Hospitality industry can temporarily transform their business into luxury hospitals, facilitating for isolation wards and quarantine services, as unlike human progress, businesses are not forever.
Every business cannot be everlasting, as from time to time, new forms of businesses have to take place. This speeds up the human progress better than before.
Sangkrit encourages aspiring entrepreneurs for finding new ways of doing things, up to the extent of making any old ways of doing things in business almost impossible. Consistently innovating is the key to survive in business through this internet age.
Saving businesses at the expense of taxpayers’ money has been a regressive habit of old state. Whichever businesses fail to survive by business itself must only fail.
Sangkrit insists for to stop exodus of helpless poor people from metros and start induction from among them.
Facilitate these people and their families for food and shelter with due social distancing in government and private schools by sponsoring community kitchens inside to prevent any further aggression by Chinese pandemic and recruit volunteers from among them also to take on Wuhan virus by training the most of them in globally tested protocols to serve humanity through this.
During this lockdown the most promising political starting point can also be found in devloping a productive role for the deprived majority. Determining the role of helpless people trapped in exodus (as frontline force) could determine the fate of India’s battle on COVID-19.
TRAI must ascertain that telecom companies just cannot prevent people trying to port out nor they can charge for trying their customer care numbers.
Jio has successfully disrupted Indian telecom scenario, where end user was made to suffer by stagnating nexus of telecom operators, who were unwilling to upgrade internet standards of the country involved. Now they are clearly violating the licensing norms by not facilitating for customers to port out their numbers to Jio. Telecom Regulatory Authority of India must ascertain that these telecom companies just cannot prevent people trying to port out nor they can charge for trying their customer care numbers.
A programmer working independently can comfortably extend online support to domainers for five hours a day, charging not less than ₹2000 hourly per terminal. Healthfully working five hours a day for five days in a week, he works for only 1300 hours in a year. Therefore he would be making only ₹2600000 per annum. If he becomes very popular and starts charging more than ₹2000 hourly per terminal, he would be making much more.
Thus a programmer in India, not receiving more than ₹5000000 per annum, should take the route of presumptive taxation under section 44 ADA showing only 50% of total receipts as net profit without any accounts or deductions involved.
Register your idea of doing business as a domain at http://firstname.lastname@example.org to start selling with online support from email@example.com that is charged hourly per terminal. Make and receive all payments only via your personal bank account and if you are not receiving more than ₹20000000 per annum you are free to take presumptive route to income tax under section 44 AD giving your domain name as your business name.
Only 6% of your total receipts is considered as your profit when you receive all money as business direct into your bank account so you are liable to pay tax on that before 15th of March every year without any accounts or deductions involved.