6 Point Agenda for Task Force on Direct Tax Code

November 30,2017
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Uday Ved, Chartered Accountant

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  • CA Subodh AGRAWAL on Nov 30,2017

    read the article very carefully, my long year of experience shows why people don't want to pay correct tax ,it is more the question of psychology, sociology than economics. the method of taxation is used as tool to equating wealth, which has created a fear that income tax is loot ,than genuine effort to raise tax for meeting government revenue need. in case any taxpayer falls on bad days there is no social security linked to tax paid by him. the tax on govt employee should be nil as it is revenue neutral . I Strongly recommend we have to relook at the capacity to pay and other social science study In framing our taxation policy than legal and economic view.