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Hey I am on Medialย โ€ขย 10m

One Tax Policy: A New Era of Taxation in India? What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service tax. However, those who donโ€™t pay income tax would still be subject to indirect taxes on goods and services. This could revolutionize tax compliance and incentivize more people to declare their income. But is it a sustainable model for Indiaโ€™s economy? Potential Benefits: โœ… Higher Compliance โœ… Simplified Taxation โœ… Reduced Burden on Businesses โœ… Exclusive Benefits for Taxpayers Possible Challenges: โš ๏ธ Revenue Balance โš ๏ธ Wealth Disparity โš ๏ธ Tax Collection Efficiency Would this "One Tax Policy" make taxation more efficient or create new challenges? Could this be India's future tax model? Letโ€™s discuss! Drop your thoughts in the comments. โฌ‡๏ธ #TaxReform #OneTaxPolicy #India #Economy

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