FDI AND WALMART IN SMALL SCALE RETAILERS BUSINESS
India had achieved the first step in increase the income to the nation out of small scale retailers business. The most of the small shop owners are not paying any kind of Income Taxes to the federal government. The Indian States government are granted lot of concession for doing business in the states to them. An example if we counted the Kerala State they have given great margin of concession for taxes ; if their sale of income per year up to 2 lac's be exempted from the taxes. The concession of tax shelter given by the state government most of the small business retailers are hiding taxes widely in our country. They are not submitting proper return to the government.
In our country started with big retailers type business, the govt can be huge benefit from income taxes. In our country 127 cores people are living, out of 50 cores are doing small scale retailers business. If we allow every small business holders for exemption of taxes, the government is losing financially 100 cores of rupees every year.
If big retailers entered in small business the Indian government become one of the wealthy nation in the world. Moreover,the employment of young generation will increase in our country.Good franchise shop can be open every where. The small and regional parties are opposing to the FDI that their survival in the country become difficult and no one will contribute to an amount for the parties and not for the welfare of the public.
India had achieved the first step in increase the income to the nation out of small scale retailers business. The most of the small shop owners are not paying any kind of Income Taxes to the federal government. The Indian States government are granted lot of concession for doing business in the states to them. An example if we counted the Kerala State they have given great margin of concession for taxes ; if their sale of income per year up to 2 lac's be exempted from the taxes. The concession of tax shelter given by the state government most of the small business retailers are hiding taxes widely in our country. They are not submitting proper return to the government.
In our country started with big retailers type business, the govt can be huge benefit from income taxes. In our country 127 cores people are living, out of 50 cores are doing small scale retailers business. If we allow every small business holders for exemption of taxes, the government is losing financially 100 cores of rupees every year.
If big retailers entered in small business the Indian government become one of the wealthy nation in the world. Moreover,the employment of young generation will increase in our country.Good franchise shop can be open every where. The small and regional parties are opposing to the FDI that their survival in the country become difficult and no one will contribute to an amount for the parties and not for the welfare of the public.
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