WHY NOT INCOME TAX ACT FOR 5 YEARS!!!!!!!!

Yes,It's Creative Idea,JuDICIAL REFORMS IS FIRST TOWARDS KNOWLEDGE MANAGEMENT.

global positions changes every minute and with the lapse of time, stringent laws which can plug loopholes have to be passed, and if they r present, hve to be amended regularly........

there is no harm to either the citizen or the govt. at large due to this.........moreover honest taxpayers don't hve to fear........laws r made for those who intends to break them.........

restricting the power to amend  the law would certainly mean binding ur own hands against the errings.........

It's High time to Introspect and channlized energy of  Young Professionals towards Meaningful and fruitful exercised rather than running them towards fetching the provisions of Outdated Laws inherited by Previous Rulers of India,MInimized the Laws,and that to understandable by local communities languages only,Have You ever thought that without translations tools like computer,Laws in advance Urdu,Marathi submitted for compliance to the American/Britishers what shall be plight of that society?Similar situation Indian Facing nowadays.ONLY MInimum possible Laws is needed and that too criminal Laws and channlized entire force to comply the same fully.and Let's Create Jobs satisfaction amongest new generations.

According to me Tax should be change continuosly and the reason being every year there is a change in the per capital income and accordingly government also has to plan how much tax they should get so that they dont have to face the problem of low revenue ....coz ultimately the source for revenue generation is direct taxes.......Moreover, one can find loopholes in tax easily and then if that will be followed for long time then also government will earn less revenues

So it is acceptable if government keeps on changing it regularly

thanks for particiating, nice and meaningful comments

 yes a good creative idea

An idea can change Our life...

what an Idea SUDHIR sir ji

Agree with sudhanshu logical comments about change of per capita Income annually,BUT have U ever thought that PERCAPITA consumptions R least in INDIA,compare to small african countries.where people really njoy better life,even njoy better means of  public transport.Our focus is to utilized talents in meaningful ways to make next Generation life better than what V njoy rt now,the cost benefits analysis of 5year fixed  minimum Taxation Laws,will prove my arguments.

every year isnt the same, there are many changes in inflation, economic growth etc which will give its impact on profits and ultimately on tax. The work of the government is to balance there revenue with the expenditure, hence every year they change the rates, increase exemptions get some income and so on..

Make use of people behind this execised do some more creative and concreate Jobs,where country of this magnitude dire need of knowledgable persons in more sensitive areas like security.