i suggest that there should be no income tax for all the citizens of India , i.e. all the direct taxation should be abolished and only indirect taxes should be levied.
this will help the Indian economy
1.to lessen the expenses being incurred for collection of income tax,
2.no citizen will try to conceal income,
3.no incurring of expenses for framing policies regarding levy of Income tax rules,
4.no delay in collection of taxes.
there can be a number of other reasons in support of this topic with will help further reduction of black money.
CAclubindia
