Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com HRindiaonline.com
 
LOGIN
Forgot Password |  Register
Sunday , September 21, 2014 | Updated : Sep 21, 16:33 IST
Income Tax    Customs    Excise    Service Tax    FEMA    DGFT    SEZ    Misc    Pitara    Budget   
About Us Contact Us Advertise
Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com
NEWS FLASH
 
G20 commits to enable DCs to expand revenue base & okays Common Reporting Standard for auto exchange of tax info (See 'Breaking News') Health Ministry to take up anti-noise pollution initiatives (See 'Mixed Buzz') Income tax - Whether when assessee fails to submit confirmations regarding meagre loss on account of share capital and unsecured loan at time of filing of return due to paucity of time, invocation of penalty u/s 271(1)(c) is warranted: ITAT (See '2014-TIOL-664') ST - Service in relation to Transmission & distribution of electricity - S 11C exemption notification is applicable in respect of tax which was 'not paid' - appellant not eligible to get refund of tax already paid: CESTAT (See 'Breaking News') UN affirms People's right to 'Imagine' and Live in Peace (See 'Mixed Buzz') CENVAT - Rule 6 - Waste products arising in course of manufacture of sugar such as bagasse, cannot be considered as final products, and, therefore, payment of a sum equal to 5%/6% of price of goods is not required to be made: CESTAT (See '2014-TIOL-1804') Govt revises guidelines for purchase of note book/laptop by Govt Departments (See 'MISC' in Pitara) Govt notifies 7% DA effective from 01.07.2014 (See 'MISC' in Pitara) 8th Amendment Rule - Renewal energy - depreciation - benefit extended (See 'IT Not' in What's New) Real Estate Regulator: Govt is against over-regulation; Bill to be moved in Rajya Sabha soon, says Naidu (See 'Breaking News') I-T - Whether when addition made on account of Sec 10A benefits were deleted by Tribunal in case of earlier AYs, a notice for reassessment survives even if there is time left to file an appeal: HC (See '2014-TIOL-1622') Nov 7 to be National Cancer Awareness Day; 11 lakh new patients joining 30 lakh cancer family annually: Minister (See 'Mixed Buzz') ST - Bench had asked Revenue to verify as to whether surety bond has been executed as per SC order - in response, CCE, Pune III submitted letter wherein confirmation sought is not forthcoming but many other useless information is reproduced - Matter adjourned: CESTAT (See 'Breaking News') Railways adds 18 trains on Ahmedabad-Katra route for festive season (See 'Mixed Buzz') I-T - Whether as per Sec 36(1)(viia), deduction allowable is to be restricted to actual amount of Provision made in books of account for bad and doubtful debts: ITAT (See '2014-TIOL-663') Real Estate Regulator: Govt is against over-regulation; Bill to be moved in Rajya Sabha soon, says Naidu (See 'Breaking News') ST - Bench had asked Revenue to verify as to whether surety bond has been executed as per Apex Court order - in response, CCE, Pune III submitted letter wherein confirmation sought is not forthcoming but many other useless information is reproduced - Matter adjourned: CESTAT (See 'Breaking News') China slaps USD 490 mn fine on Glaxo for bribing docs to promote drugs PM nominates Adil Zainulbhai as New Chairman of Quality Council of India India proposes to establish SAARC Centre for Good Governance CENVAT credit availed on Input Services used in or in relation to manufacturing activity at Pune factory has no nexus with rendering of output service of Renting of Immovable property in Mumbai: CESTAT (See 'Breaking News') Goods for AEW&C System Programme of Defence Ministry exempted upto 5th October + Sample fabric import at Nil rate – total length increased to 1000 m in a FY; Rice bran exempted till 1st April, 2015 (See 'What's New) Anti-dumping duty imposed on import of Sulphur Black from PR China (See Notification 41 in 'What's New) CX - Rebate on goods exported to overseas subsidiary - Delhi HC holds Revenue cannot restrict rebate on value u/s 4 - Market Price under condition 'e' of Notifn No 19/2004 is export market price - Not Indian Market price - Allows rebate of Rs 23 Cr to Dr Reddy's Labs (See 'Breaking News') Increasing time limit for availing CENVAT credit from 6 months to 1 year? (See 'DDT' Column) Income tax - Whether HC has discretion not to exercise its judicial review powers in writ petition filed by assessee, when conduct of assessee himself is tainted and doubtful - YES: HC (See 'Breaking News') Board Circular 984 dated 16/09/2014 - Para-wise comments (See 'Guest' Column) ST - As provision of telecommunication service to international roamers would amount to export of service, refund is permissible in law - Revenue's appeal dismissed: CESTAT (See 'Breaking News') CBDT hounds Retired Commissioner (See 'DDT') India, China ink 12 pacts; to receive USD 20 bn Chinese capital in five years CBEC notifies Modinagar ICD (See NT 86) CBEC notifies Customs exchange rates effective from Sept 19 (See NT 87 in ‘What’s New’) CBDT extends Advance Tax date from Sept 15 to Dec 15 for J & K PM to launch 'Make in India' drive on Sept 25 Xi Jinping is in Delhi; India, China to take relationships to new high, says Chinese President
 
Bookmark and Share
Making People Pay - The Economic Sociology of Taxation

Authored by Sibichen K Mathew
Published by Global Vision Publication House
No of Pages: 299
Price: Rs 599

Legal Corner Icon

By N Nityananda, CA

Legal Corner IconMANY novels and fictions are so gripping that readers once they start seldom stop till the last page. That cannot be said about books on Economics and more so on taxation!! Here is a well researched and multidimensional book on taxation, which makes an interesting reading of a dry (?) subject like taxation.

The book starts of with the question in every taxpayer's mind – Why should I pay taxes? The author has illustrated various justifications of the taxpayers for the tax evasion and dodging. The reasoning ranges from a fundamental issue of absence of reciprocal benefit from the state to the intolerable fact of tax evasion perceived in their surroundings. It is in this constant dilemma of a citizen, the book ‘Making People Pay' – the Economic Sociology of Taxation is to say the least – is the light at the end of the tunnel. The credibility of this book is higher as the author is a scholar on the subject and he has alongside direct experience in the tax machinery of our vast country.

The system of taxation has traveled a long way from the historic approach of a smooth process akin to a bee collecting honey from a flower to a world of legal complexity, administrative heterogeneity and political inconsistency. But has it taken the entire tax paying population alongside is a difficult question to answer. The book rightly analyses that the economic models are unable to capture the behaviors of taxpayers.

The chapter on Indian and global tax history makes an interesting reading. The evolution of taxation through a series of wars far and wide, colonialism and tax revolts are well captured. Today we read in newspapers about the crores of rupees of taxes paid by Bollywood and cricket stars. The book compares this trend with the tax regime during ancient India, particularly of 324 BC (Mauryan Kingdom), when dancers and actors paid good amount of taxes compared to the businessmen. The pilgrim taxes and taxation used as a tool of discrimination amongst religions by rulers of both ancient and medieval India.

Then comes the relationship and conflicts of ideology between Politics and Economics. Author has analyzed the dilemmas in public policy, as there is an inevitable conflict of ideology between the political commitments and long-term desirability of such commitments for the country. He has also critically analyzed the link between black money, voluntary political funding and public policy compulsions.

The heart of this book is the analytical discussions on the subjects of tax evasion and tax enforcement. The author displays his vast knowledge and experience while dissecting the causes and consequences of tax enforcement, particularly income tax raids. This may be the first such study in the world that has analyzed the sociological and economic aspects of the invasion to private lives by an enforcement agency. From the how and why of tax evasion to the interviews of those who were raided by the investigation wing of the department adds value to the reader. The study has results which are astonishing, to say the least 73% of the respondents say that the IT raid helped in organizing their business better and 84% say that they are more systematic in recording and maintaining the accounts and 53% say that they have achieved better financial results after the raid only. Only 15 to 32% complain of losing their business to losing their customers on account of raids. The research by the author also points out the 76% of the respondents agree that in recent years there is better tax compliance. But it is surprising to find that many taxpayers openly admitted that they evade their taxes even after an income tax search.

The book clearly showcases the modus operandi followed by tax evaders and the reasons for tax evasion as perceived by them. These facts are not collected from any official records, but from the data gathered from the taxpayers themselves. The author has also delineated the expectations of the taxpayers from the government, tax system and tax officials. His analysis of the fiscal challenges for the developing economies in the context of globalization and tax competition is scholarly and academically stimulating.

The book has its own share of humour with cartoons by gifted cartoonist Mr.Sajjive Balakrishnan. One cartoon depicts how ‘Speech is Silver' to a taxman and ‘Silence is Golden' to a taxpayer!!! The forewords written by the SSN Murthy, Chairman CBDT and M N Venkatachaliah, former Chief Justice of India are very inspiring and informative.

When I started reading the book, I was engrossed and when I completed the reading, I felt more enriched and rewarded. It is a must read to all citizens – young and old. The details can be found at http://makingpeoplepay.blogspot.com.


POST YOUR COMMENTS
   
 
 
TIOL SEARCH
 
TIOL Mobile App
TIOL Subscriptions
 All-In-One Package
 Indirect Tax Package
 Income Tax Package
<< More Packages>>
 
   
             
Income Tax Customs Excise Service Tax FEMA DGFT SEZ Misc Pitara Budget
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Instructions
  • Advance Ruling
  • Settlement
  • Other Case
  • Directorate of Income Tax (Systems)
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Safeguard Duty Notfn
  • Anti-dumping Notfn
  • Drawback Cases
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Excise Amendment
  • Clean Energy Cess Notfn
  • MISC Circulars
  • 37B Order
  • Commr.(A) Order
  • CESTAT
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Miscellaneous
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • 37B Order
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • RBI Circulars
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • MISC
  • State Acts
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Policy
  • SC Cases
  • HC Cases
  • VAT Cases
  • Deputation Posts
  • Service News
  • The Insider
  • Transfer
  • Promotion
  • Recruitment Rules
  • Transfer Policy
  • Training Circulars
  • Service Cases
  • MISC
  • Pay Commission
  • Cadre Review
  • Budget Circular 2013-14
  • Union Budgets
  • Economic Surveys
  • Budget Speeches
  • Finance Acts
  • Finance Bill
  • TRU - D. O. Letter
  • A Taxindiaonline Website. Copyright © 2014 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension