Abolish income-tax, eradicate graft

This is with reference to “Tax Evasion—The Farce Continues” (Moneylife, 30 June 2011). It is possible to solve the problem of black money in our country if we take a single simple step and abolish income-tax. This is one of the direct causes of black money generation. The net revenue from income-tax—after meeting collection costs—is, in any case, negligible. A rise in indirect taxes can raise...

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My late father (who expired in 2000) had 50 shares of ICICI Bank with ICICI Securities (Kozhikode branch) in demat form. I had wanted to transfer the shares to my mother, who is the legal heir.
 
I had approached ICICI Securities, but they had said that the account was ‘untraceable’.

I would like to thank Moneylife for the initiative taken for solving the issue of my father’s demat...

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Moneylife offers its readers a unique service—helping redress grievances on a best-effort basis. However, we have limited resources to devote to this effort and can only pursue complaints that come to us by email. We request readers to please send us crisp complaints, with all the facts on email (not as an attachment) and send us the supporting documents, only if we ask for them. We cannot...

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