In parallel world, this video would have been titled aptly as 'Ek pal ka jeena, phir toh hai jaana' for the no. of times you asked us to contemplate by giving us appropriate examples by saying 'Ek pal ke liye sochiye', in the video. 😅😂

[@ABHISHEK98927]

finally sir is back with new vedio

[@ankurapte1808]

Would love to see a video on the use of charitable trusts by HNIs for evasion as well as holding equity in companies What are the benefits and implications

[@beingaxay]

😂😂😂 ગજબ sir!!! Video 📹 onwards 15:23 was Epic 😅😅😅...No 1 harmed at least physically 😂😂...शानदार!!!....Dogl**p*n...મઝા આવી ગઈ 🤪😉👌

[@saksham.18]

Sadly, those desperate businessmen trying to get into politics has much larger viewer base than wise people like Sahil Sir. Ramadhir’s dialogue is definitely true.

[@Iqbaltabish87]

if every rupee of tax is spend on building society/country , helping poor, then definitely there is no worries of paying tax, but tax rate is so high for middle class that it effects our livelihood, everywhere there is corrupt politicians.

[@insideoffinance3688]

Please make video of those countries in which there is no tax 😊😊😊

[@_PrajaktaMokale]

Best video 🥰🥰 great job👍

[@ayusharchives644]

You r right. But ye sab points to macro perspective ke hai.. Middle class ke ground issues to waise k waise hi rahenge

[@snehaa381]

Sir,please make a video on how the income through taxes of govt can be replaced

[@himanshupoddar1395]

No Ashneer self claimed tax and economics expert was harmed in this video

[@Millenniumgameryatharth]

Very clean and clear knowledge ❤

[@Naaavven]

Greatly Explained sir ❤❤❤ !!

[@ritikjaiswal7091]

COVID ki vaccines free me lage the sabko vo bhi to govt ne hi finance kiya tha public welfare ke liye

[@Anoymous464]

😂😂😂😂😂😂😂

[@chetanpatange7017]

😂

[@brainytrader5021]

Disclaimer : Ashneer Grover not harmed in this video.

[@gauthamshankar2429]

1. If a person starts a company with an investment of 35 crores INR. Should the COMPANY pay tax on that 35 crores INR? 2. If a company just raised 30 crores at a valuation of 300 crores. Should the COMPANY pay tax on that 30 crores INR? Assume that the companies are NOT startups......

[@Khushveerj]

No in either of the cases, As taxes are levied on the Income and not the Money borrowed or raised. Hope it helps 💫

[@gauthamshankar2429]

Thank you! So black money can be converted to white money by starting or investing in a company right? @@Khushveerj

[@KingsonKeshav]

In both the cases the amount is being investedin the company. So it is a liability for the company. And tax is payable only on Profit for the companies...

[@nikhilurunkar4703]

Excellent explanation sir.changes perspective of looking on tax.🎉

[@nikhilmittal9364]

Small question, while one can invest their long term capital gain into property, does it needs to be invested in one single property or he can invest in multiple properties as well.

[@devanshgupta7792]

people don't value what they already have but only complain about what they don't have

[@tarinimohapatra833]

Sir how feasible would BTT be if it would have to replace DT and IDT. Even though infrastructure for it is in place but what would be its Macro economic consequence and effect on GDP. Please make a video on it 🙏.

[@vishwanathsiddheshwar2813]

I had heard of expenditure tax and wealth inheritance tax. Can this be implemented in India? I even think net agricultural income above 25Lacs should have a separate slab rate because there are a lot of affluent farmers who are unnecessarily enjoying this benefit. What is your view? Can you make a separate documentary on this? Thanks a lot for this vedio

[@amangoyal4185]

Keeping all things constant, Dubai is also tax free country and everything is going on smoothly.

[@punitgupta1228]

Sahi ji sabse badi dikkat yeh he abhi ke time me ke free bees baat rahi he sarkar central government bhi free ka khana ghar electricity cylinder free ke paise tak de rahe he account me ab tax money ko free ki schemes me laga rahe he phir vote khareed rahe he yeh aur tax money kam padta he toh aur tax laga dete he ab aadhe se jada free bees lene wale ameer hote he jinko genuine need he hi nahi tab bhi kha rahe he toh ab paise vote buy me dal rahe he toh desh kaha grow karega,aur uparse infra projects me ppp model pe bana rahe he toh kaha development hua tax money se? Sarkar ki sari free schemes band hona chahiye toh apne aap tax kam hoga kyoki fund available hoga sarkar ke pass.

[@loginusers5812]

Just a thought experiment. I would love some expert opinion on this. What if government prints money for all of its expenditure and there is tight regulation on how much of it can be printed? Can something like that work. All of us will be taxed indirectly through inflation but I guess there will be enormous effeciency gains. We can have subsidies for essentials and piguvian taxes for sin products thats it.

[@tanmayvarshney9200]

Charan Kahan hai prabhu, itni deep knowledge wow. Please help me with deep knowledge in tax like this 🥹🥹

[@saurabhmittal3923]

100%CORRECT

[@muhammadnazim3862]

What i believe is that Salaried person ke tax slabs ko revised karna chahiye Jinka annual income 10L se 40 lac hai unko 10 se 20% hi tax karna chahiye wo bhi after allowing exemption and deduction of atleast 40% in income Maan ke chalo koi saal mei 40 lac kamara hai to usse tax sirf 20 lac ke upar lo at 20 % Isse usko bhi zyada burden nhi lagega

[@ravantheoghacker863]

Bhai us se bhi tax collection me kami hi hogi, India ko pool badhana hoga tax payers ka (Saala kitne log to PAN card hi nahi banate, PAN card compulsory hona chahiye, warna ration band karo Aisa hona chahiye

[@rishavnath]

No one complained about gst and rest of tax, only 15% of direct income tax should abolished or reduced to 50%. Same should be covered from gst and other type tax which ppl pay for consumption.

[@KingsonKeshav]

If the government actually starts doing what you are saying, it will be the most disastrous economic decision in the history. GST is a regressive tax, it has to be paid equally by both the rich and the poor. And if you increase it most of the people in India won't be able to meet their both ends. On the other hand Income tax is a progressive tax, it is directly collected by govt, and hence they can charge everyone as per his/her income keeping in mind that everyone (one who pays 30% tax as well as one who pays 10% tax or no tax) gets a good enough lifestyle. It helps the govt in redistribution of the income from rich to poor and counter wealth disparity...

[@ushagupta1211]

Waiting for your session sir impatiently 😊😇😇

[@rameshyadav3910]

Very well explained Sir, Thank you for such insights

[@vnom8090]

Sir i am waiting for tax evasion case study video 😊😌

[@pwinsider007]

Tax lene se achha government ko rule nikalna chahti hai usko sare logo ko 1 ghanta free me karna hoga har filed ke log apne apne field me government ke liye 1ghanta free kam karenge tax bhi nahi Dena hoga kaam bhi ho jayega

[@harshugupta8438]

You're the best teacher sir!❤🧿

[@Sonuthakur-me3qu]

Sir GST all section rules notification circular wali ek playlist bana do please jisse jo students padna chahiye vo pad sakta hai apki video dekh kar KZbin par please.

[@mknagaraj3695]

I didn't know that street vendor who sells fast food snacks like kachori, makes 20 - 30L annually.😅 Quite amusing.

[@lion3355]

Direct taxes should be zero. For roads we pay road taxes ( indirect taxes). Sebi can't control manipulation, it's a myth that they can.

[@eren-qu9uu]

goverment should give contract to private player for construction of roads , infrastructure.

[@SwampyPanda3]

Sir a few points I want to share... 1. College jao ya na jao waha ki research se to benefit milega hi hame unhe funding milegi to. 2. Private individuals roads to bana denge imo but will charge more for the use to recover the cost ig. 3. I think the main point of people is that to avoid paying tax "until" govt takes some steps to recover from other categories of individuals who weren't paying earlier as you mentioned yourself Now people can reply quoting point number. And please sir continue thiis conversation through another video as you said there were some ways to make the system better. We'd love to listen those qualitative discussions on different ways to achieve this.

[@KingsonKeshav]

2..private individuals or entities have absolutely no interest in making public infrastructure. They do it, just because they get hand to hand cheque for it from govt...

[@irfaankhaan6597]

Sab bakwaas, government ko ek phuti kaodi nhi dena chahiye, actually governments are the biggest dakait …

[@harshityadav5196]

MC does not always means Middle class, it is also known as....

[@Unknown-vr1ug]

Sir always rockzzz...

[@insideoffinance3688]

Please make video of Afghanistan 🇦🇫taxation system and how they run their economy 😊😊😊

[@shubrank]

You assumed that we want to stop paying ALL kinds of taxes. Most people only want to stop paying Income Tax which makes for 15% to total collection. It is a well known fact that a govt project are unnecessarily expensive (because corruption). So cracking down on corruption itself will reduce the requirements of collection by equivalent to 15%.

[@nh--66]

Bhai, Road banane ke baad govt Toll Tax leti hai Govt hospital mein treatment full free nahi hota. Most of the medicines lane bolte hai kharcha kar ke. IIT IIM mein admission sab ko nahi milta mein tax deta hun toh mere bacche ko thodi admission milega. Fir bhi mil gaya toh uske baad mein bhi bahut kharche hote hai students ke Baki rahi police n army ka uske liye toh Gov khud temparory hiring kar rahi hai. Army ko weapons milne chahiye but kaun dilayega? CAG ke report pe kya action ho raha hai? It is not statutory to anyone. Atleast wahi ek medium bacha hai jisse pata chal raha hai jo mein paisa diya woh kidhar jaa raha hai. I dont want anything is return for paying taxes. I look at my country as my family and pray for wellbeing on every person on this planet but Jab family mein corruption hota hai tohI dont feel like paying taxes.

[@deadpumpkin8252]

8:28 I don’t agree fully here. Even if government hospitals shut downs completely still there won’t be any effect on medical treatment prices. As there will be much more private hospitals which will compete to each other to give Best medical services in affordable prices. Only care should be taken that there should not be any monopoly or duopoly in market. Government should only care about the regulating that sector through laws and rules.

[@saksham.18]

Just listen to the whole video and use your brain. If taxes would get eliminated, then Govt Organisations won’t survive. In your case, that organisation is CCI.

[@deadpumpkin8252]

@@saksham.18 brother chill. I’m only talking about the effect if there would be no government hospitals. I never said taxes should not be there.

[@KingsonKeshav]

Why do you think medicines prices are so high?? The cost of the same private medicine is 3-4x of the Govt medicine. It's just because all the Pharma companies collectively decide to make a medicine and sell around a particular price only. If any new company starts selling the same medicine at lower cost, they will easily be acquired by any big company or will be forced to shut their operations by hook or crook. And that is the case even when there are all kinds of regulations and government presence in this industry.. Now imagine what will happen if govt exists from these Pharma and healthcare industry... The same kind of Pharma and hospital nexus will start looting people like hell. And noone will be there to stop them...

[@AK_47_007.]

Super video air ❤

[@tishek3911]

16:40 min wali lagta hai ashneer sir ke liye thi😂

[@mohnishjain7162]

Thanks for sharing knowledge sir

[@abuzia1007]

Soch badal di meri aapne to

[@sheetal.wholesale]

jain sahab ... thanks...

[@insideoffinance3688]

Sir please make video of UAE tax system

[@ajadsingh7313]

15:26 Ashneer Grover😂😂😂

[@nikhilsingade9033]

Sir kindly make the video on forex trading legality - as per RBI guidelines

[@AmanSharma-jo6jl]

You need to be finance minister of our nation.

[@shrieyassgaming8147]

According to me tax should be 10% for all people those who earn above 5 lakhs per year.....this is best option

[@priyanshunandi5917]

Tax means we talk about income tax

[@manuthelife9959]

biggest fan ❤

[@aman-88854]

Sir trading ma type of taxes and evasion case study plzz sir Thanku for your knowledge❤❤

[@ritishgupta7805]

Sahil bhaiya meina apki classes buy ki hue ha for nov23 ca inter attempt but i am giving my attempt in may 2024 ek baar confirm krdo kyuki sabi teachers youtube ma bol rahe ha tax ma huge changes ha old classes se nahi hoga .kya kru ? Please replay

[@vitaminprotein7832]

i buy from USA & sell in USA , means i didn't import or export the goods , but i do have a gst number and i dont do any other bussiness than this do i need to Fill to NIL GST , i dont collect gst from customer nor i pay gst on my purchase .

[@mohdabidshaikh12]

Sir, at least stock market return pe taxation nhi hona chahiye, bahot risk wali kamai hoti hai. Dil bahot dukhta hai jab 15% ka STCG ya 10 ka LTCG lagta hai. Kuch proposal bhejiye sir department ko ki 5% me khatam kare.

[@saifsidd2891]

Sir but tax audit should be applicable to govt also whether it actually uses the taxes properly or some fraud exists after collection of taxes...do reply your opinon sir eagerly waiting..?😊

[@maheshtennati]

What is ur view on a new PIL in Supreme court ro abolish all taxes and implement something called Banking TransactionTax which is 1% of the expenditure.

[@ravantheoghacker863]

Jo log ye bolte hai ki tax me charity kar raha hu, wo income tax ki baat kar rahe hai jo 15% hai

[@NITIN-cn4re]

nice session sir

[@brihanjha6362]

Sir jldi se ca inter ki batch strt kro eagarly waiting sirjii

[@TaxationWithCASahilJain]

All Inter/Final batches starting in Sep’23 with full force :)

[@nnnn2198]

​@@TaxationWithCASahilJainsir sep me kb se ho jayega

[@brihanjha6362]

Haa sir date bta do

[@nnnn2198]

​@@brihanjha6362yes eagerly waiting

[@raman_gupta]

Sir please start live classes

[@AnandKumar-ji6wb]

comunication ke 18% recharge value ka gst dete hai aur food me gst dete hai aur sebi to 5-6 type ke tax kate rhete hai har transaction pe govt jo vhi kaam krte hai unke pese humlog chukate hi hai har poor family vhi 1000 rs gst pay krte hai har mhine food consume krke

[@senthilkumar8666]

Sir, what do you think about one nation one tax. I am following you, so if u give an opinion about this

[@vdofficial-j9n]

Make a video on Presumptive Taxation Scheme.

[@theboringaspirant]

Income Tax Department Authorities should hire you! :)

[@Prinxe1013]

TAXES ARENT A PRBLM , HIGH RATE OF TAX RATE IS .

[@suraj03-]

Sir As a police officer working for the government, am I allowed to participate in options trading in Nifty, or are there any restrictions I should be aware of?

[@KingsonKeshav]

No you can't do trading or any assumptions based transaction in equity market which includes trading of stocks and options as well as subscription to an IPO. However you can do regular investment through multiple instruments like stocks, ETF, bonds , mutual funds and SIPs.

[@suraj03-]

Thank you

[@rajatdogra96]

No you cannot since fno comes under businesses

[@aakash9752]

Relax , Ashleel Lower ko kuch nai bola sir ne 🙂

[@papajii3040]

Sir aapki office classes kha pe hai

[@tushargoel3870]

Sir baki saab chudu defence deal mein bhi corruption huti hai 80's se leke abhi tak

[@ujjwalgupta5705]

Sahil sir, again the point remains same. All these benefits are being enjoyed by everyone in india, HNI's as well as lower income class. At the cost of middle class taxes. So THIS IS INDEED CHARITY. If middle class stops paying taxes then everyone will face the consequences and therefore everyone will be forced to not avoid taxes and contribute. Otherwise this freeloading will continue.

[@TaxationWithCASahilJain]

1) I agree with you that a lot needs to be changed in law along with its implementation to ensure that everyone pays their fair share of taxes. 2) "Charity" is still too extreme a term for me to use. You cannot call it charity when you too are reaping its benefits. Not a single citizen in the country can survive solely on the basis of their own wealth if there is no government playing its role. I'm talking about all the countries and not just India.

[@himavanthsanathi2807]

Sir , for Roads govt levy ROAD TAX in TOTAL PRICE of VEHICLES, AS PER MY OPINION " GOVT MUST MAKE _ INSURANCE _ OPTIONAL IN LAW REQUIREMENT..

[@c.law0104]

Indeed

[@pmshareef]

How are countries without taxes surviving?

[@rajatdogra96]

What if govt increase gst and decrease income tax as balance

[@tubai_bhattacharjee]

Ashneer grover dest®oyed in seconds. 😎