Try GOLD - Free
Show Sensitivity to Honest Taxpayers, Panel Tells IT Dept
Mint Bangalore
|March 21, 2025
Tax authorities should be "sensitive" to the hardships faced by honest taxpayers due to wrong or inflated demands and take feedback from the public to improve faceless assessments, the parliamentary standing committee on finance said in a report submitted to the lower house on Wednesday.
The panel also told authorities to review "fictitious tax demands", which inflate the actual tax arrears that the income tax department could realize.
The Committee led by the Bhartiya Janata Party's Bhartruhari Mahtab expressed concern over the high figures of purported tax arrears and said there is a pressing need to review the tax assessment system to make it more efficient in collection of taxes, keeping in view the ground realities.
This story is from the March 21, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Connected gadgets may need to clear cybersecurity checks soon
The move follows a government assessment that found glaring gaps in cybersecurity certification, exposing imported products and critical infrastructure to risks of malware and tampered components.
2 mins
November 03, 2025
Mint Bangalore
India GCCs 2.0: From Cost Centres to Value Creators
As global capability centres evolve from support units to strategic hubs, India’s corporate leaders discuss how to reposition themselves as decision-makers and earn a seat at the global table
4 mins
November 03, 2025
Mint Bangalore
Is AI juggernaut OpenAI becoming too big to fail?
become a publicly traded company one day. Already, some are talking about how OpenAI might be the first trillion-dollar initial public offering.
2 mins
November 03, 2025
Mint Bangalore
Microfinance begins to recover, but it’s a long walk to full health
After two years of credit stress, policy reforms and write-offs, India’s microfinance sector is taking tentative steps to recovery.
1 mins
November 03, 2025
Mint Bangalore
How about special governance zones to improve Indian cities?
Let these be test enclaves for innovation so that their successful models can be adopted across India
3 mins
November 03, 2025
Mint Bangalore
Melissa leaves 50 dead in Caribbean
Jamaican officials announced plans Saturday to set up multiple field hospitals as it recovers from Hurricane Melissa, with the death toll numbering at least 50 across the Caribbean— and expected to rise.
1 min
November 03, 2025
Mint Bangalore
Why the world is wrong about attention spans today
You may have heard, your attention span is abysmally short these days. It would appear that it is remarkable that you have reached the second sentence of this column.
4 mins
November 03, 2025
Mint Bangalore
Small options traders thin out as reforms take effect
Number of some of the bigger investors fell as well, though not at the same pace
2 mins
November 03, 2025
Mint Bangalore
When more isn't better: Building a balanced mutual fund portfolio
Experts suggest a structured, goal- and time-based approach with the right mix of equity, debt and hybrid funds
3 mins
November 03, 2025
Mint Bangalore
Nigeria welcomes US aid in terror fight
Nigeria said on Sunday it would welcome US help in fighting Islamist insurgents as long as its territorial integrity is respected, responding to threats of military action by President Donald Trump over what he said was the ill-treatment of Christians in the West African country.
1 min
November 03, 2025
Listen
Translate
Change font size