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rate of income tax

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(Querist)
23 August 2008 does the income tax effect the rate of inflation.
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CHEZHIYAN

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CHEZHIYAN (Expert)
23 August 2008 No Cannot be ... because Income tax rates where been reduced in past few year..

still Inflation is Increasing..

Let others comment i Keep it open Query
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Subash Gaijes

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Subash Gaijes (Expert)
23 August 2008 At present, the income tax has no effect on the inflation.
the major reasons for inflation are

1. crude oil price
2. RBI purchased more dollars
3. The lavish spending trend
4. No sufficient prospective for agriculture
5. the growth is mainly concentrated in I.T., service sector, manufacturing sector and not in agricultural sector and in rural areas
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CA Anuj Garg

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CA Anuj Garg (Expert)
23 August 2008 No IT dont affect inflation and some major factors responsible are mentioned above by MR Subhash
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