Tax terrorism?

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Absence of checks and balances can result in indiscriminate use of power by tax officials. Time for caution.

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Tax terrorism?


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Along with elections as the essential democratic process, checks and balances are also important for governance. The proposed Amendment to the Income Tax Act in the current budget implies that the tax authorities would be able to search and seize properties without requiring to give reason for doing so. View many video analyses on issues related to Taxation, on our Bodhi Shiksha channel They may thus become arbitrary, leading to harassment and corruption. Checks and balances are meant to ensure reasonable exercise of authority. The number of persons filing tax returns in India is very low. (Only 37 million i.e. 3 crore 70 lacs filed tax returns in 2015-16). Large number of tax cases is disputed. Demonetisation is likely to further increase this number. Demonstisation has provided an opportunity to tax authorities with the required database to scrutinize tax evasion. If done properly and quickly, it would give exemplary results. This is not easy though, and would face huge judicial hurdles. Though the government and the Parliament may decide to do away with the tedious procedure in favour of better efficiency, it should not harm natural justice. Although it is good to simplify procedure for tax officials, it should also have some balancing features to contain arbitrariness. Tax officials need to be provided a checklist, which would justify the action. View India's historical tax-GDP ratio trends here
   


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Bodhi Booster: Tax terrorism?
Tax terrorism?
Absence of checks and balances can result in indiscriminate use of power by tax officials. Time for caution.
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