Here is link giving an overview of impact on common man of direct Tax code being introduced
http://in.specials.yahoo.com/budget2011/news-detail/post/news/303/impact-of-dtc-on-common-man.html
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The salaried class are the worst sufferers. They are the most honest tax payer as there is no way out. All their income is transparent. on the other hand, there is ample scope in business income to windo dress account and pay less tax. There are also many exemptions that may be used or misused. This results in salaried class bearing more burden of tax.
http://in.finance.yahoo.com/news/Salaried-class-bears-most-tax-yahoofinancein-1318526318.html?x=0
http://in.finance.yahoo.com/news/Salaried-class-bears-most-tax-yahoofinancein-1318526318.html?x=0
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Gulshan Kumar Ajmani
@gkajmani
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Created
Wednesday, 09 March 2011 17:07
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Tuesday, 30 November -0001 00:00
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