V BY GROUP -1

Vinod Yadav
Rashmi Verma
Himanshu Kishore Prabhat
Khyati Gautam
Bharat Bhooshan
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i  is t  p rt 
i t
t 96 .

° s  l l t 
t r

t
li ilit .
°¢ndividual lans his or her inances
so as to a ly all exem tions and
deductions.

°Strategy to ay least amount o tax

through legal means.
Vï

  number o initiatives have
been taken to increase the eiciency o
the tax system. ¢ndividual tax rates are
diminished. Ca ital gains tax rates and
dividend tax rates have been slashed to
15%. There has been liberalization in
savings instruments like ¢ndividual
Retirement ccounts or ¢Rs. However,
these changes should be made
ermanent.
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  The cor orate
income tax and 50% o the ayroll tax
charged at 15.3% cause a substantial
amount o burden on eo le. This tax
code is invasive in nature and individuals
are treated artially. This roblem should
be sorted out.
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 The volume o tax
regulations has gone u to a signiicant
extent.  number o articular tax
beneits have been added to the tax
codes by the Govt. Thereore, there is an
urgent need to make the tax system
sim liied.
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This will in return as

the tax ayers will be
more able to reduce
the rice o their
roduct.
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Changes the actual tax rate
structure & rustrate the
objective o govt. ublic
olicies and disturb the
eort to maintain economic
justice

V Ú
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° The conce t o avoiding tax does not
necessarily mean that your com any or
business would ay no tax.
° ¢nstead o s irit regulation today tax
avoidance is increasing year by year mostly
by the businessman, to avoid the tax
u
 they can easily show less annual
income by creating black money in the
market. it is also increasing inlation.
° But this is also a good or the tax ayer, i we
use it in a correct ways