Tax Terrorism

As the inflation rate declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth

'We are reforming rules and procedures and using technology,' PM said

A healthy economy is one where the assessees, whether individuals or corporates, pay taxes according to simple laws

Many experts feel the focus of tax reforms has to now shift to tax administration

Blaming tax officials will not help us get to the root of the issue. The problem is government itself, in two important ways

Congress leader Rahul Gandhi on Monday hit out at the Modi government, alleging that the Income Tax Department is "running amok"in a bid to meet India's revenue shortfall. "The FM (Nirmala Sitharaman) said in her budget speech that an elephant should take just 2 pounds of rice & not trample the entire paddy field," Gandhi said in a tweet. "Meanwhile, the IT dept elephant is running amok in a bid to meet India's revenue shortfall," he said. Gandhi also shared media reports alleging that "tax terrorism" was hurting India's growth.

Although most courts have ruled in favour of societies, tax department continues to tax the hardship allowance developers pay