Tax Base

PAN card rule change to come into effect from 5 December: I-T Department tightens noose around individuals running shell companies

A PAN is a useful device to track financial transactions so that the tax base can be broadened and tax evasion foiled.

Arvind Subramanian's three principles to ease formalisation woes: It's time these suggestions are acted upon

Why should a government that pushed demonetisation allow tax officials to set the taxation agenda that affects lakhs of small enterprises?

Over 17,500 tax evaders in net as I-T authorities launch massive crackdown after roll-out of GST

Uttar Pradesh emerged as the top state with maximum number, more than 50 percent of total figure, of tax evaders under the GST regime.

Lower taxes, higher public expenditure could widen budget deficit in 2017-18, cautions Moody's

Moody's believes that the government’s commitment to fiscal consolidation remains and sustained growth would help it reduce debt burden.

Demonetisation: Govt scrambles for defence as criticism mounts after RBI data on banned notes

The finance ministry rushed out a lengthy statement detailing the positive impacts, including improved tax collection, a widening of the tax base and new information on possible tax evaders.

Demonetisation: Narendra Modi’s black money figures in I-Day speech are confusing; govt owes an explanation

if the prime minister meant Rs 2 lakh to Rs 3 lakh crore as black money recovered from habitual tax cheats post-demonetisation, more clarity is warranted on these numbers

Benami property: Arun Jaitley stresses on setting examples to effectively deter such tax evasion

Referring to opposition of PAN-Aadhaar linkage, he said it is an "effective anti-evasion measure" and will get rid of multiple PAN cards and mismatch in income and expenditure, but it is being opposed "in the name of privacy".

Moody's says demonetisation, banking sector reforms to broaden India's tax base, cut debt

Moody's has a 'Baa3' rating on India with a positive outlook

Budget 2017 opinion round-up: Scathing criticism and praise for Arun Jaitley

Some feel Union Budget failed to deal with the pain induced by demonetisation, while others feel this is what Arun Jaitley could have done

Budget should focus on roads, affordable housing, rail to boost economy

The augmentation of the revenue base is likely to be directed toward infra and social spending; any major reduction in corporate tax rate would be accompanied by lowering of exemptions