Consider a situation, where government of India decides to abolish Income Tax on all individuals, a class of individuals or on everyone.
How it will impact economy, GDP, national productivity, Stock Market, ease of doing business, capital availability, Real Estate and finance market?
Why you think Income Tax should be abolished or not?
Posted 3 years, 8 months ago by Rahul Rai
For the initial phase the government has to bare the losses but very gradually our economy will get stronger.
Regards,
CA HARDIK V SHAH
Posted 3 years, 8 months ago by HARDIK SHAH
Any reason for believing that economy will get stronger? Capitalist or socialistic country without source of direct tax revenue can sustain on its own?
Indirect taxes rates will increase or from where government will generate revenue?
How its done in Arab Countries?
Posted 3 years, 8 months ago by anonymous user
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