now it is important to increase tax revenue by plugging loopholes rather than burdening honest tax payersanother way to plug loopholes is by launching an ethical hacking equivalent forum where tax practitioners help in improving compliancethere is a need to bring the black economy on the tax radar with outofbox thinking a large part of the black economy exists as buyers dont demand bills and pay in cash launch a mega weekly lottery scheme to reward buyers who insist on bills a mega lottery will entirely justify the costs through improved tax compliancei would like to end with the following a good doctor evaluates benefits of medicine versus side effects while writing a prescription increasing capital gains tax isnt a good prescription as it has more side effects than benefitsshah is md kotak mahindra asset management co ltd