Month: January 2020
The language bar in taxation
While talking of broadening tax base, we always talk of getting in more and more people in the tax net. Seems logical and convincing, but have we ever thought of educating those probable tax payers, right from the school. While discussing with my classmates and Professors, I was surprised to discover that though about fifty […]
A succinct and riveting story about ‘Taxation’
There is no doubt that today ‘Tax’ is the buzzword. It is aptly said by an American scholar that ‘the democracy will cease to exist when you take away from those who are willing to work and give to those who would not’. So in a country like India, there has to be a crucial […]
कोष मूलो दंडः
चाणक्य आज भी सार्थक हैI उन्हें आज भी हम एक महान अर्थशास्त्री, कूटनीतिज्ञ एवं राजनैतिक पंडित के रूप में जानते हैI कर प्रणाली पर भी उनके विचार मौजूदा भारतीय अर्थव्यवस्था पर बहुत ही सटीक हैI आयकर विभाग के प्रतीक चिन्ह ( Logo) मे एक सूत्र लिखा है – कोष मूलो दंडःI इस सूत्र को महान […]
“I like to pay taxes. With them, I buy civilization.”
“I like to pay taxes. With them, I buy civilization.” Justice Oliver Wendell Holmes Jr. Taxation is an essential financial charge levied by any governmental body to be able to fund administrative activities. Dating back to Circa 3000 BC in Ancient Egypt and subsequently the Persian Empire back in 500 BC, taxation has served as […]
Playing Lottery is a vice but paying GST on tickets is not!
Goods & Services Tax (GST) is a headline grabber in India. What recently made it more ‘intaxicating’ was its ‘blending’ with Lottery. And the issue was – Some of the States which run the lottery business to raise funds for welfare schemes wanted to pay lower GST tax rate than the one to be paid […]