Rahul Mehta Gandhinagar LsCandidate

FDI investors get tax exemptions on most taxes such as income tax. Will NaMo continue that policy? If yes, then IMO local Indian investors get royally ruined.

Now for details, pls confirm with a CA first and then post questions here. If you dont have time to ask a CA, then pls dont waste your time posting questions here. Activistism is 90% working on own and 9% answering questions and 1% asking questions. If you dont want to work on your own, pls dont shower questions on me.

FDI investors give dollars and get rupees from RBI. Now whatever profits they may from this rupee they invest is tax exempt, unless they want dollars back. eg say Rs 60 = $1 is the rate. Say an MNC-owner brings in $ 1 crore. Then RBI will give him Rs 60 crore . Now say he makes a profit of 15% i.e. Rs 9 crore on it. Then he will NOT have to pay tax of Rs 3 crore on it, which other normal Indian businessmen will need to pay. Further, whatever profits he makes from this 9 crore of investment too will be tax exempt !!

FDI in certain sectors also get exemption from customs , excise, service tax etc. In such cases, there is no way local businessmen can compete against them.

So will NaMo has PM support tax exemptions to FDI? Now since I never voted for NaMo, I never voted for BJP, and in may-2014 I will be voting for Right to Recall candidate or NoTA and thus I wont be voting for NaMo, I have no right to ask this question to NaMo to BJP. But NaMo-supporters might want to get answer to this question and also tell answer to this question to voters. Till now, NaMo-supporters had valid answer to qustion that "NaMo is Swadeshi, NaMo is anti-FDI and so this question doesnt apply". But now that NaMo has declared himself as pro-FDI, the question does come "will NaMo support tax exemptions given to FDI"? If yes, then IMO, India is on way to become SoKo or Phillinpines or some combination. And MNC-owners are also notorious for splitting countries into pieces.

Solution I propose are TCP, RTR etc etc. And complete cancellation of all tax exemptions to FDI, and making rupee free floating, 300% customs duty on all products except natural resources such as gold, crude etc and ending RBI's responsibility to give dollars to importers. And making all international trade gold\silver based in 5-10 years. But all that needs TCP.

But for time, I request NaMo-supporters to get answers to this question whether "NaMo will continue tax exemptions to FDI"?