Taxindiaonline.com
Taxindiaonline.com Taxindiaonline.com TIOL Tube Taxindiainternational.com
 
LOGIN
Forgot Password |  Register  
Wednesday , August 31, 2016 | Updated : Aug 31, 09:08 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
 
CX - Exemption - deemed to have been duty paid even without production of documents evidencing payment of duty thereon : No duty required to be paid: SC (See 'Breaking News') I-T - Whether it is open to Revenue to contend that as per Sec 11 of General Clauses Act, 1897, distance between agri land and municipal limit is to be measured, only in straight line or horizontal plane, when it is clear that there is no straight jacket formulae as per intent of the legislature - NO: HC (See 'Breaking News') CX - Clandestine removal of Textured Yarn - Appellant submitting that they had used duty paid POY for manufacture on which no CENVAT was availed and, therefore, they are entitled for benefit of Notfn. 6/2002 - no observation of lower authorities on evidentiary value of CA certificate - matter remanded: CESTAT (See 'Breaking News') Cus - Discussion & findings and operative portion of order are apparently contradictory - there is clear non-application of mind on part of Commissioner (A) - order set aside and matter remanded: CESTAT (See 'Breaking News') Revenue Secretary says GST implementation may be delayed by six months if Trade & Industry ask for it Advancing budget presentation to January-end - FM says it's a good case and issue is under active consideration of Govt Govt agrees to hike min wage to Rs 350/- per day but Trade Unions demand more; Strike called on Friday ST - Regional Connectivity Scheme - 90% abatement of taxable value of tickets notified (See Notifn 38 in 'What's New') President awards Tenzing Norgay Award to Biswas, ACIT (See 'Mixed Buzz') Distribution of LED Bulbs under Ujala - Gujarat crosses 2 Crore mark 20 More APAs entered into & a few with 'Rollback' provision (See 'TII Brief' in Taxindiainternational) Sovereign Gold Bonds - Applications to be accepted from Thursday for 5th Tranche (See 'Mixed Buzz') Telangana + Haryana take tally of States ratifying GST Bill to 11; West Bengal appears to be sulking Cus - Notfn. 12/2012-Cus has been issued in public interest- Therefore, it is not correct on part of Revenue to state that since purpose of import of aircraft is in nature of personal use and not for public use the benefit should be denied: AAR (See 'Breaking News') Central Excise – Refund – Burden of Bearing Duty till Last Buyer - Credit Notes Good Enough Mode - SC (See 'DDT' Column) Income tax - Whether order of Settlement Commission can be revised belatedly, in absence of proof of any allegation of fraud or misrepresentation - NO: HC (See 'Breaking News') The pointless Point of Taxation Rules, 2011 (See 'ST se GST tak') ST - Tax having been accepted into Consolidated Fund is sufficient to reinforce eligibility of appellant as provider of taxable service to take and avail CENVAT Credit - refund of accumulated credit admissible: CESTAT (See 'Breaking News') FTP - Export of Red Sanders wood by Government of Andhra Pradesh & Directorate of Revenue Intelligence (DRI) - Revision of quantity (See 'DDT') Central Excise - Refunds - Unjust Enrichment - Buyer does not mean first buyer alone; Refund on basis of credit note permissible: Supreme Court (See 'Breaking News') Govt enlarges scope of Central Sector Scheme Sagarmala (See 'Mixed Buzz') Customs –Self Assessment – Pay Anti Dumping Duty or Face Severe Penal Action – JN Customs (See 'DDT') CX - Rule 2(k) of CCR, 2004 - CENVAT credit is admissible on HR sheets used for manufacture of biogas storage tank which is exempted under Notification No. 67/95: CESTAT (See 'Breaking News') Minister launches ‘Pharma Sahi Daam' Mobile App (See 'Mixed Buzz') Scheme of Rebate of State Levies on Export of Garments 2016 (See 'DDT') India, UK looking for avenues to boost bilateral trade, including FTA: Commerce Minister Maharashtra also joins list of States ratifying GST Bill Supreme Court upholds Allahabad HC decision mandating that a lawyer outside State cannot appear in Court without a Local lawyer's appointment AP Govt & DRI get more time for export of seized Red Sanders; Quota for AP revised (See Notification No 24 in 'What's New') India-Mauritius DTAA to curb revenue loss, prevent double non-taxation (See 'Mixed Buzz') IGI Airport Customs seizes heroin worth Rs. 40 lakhs from Afghan national Trade dialogue between states & US investors to boost bilateral trade: FM (See 'Mixed Buzz') Rajesh Kumar Bhoot, IRS, 1994 Batch, is appointed as New JS (TPL-II) (See 'Service News' in Pitara) India, USA Strategic and Commercial Dialogue to take place tomorrow in Delhi (See 'Mixed Buzz')
 
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
   
 
 
 
Download on the App Store
Get it on Google play
TIOL SEARCH
 
Visit TIOLCorplaws.com
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
  • Instructions
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Advance Ruling
  • Settlement
  • Other Cases
  • Directorate of Income Tax (Systems)
  • Reports
  • Customs Rules
  • Tariff Notfn
  • CVD
  • Non Tariff Notfn
  • Circulars
  • Anti-dumping Notfn
  • Safeguard Duty Notfn
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Advance Ruling
  • Settlement
  • Drawback Cases
  • MISC Circulars
  • CCRs - 2004
  • Central Excise Rules
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Advance Ruling
  • Cesses Notfications
  • Excise Amendment
  • MISC Circulars
  • 37B Order
  • Settlement
  • Commr.(A) Order
  • Tribunal
  • GST Kitty
  • Notifications
  • Service Tax Rules
  • 37B Order
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Miscellaneous
  • DIPP Notification
  • FDI Approved
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • RBI Circulars
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • PMLA Notifications
  • Depository Scheme
  • Press Note
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Acts
  • State Policy
  • MISC
  • SC Cases
  • HC Cases
  • VAT Cases
  • Miscellaneous
  • Service News
  • Promotion
  • Transfer
  • Deputation Posts
  • Cadre Review
  • Transfer Policy
  • Training Circulars
  • Recruitment Rules
  • Pay Commission
  • Service Cases
  • The Insider
  • MISC
  • Budget Speeches
  • Union Budgets
  • Economic Surveys
  • TRU - D. O. Letter
  • Finance Acts
  • Finance Bill
  • Budget Circular
  • A Taxindiaonline Website. Copyright © 2016 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension