Newspaper reports say that IT department
is in the process of sending notices to some 60 lakh citizens who have
deposited in their bank accounts , more than Rs 2 lakh each , since demonetization announcement on 08 Nov
Aggregate deposits are Rs 7
lakh*crore
Apparently , IT department thinks that BLACK MONEY holders have used these
accounts of poor people to convert their BLACK into WHITE
What will this notice say ?
Here is my guess :
-----------------------------------------------------------------------------------------
Dear Mango Man / Woman ,
* Since 08 Nov , you have deposited Rs 2 lakh in your bank
account
* From our records, we find that
you have not filed any Income Tax return , in past 10
years
* Please show cause why a case
should not be filed against you for
" POSSESSION OF ASSETS, DISPROPORTIONATELY MORE THAN YOUR KNOWN
SOURCES
OF INCOME "
Yours Truly ( tormentor ) ,
XYZ Officer / ABC Circle
PS :
There is no need to hurry with your reply since we are sending this notice
to 60 lakh persons like you , of which , we will select the top 10 % ( ie , 6 lakh ) for filing a case
With our present capacity to file 6,000
cases per year , your turn may come after 100 years
You are requested to stick around till then or keep
your heirs informed about the following
fact :
* In a written reply in Lok Sabha last week , Minister of
State for Finance , Santosh Kumar
Gangwar said that , as of Oct 31 , 2016 , 238 prosecution
complaints have been filed and
and properties worth Rs 18,866 cr have been
attached
* Based on the information submitted by Indian Authorities
to the US as part of
cooperation , the INSCR ( Integrated Network
for Societal Conflict Research ) states ,
" ... the government has not won any court
cases involving money laundering or
confiscations ... Money laundering
investigations without a predicate offense are rarely
successfully prosecuted in the Indian judicial
system and even if they are , the resulting
punishment is often minimal "
-----------------------------------------------------------------------------------------
In light of the forgoing, I advise the recipients to
reply as follows :
Dear Tax Tormentor,
At the outset , my thankful gratitude for
taking cognizance of my existence !
Here is WHY , you should NOT file any case , as
suggested by you
* My
annual income for the past 10 years ,
has always been less than Tax-Exemption limit
* Every year , I have been saving Rs 20,000 from my meager income and keeping the cash
in a cupboard . Now , any
economist will confirm that a Domestic Savings Rate of 10
% is
highly desirable ( you know ,
" Saving for the Rainy Day " ! )
* When our PM announced demonetization ,
I was left with no alternative , other than
depositing my hard-earned savings into my bank account
* My neighbour tells me ( - I
cannot afford a CA or a Lawyer ) that there is no law against
holding any amount of legitimate
/ hard earned / non-taxable CASH in house !
* By limiting the monthly
withdrawals , of my own hard earned money, from my own bank
account , you have already made
my life miserable ! Even without filing
a case and
waiting for the Hon Judge to find
me guilty , you have succeeded in punishing me !
*
We , the sufferers are asking YOU to show cause , why WE should not try you in the
Court of the Election Commission, in the STATE ELECTIONS about to be held in Feb /
March, for
" POSSESSION
OF WISDOM, DISPROPORTIONATELY LESS THAN
YOUR KNOWN SOURCE
OF POWER "
with regards,
Yours Hatefully,
Mango Man ( A Jan without Dhan )
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07 Jan 2017
www.hemenparekh.in / blogs