Desikan GV, Research Scholar, Alliance School of Law, Alliance University, Bengaluru, Karnataka, India
ABSTRACT
This paper explains the disproportions existing in the direct tax revenue system adopted currently in India. Explaining the legislative inconsistencies existing in the direct tax system, the paper provides an overview of various ways in which the income taxpayers are subjected to other inordinate indirect taxes, fees and charges. The paper explains the way in which the current revenue system creates an impact even on the dead and bereaved. This paper studies the suggestions of various economists, researchers and authors based on their work relating to an alternative for the personal income tax system and the revenue system. These suggestions include the abolishment of personal income tax system and replacing it with an expenditure tax or bank transaction tax system. The paper concludes with certain suggestions as an alternative to the burdensome personal income tax system and places an appeal to the concerned Governments to review the extant revenue system and making it a simplified, unified, accordant and beneficial system.
Keywords: income tax, revenue system, alternate tax, direct tax, indirect tax
