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Abolish IT on individuals ..
by Ashok Varma on Feb 21, 2007 02:48 PM

IT ought to be abolished on individuals. If need be, individuals may be required to file nil returns. Just so the government can keep tabs on earnings. To make good the shortfall, if any, businesses should be taxed a percent or so higher. Doubtless the government rakes in more than the budgeted receipts in excises and custom duties. Then why is the government arm-twisting public and not-so- aam public to contribute miniscule amounts each year?

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