Sunday, 27 September 2020

Income Tax - Boon or Bane !

Income Tax - Boon or Bane

Enough has been said about how successive Indian governments have failed to take care of honest taxpayers. Far from taking care, successive governments have been taxing them further and further. 

And then, the classic case of double whammy wherein government tax gains on investments made by savings that were already taxed ! Capital gain taxes on equities is a classic example of “double taxation / double whammy”