
It can be quite overwhelming to any business , because so many daily transactions are through banks . The proposed tax on all banking transactions was recently in France , but that were not agreed upon . Some other countries have also failed in this regard . FICCI president Siddharth Birla says , " the BJP and Modi announced a policy please elaborate on this . Then we will give our opinion . Well , Modi spoke of simplifying the tax structure , which we fully support . "
Economist and former economic adviser to the Ministry of Finance Rajiv Kumar revolutionary believe this proposal . His assertion that before applying this year will achieve revenues of more than Rs 22 lakh . Current income tax , sales tax, all receive the same amount of taxes . But this formula will be successful only when the black money in the country to be over completely . It must also ensure that anyone through monetary transaction not .

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