Tax Reform by 1℅ Tax on Receipt / Transactions.
For Big Tax collections,
take1% from 20 Taxpayers
than 20% from one,
Income Tax=1% of Receipt.
For Rs. 20 L Receipt,
Get Rs. 20 K Tax.
If Taxpayers=40Cr,
Tax collection=80L-Cr.
Simple Tax=more collection,
& No refund Problem.
At present we have 3 Cr Taxpayers,
Collection=3.5L-Cr,
Taxpayers will work to improve Business / Services, more
take1% from 20 Taxpayers
than 20% from one,
Income Tax=1% of Receipt.
For Rs. 20 L Receipt,
Get Rs. 20 K Tax.
If Taxpayers=40Cr,
Tax collection=80L-Cr.
Simple Tax=more collection,
& No refund Problem.
At present we have 3 Cr Taxpayers,
Collection=3.5L-Cr,
Taxpayers will work to improve Business / Services, more
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Best governance is to remove all taxes and ask government servant to earn their salary by use of assets under control of their department by providing service to public. more
Aug 30
Tax will be shared by central / State / Local bodies as per locations of Tax Payment Cash Transactions payments will be similar to post paid mobile payments. Mobile number should be Connected to PAN / ADHAR . Bank account Number should be mobile number. 1% should be ded Most people will pay Rs 10- for Rs. 1,000- Sales /Received. As No body want to see, "Mera Bap Chor Hai" On hand of their children.. more
Aug 29
