Demonetisation: Pune think tank advised Modi, suggested scrapping income tax too
ArthaKranti claims its leading light Anil Bokil, an Aurangabad-based chartered accountant and architect, was allocated nine minutes' audience with Modi in July this year Pune-based economic think tank ArthaKranti, which claims to have suggested to Prime Minister Narendra Modi to demonetise the Rs 500 and Rs 1,000 currency notes, wants the government to abolish income tax and 56 other taxes and replace it by a banking transaction tax, or BTT, of two per cent on earnings. “Imagine, taxes reduced. Petrol at Rs 28 per litre. That is ArthaKranti’s next proposal,” the outfit tweeted on Monday. ArthaKranti, which literally means financial or economic revolution, is a group of technocrats and chartered accountants. It first proposed its five-point proposal for tax reforms in 1999. It had even planned a meeting in Pune on November 11-13 to demand that the PM implement its five-point agenda. According to the organisation, it has had regular interactions with officials in t...
