Guynextdoor2
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no worry these guys already faced the IT people when the diamond merchants arranged a function for Modi in Mumbai last year pre elections
some 700 daimond units in gujarat were raided by IT
Someone wote TELENT
its not Talent its Skill + Talent + Hard Work
second yes it was most probably stated as family business
also this is only big and highlighted
there are many such people in Gujrat from Saurashtra who so such kind of things
most of such people come from humble and poor backgrounds themselves climbb the ladder thru seer hardwork, skill and luck and then give a fair deal to thier employess and society
e.g.
Ajanta gorup stepped into big thing in Morbi in wall clock manufacturing a few years ago
they made it a polciy to employ mostly women from morbi and surronding areas to help the household get stable income as many males in the household worked in the field and farms
in those times some more than 15-20 years ago after 2nd year they gifted kinetic Luna (2 wheeler Moped) to all their employees (approx 1000nos )
some years ago
a diamond biznessman of bhavnagar setup a diamond polishing centre at his birth town there he prepared a township where all workers were provided residences for token rent of Rs 500/- month and if those workers worked for more than 10 years with his co. those residence were transferred to the workers name without any additional money
That complex also had a school and college where all workers children + all student are still today being given free education
the trust gives shcool bag + books + lunch + no fees + 3 picnincs / year wothout any charge
all, the students parents need to spend on is uniform & shoes no other expenses
Source: Diwali bonanza: Surat boss gifts cars, flats and jewellery as bonus to his employees
to all the guys this is not a diwali bonus
The diwali bonus given is 2 times of the last years average monthly salary
+
this is not a diwali bonus this is a PLI (performance linked Incentive)
this has been given based on the employees annual performance
I'm not questioning his intention. I'm just saying that anything this visible invites the tax guys.