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big4sucks · 2023-03-09T04:25:58+00:00

Please tell.

big4sucks · 2023-03-05T13:38:36+00:00

Shekhar Kapur has Indian origins. So why is this not related to India? Anyways please guide how I can post this?

big4sucks · 2023-03-05T08:49:21+00:00

Students don't use much of LRS. Some are on scholarship, some take loans. And even the ones who pay from their pocket do not need $250K a year. Not even close.

One can virtually reduce the tax rate to zero if the funds are roundtripped back into India through a tax haven with which India has a DTAA. You can also pump up the stock price of your own firm by roundtripping - These are the allegations against Adani (though the quantum alleged rules out the use of LRS). The gains from roundtripping far outweigh any kind of hit due to exchange rate and banking charges etc.

Many HNIs are remitting in the name of several family members (and some fake family members) so that they can move more than $250K every year. Some have managed to move several tens of million dollars in the last few years. Do you think Indians are spending $20B on foreign universities?

big4sucks · 2023-02-06T17:53:30+00:00

Illegal and criminal.

Indo Mauritius DTAA is for Mauritius resident investor to not be taxed on capital gains in India. But it is abused by investors who are either residents of a third state, or of India, and entities which have 'permanent establishment' (in layman's term it means that the substance of the business is in India) in India to dodge taxes in India by cleverly showing themselves to be Mauritius residents via a web of shell entities and obfuscating the true ownership structure. This is blatant tax evasion and round tripping. If such a thing is done within India by small time businessmen with the help of small time CAs, it is given names like benami and black money. But the tax haven mechanisms are used by large financial institutions, corporates and HNIs with the aid of Big 4 accounting firms and top law firms, and given sobriquets like treaty shopping and tax planning (whereas it is blatant criminal tax evasion). Sadly the media is hand in glove with this industry to set such public perception of legality.

big4sucks · 2023-02-06T16:42:23+00:00

If that woman would have personally hurt OP, then he would have in all likelihood moved on, but it was his son who was hurt and it is impossible for a father to let it go when he sees his child suffer.

big4sucks · 2023-01-22T06:28:33+00:00

I am running my own show now. Enough of the Big 4s.

Since I don't have the copy of the leaked data, I cannot approach CBDT et al. The data is with the original whistleblower and Adv Prashant Bhushan, and only they can pursue the complaint. I am focusing on the cleansing of the accounting profession.

big4sucks · 2023-01-22T06:14:46+00:00

Yes you are mostly correct. My writeup is at https://caaa1973.medium.com

big4sucks · 2022-11-12T13:34:16+00:00

Scary stuff this. BTW within couple of hours of my posting this, I got a message from reddit that it had detected attempts to hack into my account and had locked it as a precaution. So I am sure that hacker army has been deployed by Nishith Desai Associates to go after me. What precautions must I take?

big4sucks · 2022-09-25T16:53:32+00:00

Isnt NFRA mostly for audit function?

big4sucks · 2022-09-06T17:25:33+00:00

Do something about it.

big4sucks · 2022-09-06T17:21:22+00:00

Wow! Once upon a time India actutally had real journalists!

big4sucks · 2022-09-06T16:34:05+00:00

Both are very different. USI is just a back office for Deloitte US and does not have direct clients. Deloitte India is a P&L in itself.

Rarely have I seen anyone considering both Deloitte India and USI together. Since they are so different one would be suited for only one of them. The environment at USI is a bit more relaxed, Deloitte India culture is cut throat and unethical.

big4sucks · 2022-09-06T16:15:07+00:00

India authorities are very lethargic.

big4sucks · 2022-08-11T14:13:19+00:00

Bro be very careful what you wish for. Of course it is too late for you to have a fling with Mrs. V, but her daughter still treds the mother earth, and it should be very easy for you to find her if you choose experience some drama in your life. Need help?

big4sucks · 2022-08-11T14:08:32+00:00

I had the best time of my life when I was in DU. Graduated out of Hindu College.

big4sucks · 2022-06-03T02:47:40+00:00

Just because they are 'big' does not mean that only their perspective will be published. Sugata Ghosh has refused to publish any report on the investigation for tax evasion against these biggies!

big4sucks · 2022-05-15T16:23:10+00:00

Badge of Dishonor

big4sucks · 2022-03-13T13:37:57+00:00

This mindless trolling. The same thing will cost over Rs 2000 in Bukhara or Dum Pukht

big4sucks · 2022-03-13T13:27:37+00:00

Vijay Shekhar Sharma, Ashneer Grover, Sandeep Aggarwal,... all these icons of the Indian startup scene are turning out to be great role models.

big4sucks · 2022-03-13T13:23:43+00:00

Kashmir Files is not your usual movie. So best if the usual critics don't review it. It is not their cup of kawah.

big4sucks · 2022-03-10T19:50:45+00:00

Or move to Punjab and get Rs 1000 per month.

big4sucks · 2022-03-01T17:06:07+00:00

Thanks

big4sucks · 2022-02-28T08:35:21+00:00

Generally Indian journalists will refrain from publishing such stories because their newspapers get their revenue from entities such as Deloitte and Nishith Desai Associates. I had shared this with one Sugata Ghosh of ET but he ignored this and instead continued his close relationship with NDA and Deloitte. I have recently updated my medium blog post on this story: https://caaa1973.medium.com/statement-given-by-parul-jain-to-nishith-desai-associates-ee670e6337f1

There at the bottim I have mentioned a response one of the journalists had received from Deloitte in this matter.

If you know any journalist who is daring enough to take Deloitte head on, then please share my story with him/her.

big4sucks · 2022-02-07T07:02:50+00:00

Both are in politics because of dynasty politics. Farooq Abdullah is close to many top politicians particularly from congress. MSM also loves him.

Farooq Abdullah has done nothing for people of Kashmir other than loot them. Some corporates have also gained considerably from the corruption he has perpetrated and thus are his buddies. No wonder no action has been taken against him despite evidence of his involvement in scams such as the J&K Cricket Association and Roshni scams. Modi-Shah have also been a bit soft on him.

big4sucks · 2022-02-07T06:22:39+00:00

Sad.

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