Taxes have been the lifeblood for good governance. Contemporary ambitious developmental schemes for all round progress of the society rests on the revenue, generated through the medium of taxation. The power to levy taxes is vested with the sovereign. The tax proceeds go to the general revenues of the state and the taxpayer gets no return for his contribution, but only participates in the common benefits derived by all. However, the citizens of a democratic state have the advantage of being taxed only with the consent of their elected representatives.