GOOD REASONS FOR TAX EVASIONS...

#IncomeTax #TaxEvasion #IndianTaxSystem #TaxPayers #TaxPayee #TaxFrauds

THE REASONS WHY MOST INDIANS EVADE PAYING INCOME TAX? 

       

Aware we all are, how important generating reasonable tax revenues are for every government. Without it, no government can run their country. It has been debated over and over that India gets inadequate tax revenue from Indians because majority of Indians do not like to pay taxes to the government and every year they find newer ways not to pay exact amount of tax on their income sources. There are scores of reasons given and debated for this. It is also not a hidden fact that the community of chartered accountants, lawyers, departmental government authorities and even tax authorities in some cases, across nation helps Indians in tax evasions doing illegal underhand dealings. Income tax data shows high level of tax evasions related frauds taking place in India. There are lots of powerful people in powerful positions in government help these corrupt Indians every now and then in export and import business.

ISN'T OUR INDIAN GOVERNMENT RESPONSIBLE FOR TAX EVASION?

Besides, income tax there are multiple complex ways through which Indian government somehow or the other manages to get taxes from the people who do not pay income tax. Like when one buys or spends money on cinema tickets, restaurants and so on, one pays some sorts of tax on the product but that can not be called by any means an income tax. I happened to come across a brilliant video that gives valid reasons for Indians as to why most of the people in India do not prefer to pay income tax. Though, I don't subscribe to this view of not paying income tax to the government but there is a great deal of substance and justification in this video for tax evasions. Having watched this video given below, I guess most of the people would endorse these reasons and if our government takes notices of these reasons it might help curb black money too for which BIG FISHES hunt for tax havens overseas and also people would come forward on their own to pay income taxes.