This keeps most citizens in the dark about who is paying what and why. It also makes a political debate about taxes impossible. No one, or at least very few, will be able to untangle our tax code and its nearly infinite implications for the rest of us to have an informed debate.
A murky, complex tax system not only makes reasoned debate impossible; it erodes trust in those who make and enforce the tax code. Predictability flows from simplicity. Every taxpayer should know what they are expected to pay, why and when. This could be true for property taxes as well.
A tax assessor, insurance company, and realtor will all evaluate the same property at different amounts. Each of these experts should arrive at the same conclusion if there was an objective way to evaluate real property. There will always be a debate about the tax rate and who should pay. Currently we cannot have a productive debate about what ought to be done because we do not know what is being done nor can we tie the effects to the cause. Before we move forward with a debate over taxes, we should make clear what makes a system of taxation just.
Part of it has to do with the fact that many Indians do not earn enough annual income to even qualify to pay income tax, but a larger factor has to do with lack of tax culture, as also India's huge rural and underground economies. However, in contrast with the highest rate of Those earning between Rs. Further you are not required to any Income-tax if your total income doesn't exceed Rs. This is done by providing tax rebate of upto Rs. Those between Rs. Here also tax rebate of upto Rs.
The government provisional figure for tax collection was Rs 9. We should aim at achieving a tax regulation regimen in India which can match the best in the world. The reasons for apathy of the government and the taxpayers towards the tax payment and development of tax culture are Hence, it is better to be away from the tax department and the number of non-filers of tax returns is increasing.
Such notions strike at the roots of a healthy tax culture. The present realities of taxpayers' behavior are increasing tendency for payment of lawful tax.
Particularly the young businessmen's trend is to pay proper tax, which is a welcome sign. Analytical study of grievance about work culture and sense of fair play on part of the IT authorities will further help.
If one learns the basic rules, he feels comfortable in making compliance, and fear about income tax department may remain no longer. In fact many a times it is a fear of unknown. What is really needed on the part of the tax professionals also is to advice their clients on the present tax scenario which is much liberal than earlier decades. The cookie is used to store the user consent for the cookies in the category "Analytics".
The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. The cookie is used to store the user consent for the cookies in the category "Performance". It does not store any personal data. Functional Functional. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance Performance. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Analytics Analytics. Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement Advertisement. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns.
0コメント