Need for taxes

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04 January 2014 Many times it is said that there are too many taxes in India. Today I saw that the same issue was raised by Baba Ramdev saying that all the taxes should be withdrawn and only one tax should be levied bank transaction tax. But i don't understand that whether taxes like income tax, excice, customs, VAT etc all are necessary or is it really practically possible that only one simple tax is enough. If there is so much uncertainty regarding tax laws then what is the future of Chartered Accountant in India. What if all the taxes are withdrawn, what CA is going to do as Tax service being a main source of income for CA?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 Nothing like that will ever happen in this country as tax is also the main source of black politicians in india.

Guest

Guest (Querist)

04 January 2014 So it means that complicated tax system of india is not actually the requirement. It is the Dishonest Govt. who is making fool of a common man by so many taxes?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 yes, obviously,,then how do u think they have so much property zooping into thousand crores in few years like in swizz bank a/c.

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Guest (Querist)

04 January 2014 So if Govt. is honest, Taxes may be withdrawn and then the profession of CA is at risk. Well i am sad to know that profession of CA is dependent on corrupt system.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 January 2014 we are not dependent only on tax..as we provided as nearly as 30 different services like audit,project financing,supply of manpower and many under advisory services under co management...

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