I T Vs. W T [Replacing Tax on Non Corporate Income with Tax on Non Corporate Wealth]

The book is an extension of the concept for fixing tax liability on the basis of paying capacity of the tax payer. It aims at redistribution of tax liability with a shift towards high net worth individuals. Merits of wealth tax law over the income tax law are discussed with reference to gain to Revenue hardship to the tax payer ease of compliance and enforcement of law.