... as infeasible merely because of practical or administrative problems. © MCB UP Limited 1995 Economics Expenses Feasibility Income tax Tax law Taxation Obviously, we must measure net savings. The value of bank balances at the beginning of the year, money borrowed, money received...

...J. Ram Pillarisetti Argues that direct tax reform in India should include elimination of income tax and capital gains taxes. Presents an analysis of how the unbelievably high direct tax rates over several years, coupled with several types of controls, drastically distorted the price and incentive...