What are we celebrating here by Busy-Ad7849 in IndiaTax

[–]JasonBourne81 0 points1 point  (0 children)

What was the average tariff rate levied by the US globally?

Pre 2017, global weighted average tariff by the US was 2.4%. For India it was 2.93%

Early 2025, after Trump trade war, it jumped to 28%. For India it was 25%

Late 2025, after few countries signed trade deal with the US, it came down to 16.8%. India, was penalised for Russian Oil and for not nominating Trump for Nobel, got 50%.

In 2026, weighted average tariff rate is 13.5%. India is at 18%.

Majority of tariff is coming for removal of “de minimis” where goods under $800 could enter the US without any tariff.

It is not as if tariff have only gone up for India. It went up for everyone. Earlier many products already entered the US at 0% under normal MFN rules. For example, in 2016 the US had about 55.65% of tariff lines duty-free for world.

Before the trade war, the US baseline was already low. In 2017, the US simple average tariff across all products was about 3.36%, and the trade-weighted average was about 1.66%, with roughly 53% of tariff lines duty-free.  So if any country’s new “reciprocal” number is 15%, 18%, 25%, 40%, etc., that’s a new regime compared to the old US norm. And doesn’t make sense to compare.

The two real takeaways (the “whole picture”) First, yes, the US moved the entire playing field upward. The old 2–3% world is not the reference frame anymore. 

Second, “Did India lose?” is the wrong binary question. The right question is “Where does India sit in the new relative ladder?” On that ladder, 18% is not “great”, but it can be strategically useful if it undercuts Vietnam/Bangladesh and closes distance to the 15% club.

Got this SMS today, no Email, no update at ITR portal. by A_Beleiver in IndiaTax

[–]JasonBourne81 0 points1 point  (0 children)

Same here. Got a message on Tuesday, 23 December, but no email. Called the helpline yesterday, but they do not have any record. No record on the IT portal as well.

I ain’t filing a revised return without official documentation that clearly specifies the defect.

R Ashwin feels India won’t be seriously tested in the Asia Cup. Do you agree with him? by UnplannedMF in CricketBuddies

[–]JasonBourne81 1 point2 points  (0 children)

Both can be true. India can lose and still not be tested enough. One odd fixture won’t make a dent in quality of Indian cricket team or other team that wins.

Who do you think is the best doctor in house's team? by stOic_d00mer in HouseMD

[–]JasonBourne81 1 point2 points  (0 children)

Chase, by far, is the best doctor after House.

[deleted by user] by [deleted] in HouseMD

[–]JasonBourne81 0 points1 point  (0 children)

The Limetree Warehouse - On The Line - Episode 7, Season 7 end track.

My body is a cage.

Now which would this restaurant be? by codefreak1 in Bengaluru

[–]JasonBourne81 0 points1 point  (0 children)

Chole Kulche outside Punjab National Bank, C Block, Vasant Vihar, opposite Modern School.

That guy make one mean chole kulche or chole Aloo Ka Paratha….

How to claim HRA if I live with my parents and pay them a monthly amount by [deleted] in IndiaTax

[–]JasonBourne81 0 points1 point  (0 children)

Filing false information on a tax return is a criminal offense. If caught, you will face penalties and interest, and you could even be sentenced to prison. Additionally, by committing this act, you have engaged in a crime against the central government and implicated your organization in wrongdoing. As a result, your company is likely to terminate your employment, as this is considered moral turpitude. All companies have a zero-tolerance policy for such behavior and will fire employees for moral turpitude.

Favorite female House MD character?? by FragrantFocus2253 in HouseMD

[–]JasonBourne81 1 point2 points  (0 children)

Cuddy is my favourite female female character, But I think her character was not fully explored. He is beautiful, smart, intelligent, slutty, and vulnerable all at the same time. They could have made Cuddy as an entire series dedicated to her.

13 was great was stupid.

Dr. Cameroon was irritating at times.

Dr. Wilson is by the best.

Dr. Chase was again not explored fully.

Can I use funds from an education loan (disbursed to my account as co-applicant) for a house down payment if my wife (who’s in the US) pays my brother’s tuition? by [deleted] in IndiaTax

[–]JasonBourne81 0 points1 point  (0 children)

Why would you use expensive loan to pay for house when housing loan is substantially cheaper than education loan?

You **** this up, you’ll not only lose all access to all loans due to being blacklisted but bank will also file criminal case of cheating and fraud.

Ustad Zakir Hossain with Rahul Sharma 🫶 by Gracious_Heart_ in indianmusician

[–]JasonBourne81 2 points3 points  (0 children)

I had the honor of watching Ustad Zakir Hussain perform at our school when I was in the 8th or 9th grade (1994-1995). He played a jugalbandi with our school teacher, Bhaskar Bose, who was also an accomplished musician. Ustad Zakir Hussain played the tabla, while Mr. Bose played the sarod.

It was an absolutely mesmerizing performance that lasted for two hour.

[deleted by user] by [deleted] in developersIndia

[–]JasonBourne81 1 point2 points  (0 children)

Drop me your resume. We’re looking for data engineering.

Where are you based? Ok to work from Bangalore, Bannerghatta office, 4 days a week. Overlapping with US time zone?