BJP favours abolition of income, sales, excise tax

jagankris

Well-Known Member
#2
#8
Guys, Relax.

Why are you all getting so angry. This will never happen.

Even if by some miraculous chance that BJP wins, they will go against what they promised. This is how politicians are , if history has taught us anything.
 

TraderPRO

Well-Known Member
#10
Lets forget for a moment who will form govt in center 2014. But , I am eager to know if this is feasible at all. Without the taxes, how can the govt get revenue et al.

BJP points out other possibilities like auctioning the natural resources and bringing black money. But, auctioning ALL the resources will naturally mean the price translation of the end goods either it be spectrum or coal or sand or minerals. And, this will lead to higher inflation.we are already suffocating.

Bringing black money is not a day's job.Already there are reports that swiss has told the black money has been moved out.Now,the black money seems to be coming from mauritius,singapore, etc..

And, what happens if they withdraw the 500/1000 notes as well? With raising inflations, are we going to be another zimbabwe carrying trucks of currencies of 10rs for basic needs?

I would happily say abolish the IT etc, and as a trader i would want govt to abolish all the taxes on the trading..:) especially the CTT and STT.
 

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