Reliance earned Rs.55,461 crore profits in 2021. But paid only Rs.1722 crore as corporate income tax

[bhaigan]

 

 

[bhaigan]

This is called black money

[ChinnaBhasha]

how do they do that? do they donate to charities and all?

[Ryzen_renoir]

13 minutes ago, bhaigan said:

This is called black money

It's called tax avoidance and it's completely legal . 

The only way to stop it is to close the loopholes 

[bhaigan]

5 minutes ago, Ryzen_renoir said:

It's called tax avoidance and it's completely legal . 

The only way to stop it is to close the loopholes 

Yeah loopholes should be closed

but political support unnatha varaku loopholes evaru close chestharu ?

[bhaigan]

6 minutes ago, ChinnaBhasha said:

how do they do that? do they donate to charities and all?

They wont donate

In India law's are not stricter

[Ryzen_renoir]

Just now, ChinnaBhasha said:

how do they do that? do they donate to charities and all?

No they route it to new investments/ capex and show it as business expense .

Basically like Amazon , he is earning 55000 crores profit mostly from oil business .

He invests these 50000 crores into jio , retail  , etc for expansion since they are all listed under same RIL entity . 

Now this new investment has cost him 50000 crores and thus the actual profit is only 5500 crores  , out of which he pays 25% corporate tax . 

I am sure the way he does this is much more complex and completely legal since Mukesh Ambani has several ex SC judges in RIL payroll advising on legal matters

 

[yemdoing]

20 minutes ago, bhaigan said:

 

 

rules are peasants... 

[ChinnaBhasha]

Just now, bhaigan said:

They wont donate

In India law's are not stricter

on paper things aithe follow avvali kada.. they get into legal tussles.. they should do something to escape

[Ryzen_renoir]

2 minutes ago, bhaigan said:

Yeah loopholes should be closed

but political support unnatha varaku loopholes evaru close chestharu ?

He pays everyone . UPA unnapudu kooda Jaipal Reddy KG basin lo AP ki share ivvali antey sonia ki cheppi  transfer cheyinchadu 

https://m.economictimes.com/news/politics-and-nation/jaipal-reddys-shift-from-oil-ministry-creates-a-political-storm/articleshow/17011133.cms 

 

[bhaigan]

7 minutes ago, Ryzen_renoir said:

No they route it to new investments/ capex and show it as business expense .

Basically like Amazon , he is earning 55000 crores profit mostly from oil business .

He invests these 50000 crores into jio , retail  , etc for expansion since they are all listed under same RIL entity . 

Now this new investment has cost him 50000 crores and thus the actual profit is only 5500 crores  , out of which he pays 25% corporate tax . 

I am sure the way he does this is much more complex and completely legal since Mukesh Ambani has several ex SC judges in RIL payroll advising on legal matters

 

Reliance paid only 3%

mana desi mesthri's kuda almost ilanti scams ae chestharu

[Ryzen_renoir]

Just now, bhaigan said:

Reliance paid only 3%

mana desi mesthri's kuda almost ilanti scams ae chestharu

Like I said , they will show some extraordinary expenses from previous years as a loss . 

Mestri business is different aba which is just illegal . 

What RIL did is unthical but completely legal

[bhaigan]

10 minutes ago, Ryzen_renoir said:

He pays everyone . UPA unnapudu kooda Jaipal Reddy KG basin lo AP ki share ivvali antey sonia ki cheppi  transfer cheyinchadu 

https://m.economictimes.com/news/politics-and-nation/jaipal-reddys-shift-from-oil-ministry-creates-a-political-storm/articleshow/17011133.cms 

 

I know

Farms laws ni opposition enduku boyvott chesindi anukuntunnav, this is the main reason , you can't win any case against reliance in any court in India, Ambani's buys people with their amass wealth

[hydusguy]

9 minutes ago, bhaigan said:

They wont donate

In India law's are not stricter

loop i

 

12 minutes ago, bhaigan said:

Yeah loopholes should be closed

but political support unnatha varaku loopholes evaru close chestharu ?

loopholes are everywhr..

like we see in immigrants laws in usa..and lot

[Ryzen_renoir]

Just now, bhaigan said:

I know

Farms laws ni opposition enduku boyvott chesindi anukuntunnav, this is the main reason , you can't win any case against reliance in any court in India, Ambani's buys people with his amass wealth

So many current supreme court judges have worked with RIL one or other , it's borderline impossible to trap him in indian legal system.