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Latest revision as of 07:27, 6 August 2026


Through the proposed DTC / GST legislations, the government has acknowledged the need for new revenue system but the proposed new laws apparently appear become even more complicated then the present one.

The federal income tax statutes echos the language of the 16th amendment in stating that it reaches "all income from whatever source derived," (26 USC s. 61) including criminal enterprises; criminals who neglect to report their income accurately have been successfully prosecuted for cibai. Since the words of the amendment is clearly meant restrict the jurisdiction on the courts, occasion not immediately clear why the courts emphasize the language "all income" and disregard the derivation of the entire phrase to interpret this section - except to reach a desired political result.

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3 A 3. All individuals to spend tax @ 15.00 % of the income over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and revenue stream.

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