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Income tax required or not?

Anooj (Chartered Accountant) (2130 Points)

02 March 2012

What is your opinion about income tax? Do you think paying taxes is good for the economic progress of a nation? Or do you think that taxation should be abolished?

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(Guest)

Taxation should not be abolished

Undoubtly paying taxes is good for the progress of a nation.

But in our country people started regreting paying taxes becuase of corruption/ misuse of our taxes by some politicians. ( Recent e.g. Mr Kripashankar singh, Ex Mumbai congress chief)

To avoid that there should be transperancy in all government departments, further if anyone found guilty, he /she should be punished harshly.

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Ashok J (CA Final) (880 Points)
Replied 02 March 2012

Paying taxes is very much necessary for the progress of a nation....

Plz keep in mind the following

1. Tax should be paid to hardworking govt and not hardly working govt

2. Taxes lowered and not abolished

3. As CA's we can play a major role in curbing corruption.

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sharad rai (learner ) (178 Points)
Replied 02 March 2012

AGREE

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CA SUMANTH (LEARNER.....) (294 Points)
Replied 02 March 2012

To attain equal Income distribution paying Income tax is must. For the reason of corruption we should not abolish taxation. We can curb this curruption if really wish.

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TARUN ARORA (Fresher CA) (132 Points)
Replied 03 March 2012

TAX Should never Be Abolished Completely......It may be reduced but can't be Completely Abolished....

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Rahul Sharma (----------) (8192 Points)
Replied 03 March 2012

Taxation should not be abolished .by giving fund in the form of Service tax , excise duty and any other tax helps for serving nation in disaster,developing infrastructure ,hospitality and other essentials for increasing econominc growth.i am watching today subhash lakhotia's(Tax guru) show on CNBC channel. He says that for recovering blackmoney and from those whose not giving proper tax to nation Gov. makes new laws. he gives best examples on shopping mall shops if shop owner paying proper tax to gov. stick a green dot sign outside of the owner's shop and red dot sign if he is not paying proper tax and then raid on that red dotted shops.

never think that you are paying tax to gov. u paying tax to our nation for a great developing india

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