Complexity of taxes in India
By taking steps to simplify the tax laws, the government can make it easier for taxpayers to comply with the law, reduce the cost…
14 August 2023
Taxation
‘Expenditure Tax’ in place of Income Tax : Indeed a block-buster reform
If Personal Income Tax (PIT) is done away with, not only more than 6 Crore people will have freedom from the burden of submitting…
26 February 2022
Four years journey of GST: Meaning, problems and suggestions from trader’s perspective
The law is still a work in progress, and the process of evolution cannot be removed in such a complex trip. In the future,…
6 January 2022
You can submit Form 15G/Form 15H even if your gross interest income exceeds your apparent tax-exempt slab, provided
Many banks interpret the term ‘total income’ concerning declaration in 15G/H, as any non-professional would and not as expected of them under the IT…
5 July 2021
GST reforms: Recent issues and reforms required
GST was a huge bargain when States gave up their rights to collect sales tax while the Centre gave up excise and service tax.…
23 December 2020
Taxes, the Bhagavad Gita, and the Bible
A response to those of the Left who point out apparent hypocrisy of religious people in demanding low taxes.
2 July 2020
E- Invoicing Under GST Regime
Recently announced E- invoicing or Electronic invoicing can be said as one of the efforts to curb tax evasion through digitization.
24 February 2020
Corporate tax cut, a sensible move to boost the spirit of market and customer delight – Hail Modi Govt
If Modi had only weighed political interest and winning election, he could have be tougher with corporate and generous in social welfare schemes. But…
23 September 2019
Why agricultural income is tax free in India without any limit
If agri income is made completely tax free without any limit, it clearly means that the farmers are not the real beneficiaries of this…
30 July 2019
कैपिटल गेन्स से सम्बन्धित वरिष्ठों की पीड़ा
शेयरों पर कैपिटल गेन्स यानि LTCG वाले मामले में राजस्व में बढ़ोत्तरी होगी साथ में सही मायने में Senior Aged Small Stock Investors को…
3 June 2019