A World of Thoughts

@Thanks, Sify A welcome measure from the Government of India!   Something that taxpayers can feel good about. Let us make a list of what are the good things that can come out of it, if this scheme is implemented in the letter and spirit of what it says.   1.       One of the dirtiest words in tax collection is Harassment of taxpayer. A tax officer meets a taxpayer and goes through the accounts submitted by him. Identifies a mistake in the calculations. Bargains for personal gains and closes the case as all clear once his requirement is met. In most cases, the ‘mistake’ is more conceptual than real. A lay man could easily misinterpret the statutes while the officer whose job is to interpret the law, does so to his advantage, leaving out the spirit of the statute!   Most of these happen only when the officer meets the taxpayer in person and finds that the person is gullible. Identifies him as a source to meet his needs. When personal meetings do not happen, the chance that an officer cou

Elections come and go, every five years in India.  Be it Central or State, the tempo that it builds certainly reaches a crescendo as it nears the D Day and then falls flat for the next five years! Silent and unresponsive! Many a time, as tax payers, we have felt that the government should have been more responsive to our sufferings. More responsive to the way taxes are collected. Many times, we feel that so many different taxes continue to be collected by the local bodies, central and state governments in various forms and shapes. We spend a few people on the job of tax related work! Tax payment do the government continues to be a major exercise! Neither is the tax collection easy on our pocket; nor is it easy on our mind. There is always a pressure of filing returns every month for GST (3 reports to be exact) and the TDS payments. Now we have TCS payments too! Instead of simplifying tax payment procedures aren't we getting harangued continuously on some ground are other for tax re