Corruption flaws from corrupt revenue laws and aim to ensure that businessmen do business without bills. The most corrupt of such laws is Value Added Tax Act. There is immediate need for withdrawal of Wealth Tax Act, Capital Gains Tax Act, Central Sales Tax Act, Excise Duty, Service Tax and taxes on movement of goods & services within India. The sum total of all taxes is so much that free education can be granted upto level 12 to all Indian kids, including free transportation. India's population is India's biggest strength but for lack of proper education, we have proved to the world that it is India's biggest handicap.
If anyone has seen the movie "NAYAK" in its right perspective, they will understand this.
No body, not even GOD can change things in India where 80% public think they do not pay any taxes, whereas the fact is that even the poorest person pays taxes varying from 4% to 78%.
CA Pravin Revawala
On Sunday, 19 January 2014 9:01 AM, Prasanta Misra <firstname.lastname@example.org
> wrote: more