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Articles 1 - 10 of 10
Full-Text Articles in Accounting
Tax, Vijaya Krushna Varma Mr
Tax, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
All Direct and Indirect taxes accompanied by tax laws, accounting, auditing and tax returns, can be abolished if a new tax system called “TOP Tax system” is adopted and implemented by all nations. Ultimate economic reforms will relieve 7 billion people of the world from the cobweb of ambiguous and complex tax structures, plethora of tax laws, mandatory and cumbersome accounting, auditing, tax returns and consequent quagmire of all tax related cases. http://taxationreforms.com
Bank, Vijaya Krushna Varma Mr
Bank, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
TOP Tax system” redefines the role of banking sector to pave the way for future economic system that benefit 7 billion people of the world in all spheres of their lives in one form or the other. TOP Tax system suggests integration of taxation, tax collections, tax compliance, monetary system, money supply, registrations, budget preparation, public distribution, preparation of voter lists and population census, into the banking sector. http://optimaltaxation.net
Bank Reforms, Vijaya Varma
Bank Reforms, Vijaya Varma
VIJAYA KRUSHNA VARMA Mr
Varma suggests radical bank reforms to usher in fully liberalized and transparent economic system. The time has come to radically reform banking sector to the ultimate level where there will be no NPAs, unemployment, black money, fake currency, economic recession and corruption
Banking For All And For Everything, Vijaya Varma
Banking For All And For Everything, Vijaya Varma
VIJAYA KRUSHNA VARMA Mr
Varma suggests radical bank reforms to usher in fully liberalized and transparent economic system. The time has come to radically reform banking sector to the ultimate level where there will be no NPAs, unemployment, black money, fake currency, economic recession and corruption. Liberalise the banking sector to establish a bank branch at every village or colony having population of 2500 so that each bank shall handle approximately 2000 accounts. * To give every citizen above the age of 15 years a portable bank savings account with permanent account number from birth to death. This portable bank account can be shifted …
How To Prevent Npas In Banks, Vijaya Krushna Varma Mr
How To Prevent Npas In Banks, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
Varma suggests radical bank reforms to prevent NPAs in banking sector. Prevention is better than cure. The problem should be tackled at the source itself before it gets monster size. Instead of finding solutions and measures to reduce NPAs, the banking sector should be restructured so that there is no scope for NPAs or bad loans generation in banks.
Bank Account Module, Vijaya Krushna Varma Mr
Bank Account Module, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
Bank account module is designed and developed by Varma for new banking system. This new bank account module will help banks to know their profits at any time. This module will halt non performing assets
Corruption, Vijaya Krushna Varma Mr
Corruption, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
Corruption, which is omnipresent in all forms and at all levels, can be crushed to death beyond recognition if a new economic system called “TOP Tax system” is adopted and implemented by all nations. http://taxationreforms.com
Ultimate Economic Reforms, Vijaya Krushna Varma Mr
Ultimate Economic Reforms, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
Abolish all Direct and Indirect taxes---The TOP Tax system, if adopted and implemented by all nations, will make the running of any business or industry to be easy and simple by doing away with all Direct and Indirect taxes, accounting, auditing and tax returns. Salient features of this new tax system.................... Taxation, tax collection, tax enforcement, tax compliance, allocation of revenues to various ministries or departments and money supply into the economy are unified and integrated in the banking system. In this new tax system there will be no Direct taxes, Indirect taxes, tax laws, tax returns, tax collection departments, …
Money Supply, Vijaya Krushna Varma Mr
Money Supply, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
TOP Tax system suggests that total money supply (real money and debt money/loan money) to be necessary for circulation in banks should be at the minimum level of 100% and at maximum level 110% of the value of GDP of the country. Out of this total money supply in the economic system, 99.7% of the money will be in dematerialised (non physical) form in the accounts of citizens, Governments and companies. Only small portion of money, equalling just 0.3% of the total money in the economic system, will be in physical form i.e. currency notes or coins. All high valued …
Eliminate Black Money, Vijaya Krushna Varma Mr
Eliminate Black Money, Vijaya Krushna Varma Mr
VIJAYA KRUSHNA VARMA Mr
Abstract: - We all know that black money is being generated by tax evasion through unreported/shadow/hidden accounts and also by corruption and fake currency. Tax evasion is being caused by the indirect result of high tax component on commodities and services, multiple taxes, complex tax structures, cumbersome accounting and auditing. In the present economic system, most of the money in circulation is in physical form (bills/notes). This physical money, in huge amounts, is being transferred from one hand to the other eluding all tax nets in transactions of commodities or goods and transforming into black money. The huge accumulation of …