“Ultimately, TARC’s consultations led to the conclusion that the tax system is not only complicated, confounding and contradictory, it is also affected by corruption, inefficiency and incompetence. Even ordinary taxpayers need to hire a tax consultant for tax payment, which costs them money, and, therefore, they become willing tax …
Read More »Interesting facts revealed in Tax Administration Reforms Committee Report – PART A
The report submitted by Tax Administration Reforms Committee (TARC) on 30th November 2014 to the Finance Minister has recommended levying many more taxes. On the one hand, the Government is trying to bring in a unified indirect tax system (GST) and on the other hand, the expert committee is …
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Simplified Laws Guide to Taxation and Legal Concern