Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARDS :: VAT RATES :: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARD :: TDS :: due date for vat payment :: VAT Audit :: form 3cd :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
General »
 Government sets aside Rs 10,000-cr tax demand on tech companies
 Income tax department surveys bitcoin exchanges
 Income tax department to target senior executives who have US bank accounts
 Exporters file over 10,000 applications for GST refunds
 Government wants RBI rate cut before March: Finance ministry sources
 Govt begins review of tax, other norms for startups
 Fall in tax collection compounds crisis
 Govt sets up task force to review income tax laws
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON

The Taxman's Day Out
July, 31st 2010

Read my lips, pay your taxes. The next time income tax-wallahs say that, we mustn't sulk. For, taxmen aren't merely monochromatic bureaucrats bent on burning holes in pockets. Several of them have just participated in art exhibitions and travelling workshops to fete a momentous occasion: 150 years of India's I-T department! They've displayed their dabblings, drawings, paintings and sculptures, alongside the works of art professionals. The aim? To 'paint' income tax that source of universal fear and grumbling in a new, people-friendly light. Surely a feat for the Great Masters.

Surprise, surprise: taxmen can give full-time artists a run for their taxable money. Was that why some full-timers had churlish misgivings about whether income tax could be beautified for an inflation-hit public? In the event, they supported the taxman's message: if bitter medicine's good for health and cabbage soup's good for the soul, tax is good for both plus the country. Amen.

Sans taxmen's services, Indians could hardly see taxpayer-fuelled growth and development. That they also see taxpayer-funded free lunches for netas and babus is another matter. Now, sharpened aesthetic sense will help tax decriers appreciate one symbolically loaded painting: a bull - representing growth driven by a taxman in a humble dhoti. Where but in art is there licence to put cart (taxes) before horse (wealth creation)? Another artist portrays taxmen as bees collecting honey for the greater good of the community. See? It's not just about the money, honey.

Tax guys elsewhere haven't been exempted from image problems, which they've never thought of fixing as creatively as our boys. A US humorist once said that he knows it's tax time whenever he looks at documents that make no sense no matter how many beers he's guzzled. Another had advice for people fretting about the audits of the formidable Internal Revenue Service: avoid showing "a red flag", that is, any leftover money in bank accounts after paying taxes! Did similar disgruntlement provoke non-payment of certain taxes in the past by no less than the current US treasury secretary? Not that it stopped him from getting hired to promote Obama's Tax Americana.

Back here, our taxmen haven't betted on art alone to reach out to citizens. Two highest taxpaying film stars pitched in, to appear in a documentary tracing the long way taxation has come. For the I-T department, it's been a happy way too, given last fiscal year's whopping Rs 3,80,000 crore mop-up. Who knows, with the PR coup of taxmen-turned-Picassos getting back-patted by Bollywood biggies, direct tax revenue may well shoot up, answering the deficit-saddled FM's prayers.

Only, to get returns on a true image makeover, shouldn't our netas expedite that model tax code that's supposed to usher in lower, compliance-friendly taxes, simpler rules and reduced scope for litigation? Or will our tryst with tax reform for direct or indirect taxes take another 150 years? If yes, let's redraw that picture and make it a bullock cart, not bull, driven by a dhoti-clad taxman. If no, cheers to less taxing times.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions