Corporation Tax - official extraction tax ?

Sathya

Well-Known member
Dec 2, 2017
1,942
971
India
Hi Members

I have noticed corporation tax levied is not uniform .

Two adjacent commercial buildings can have differences like 10,000 vs 30,000

It's left to local body consideration to how much can be imposed.

How come government allow such inequality in leving tax.

If honest person who wants pay tax is levied high , then what's getting encouraged and what's getting discouraged.

Is it only in TN or all other states too ?

@Aashish @bonobashi
 

bonobashi

Well-Known member
Dec 3, 2017
889
410
Hi Members

I have noticed corporation tax levied is not uniform .

Two adjacent commercial buildings can have differences like 10,000 vs 30,000

It's left to local body consideration to how much can be imposed.

How come government allow such inequality in leving tax.

If honest person who wants pay tax is levied high , then what's getting encouraged and what's getting discouraged.

Is it only in TN or all other states too ?

@Aashish @bonobashi

EVERYWHERE.

It's a source of revenue.

Of private revenue for the assessment wing.

C'mon, @Sathya, yeh hai India, meri jaan. It is our 'ancient motherland', to quote the greaterest patriotest of them all.
 
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Paro

Bloom17
Dec 2, 2017
1,078
863
United States
Hi Members

I have noticed corporation tax levied is not uniform .

Two adjacent commercial buildings can have differences like 10,000 vs 30,000

It's left to local body consideration to how much can be imposed.

How come government allow such inequality in leving tax.

If honest person who wants pay tax is levied high , then what's getting encouraged and what's getting discouraged.

Is it only in TN or all other states too ?

@Aashish @bonobashi
Even in Telangana. The worst part comes where you have to pay heavy municipal tax even though the property has been vacant without business the whole financial year.
 
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