Exclusive Information By Stock Tips Provider | Big Disclosure On Deposit Funds In Swiss Bank

According To the Stock Tips Provider, Our money, not black money. Swiss bank depositors themselves have disclosed the amount in front of the government through income tax return. According to the exclusive information given to Rudra Investment, the Income Tax Department has investigated that the income tax has been paid on the amount deposited in the Swiss bank.

According to information from the sources, the investigation of the IT department has shown that every amount deposited in a Swiss bank is not black money. This is revealed in the income tax department report. According to sources quoted from sources, taxpayers have disclosed themselves on the amount deposited in the Swiss bank in the income tax return. Details of the amount deposited by Swiss Bank in the ITR's FA schedule has been given.

According to information from the sources, the total amount deposited in the Swiss bank in the year 2016-17 is estimated to be Rs 5200 crore. About 700 people have already disclosed the amount deposited in the Swiss bank. Those who disclose are the most personal taxpayers. Apart from this, the bank and many companies are also involved. Since this amount is filed in the ITR, it is not black money. The government expects ITRs to be revealed in the coming days. According to the Income Tax Department, this money was sent out under the Liberalized Remittance Scheme. According to the scheme, one person can send 2.5 million dollars every year.

Rudra Investment: Increasing The MSP Is Just An Election Stunt

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According to Rudra Investment SEBI Registered Advisory, Former Finance Minister Yashwant Sinha has just called election stunt to increase the MSP of farmers. He said that until the government does not make the full purchase of the crops, farmers will not be able to do good. He described the decision to increase the MSP to half incomplete. He said that raising the MSP to double the income of farmers is just one measure and that has not been extended in the right way.

The formula that is being doubled as the MSP is wrong because the entire cost of the farmers is not included in it, so the matter of giving one and a half times the MSP on the cost is redundant. Apart from this, the farmers need to be given freedom from the mandi tax so that they can fix the price of their product themselves. In order to increase the MSP, there is a need to reform to reach farmers in the mandis. As far as inflation is concerned, Yashwant Sinha has said that it will not increase inflation too.

UP farmers were not happy even with the decision to give one and a half times the support cost. He said that the cost formula of the Modi government is not correct and it will not benefit farmers.

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