Limit of income
A Truthseeker
(Querist) 21 April 2013
This query is : Resolved
OM
India as per preamble is a socialistic country. in socialism the money is to be evenly distributed. it is heard that in China the salary of a professor and a day labourer differs by a single rupee.this is possible being socialistic.
our check on unrestricted income is by imposition of income tax. some of our industrialists have assets a few lakhs crores rupees. they are virtually running parallel govt. at the cost of poor people. the natural produces are being hoarded by them instead of being got distributed by the govt. if one starts incoming from this day in how many years he would amass a few lakhs crores of rupees with payment of income tax?
P. Venu
(Expert) 23 April 2013
A mere curiosity, much less than a legal query.
