Tax terrorism in India
*The big myth on Income Tax Payers in India* Data from a Chartered Accountants' group.......; ✍ FM said during his budget speech that we are largely a tax *'non- compliant'* society and presented that only *3.7 crores* are filing ITRs in this poor country of 125 crore population . *The reply by CAs :* Sir, We have 82 crore voters out of which, - *75% are agriculturists* ie. 61.5 crores ( You exempted them straightaway, but they can also buy cars , bungalows etc. as you quoted.. Your political colleagues are also enjoying this exemption) *Balance remains.......20.5 crores* *Less:24% BPL class* ( Below poverty line) Means 15 crore population ( which is non agriculturist and non BPL) .. *Less : Senior Citizens, Non working wives, unemployed youths, below-taxable income earners...political class..(say 75%)* ... in a typical indian family only 1 earning member and 5/6 are dependent on him.... *Balance: (15-11.25)=3.75 crores is the earning class ... which