At this point of time - Govt should relax the indirect taxation system but the pricing should be goverened and enforced one & only by the govt without any bias for a particular period of time (Till recovery). More over Govt should re-introduce the wealth tax for super rich in the view of national interest !! Very importantly Liquidity / Free money should be given to general public to boost the demand --- Ultimately if there is no demand there is no use of supply & there will be no economic activity. So it would be better to follow FDR economics rather than reganomics !!

Tax percent should be brought down.What revenue tax government expects out of business when the sale has been zero.2. Big business houses should be involved in supporting the government in these times that can make up for atleast 1/3 of the revenue though a scheme can be made for such supportive actions that can benifit them in future.3. Tax holiday should be there for msmes so they can first support salaries of their employees. This,reducing the chances of joblessness. Government still have reserves but you can't expect an MSME to have crores in reserves.

India or Indian Government has given enough support and relaxation on tax for businesses. This has given a good stimulus to supply side of the economy. Now it's time to give the booster to demand side. Particularly to the rural side to restart the economy. Tax relaxation to individual will act only a little as it will be another saving option (if the relaxation on 80c) for salary. class.

Tax Holiday or no Tax Holiday in this situation govt is not going to receive any taxes as 15% of time lost & hence revenues lost by corporate so there will not be any profits in annual balance sheet of companies so there is no question of paying taxes.

Providing a tax holiday can only be considered if there is an alternate way to recover the losses. If the government starts levying heavy indirect tax on non-essential items, then tax holiday looks affordable. Anyways, people should not worry about taxes as such. They pay tax on their income. If they didn't earn any income this fiscal, they need not pay taxes. However, a relaxation in all the slabs can prove helpful for the public.

Yes but not to the extent that government is unable to bear the burden of on various schemes & developmental expenditure & it's high time PF money should be invested in equities, Corporate papers & G-SEC just like NPS as per requirement & age of account holder.That will stablize markets, make funds available for corporate & government for developmental expenditure only which will benefit lender & borrower both

Now the time comes to government to work out closely on their real expenses. If each and every individual start working towards corruption free environment than I think we may help the economy to boost up in a level it was never before.

Yes, India needs to have tax holiday. Whether , India can afford to have tax holiday is question of debate. We have direct taxes and indirect taxes. Our dependent on direct taxes are more. If we have some relief on direct taxes, even 25%, will help increase in demand. The increase in demand will give additional revenue to Government. As far as indirect taxes are concern, these taxes are any case going to be lower, due to lower income. However, tax holiday will give a positive state of mind, to the general public, which is very important to bring normalcy in economy. The Government can meet these losses by printing notes? Or using reserves and surplus available with RBI.

It's better that the tax seasons shifts little bit ahead and there should be a reduction in the tax bracket, afterall India cannot afford a tax holiday

It's a bullish market. The government in itself can be treated as any other business.Any business at this point has been able to support their employees for a period of 45 days. No more.To make any further enhancement of the budget will be a pressure on the government, coming from international firms and banks.

Given the current state of the economy, even though tax break looks like a viable option However all the more it can be very dangerous at this time, what is needed is some relief measures to pave the way for those hit hardest by the pandemic and by seeking help from those who can continue even at thesw grim times!

If I talk about Government, with the expenses to meet the healthcare demand and support the poor people, no govt does not have a room for tax breaks. However, with the current economy situation, and looking at the pockets of consumers and manufacturers, do we have options?

The Government may not have enough fiscal space to do this. Also, tax holiday is vague. Exemptions from which tax and what period of time needs to be clearly told.

If Tax relief is not provided then Bharath's economy will be doomed.

Yes. Granting tax holiday proved successful in the past. Now global economy bring under stress , India must plan a tax holiday as an incentive to improve GDP

Wasn't able to find "How not to tax my way out of coronavirus." This is clickbait article.

Kejriwal has already started imposing absurd taxes

Modi should understand that economy and economic management is not its forte. He can only destroy. Its high time he takes help of best brains in economic management with proven track record. Compounders can't be expected to make heart surgeries which economy needs now. Taking money out of consumers by taxing would only hurt growth, tax revenues forcing country into vicious circle.