Bharatiya Janata Party favours abolition of income, sales, excise tax, ban on Rs 500, Rs 1,000 notes

Dec 13 2013, 08:19 IST
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If we abolish these income tax and other ones too, we will get revenue to the tune of Rs 40,000 lakh cr: Bharatiya Janata Party If we abolish these income tax and other ones too, we will get revenue to the tune of Rs 40,000 lakh cr: Bharatiya Janata Party
SummaryBharatiya Janata Party says it may include this policy move in its general elections vision document.

urge Nitin Gadkari that we should abolish income tax," he questioned.

"Do you think if you abolish income tax, the middle class will squander their money? No they will put it in banks and will be available for investment. It is the same with corporate income tax...You can abolish it.," Swamy added.

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