Sanjeev Rajpal 815 days ago

These reports may be superfluous as per the press release there is huge deficit so far as collection of direct taxation is concerned ! Be that as it may the first codified direct taxation in India was ruled out more than 150 years ago with Punjab Land Revenue Act,1878. However, after the Government of India Act,1919 the Income Tax Act,1922 came to be regulated in the whole of British India which was replaced with the Act of 1961 and since then it is operational with numerous amendments in every budget session of parliament while enhancing exemption to various categories of residents etc.It is for XYZ reasons that revenue collection in direct taxation remain deficient so with the roleout of GST which is an indirect taxation the majority of the Indian residents even below BPL are also made the tax payers who were either exempt or generating income below taxable income as in the British era who kept on making different fiscal statutes.The efforts should rather be made towards collection of direct taxation with proper investigation into rampant evasions by class of residents, NRIs in particular who have been abusing the existing rules for the true meaning of revenue collection for the right development of the country !!