income tax Archives

Reasons Leading To Tax Avoidances Amid COVID-19; Check Out

Pooja YadavApril 13, 20220

COVID-19 has already infected variant people and claimed nearly half 1,000,000 lives. The sudden halts in economic activity and employment are far worse than anything on record, comprehensive and speed. The economies of developing countries are being harmed by drastic but very necessary measures to safeguard people’s health, and by cross-border disruptions in supply chains, tourism, remittances and commodity prices. The poorest and most vulnerable segments of the population are always affected disproportionally during economic downturns. this can be compounded during the present crisis because the poor have fewer options to safeguard their health and suffer more from disruptions to public services. Recovery won't be quick, and therefore the future will differ in important ways...

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“Union Budget Recognises The Efforts Of Tax Payers”-REALLY?

Pooja YadavFebruary 4, 20220

Recently while presenting the budget recognized the efforts of taxpayers and their productivity. But Mr. Subrahmanyam swami a renowned political leader in an interview given to India today has said that income tax should be abolished. India needs about 14 percent of growth rate to become a 5 trillion economy. This could be achieved only by abolishing the income tax according to Mr. Subramanyam swami. Through this article, we will discuss the different aspects of income tax or should be abolished or is it unfair for the individuals?. Let's start the discussion then... DEMAND FOR ABOLISHING THE TAXThe demand for abolishing the income tax is not new. There were many times people and experts have demanded to abolish the income tax and some even called this system a cruel one. The d...