If Personal Income Tax (PIT) is done away with, not only more than 6 Crore people will have freedom from the burden of submitting the annual ITRs for which now the last date has further been extended from 31st December 2021 till 31st March 2022 but even the organizations complying with the TDS will also be free from the burden of collecting, remitting and submitting various returns if PIT is shelved.
We speak of ‘Swachchh Bharat Mission’, ‘Safai Abhiyaan/Cleanliness Drive’ etc. and have fixed a time-frame to make India really neat and clean. Similar such initiative is required with respect to Indian currency as still the country has many years to pass when one might expect a nation becoming fully digital and do away with the system of physical currency.