Tax Reform Proposals

1 Merge Direct and Indirect Taxes Let there be only one Tax 2 Collect the unified Tax by way of TDS 5-7.5 % TDS on all Bank credits should be sufficient 4 No difference between capital and revenue receipts5 Since it is TDS Ease compliance burden by avoiding audits returns etc etc 6 More emphasis on end use of funds Audit power can be diverted in that direction7 TDS audit can be made mandatory for all individual accounts8one tax and one rate will simplify the tax laws and compliance MVGFCA

nd use of funds

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