You are here: Home » PF » Column » Gold
Business Standard

What govt can do to catch tax evaders without making an honest taxpayer's life difficult

At present, an individual gets tax benefit under Section 54 irrespective of the number of properties owned by him

Harsh Roongta 

Many are expecting the government to now target gold and real estate to curb black money, after the demonetisation of Rs 500 and Rs 1,000 notes. Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault. These steps are major decisions akin to demonetisation and have implications of similar scale. They need to be thought through carefully, if at all they are being considered.  The government can take two steps that might help catch tax evaders without ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

What govt can do to catch tax evaders without making an honest taxpayer's life difficult

At present, an individual gets tax benefit under Section 54 irrespective of the number of properties owned by him

At present, an individual gets tax benefit under Section 54 irrespective of the number of properties owned by him Many are expecting the government to now target gold and real estate to curb black money, after the demonetisation of Rs 500 and Rs 1,000 notes. Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault. These steps are major decisions akin to demonetisation and have implications of similar scale. They need to be thought through carefully, if at all they are being considered.  The government can take two steps that might help catch tax evaders without ... image
Business Standard
177 22

What govt can do to catch tax evaders without making an honest taxpayer's life difficult

At present, an individual gets tax benefit under Section 54 irrespective of the number of properties owned by him

Many are expecting the government to now target gold and real estate to curb black money, after the demonetisation of Rs 500 and Rs 1,000 notes. Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault. These steps are major decisions akin to demonetisation and have implications of similar scale. They need to be thought through carefully, if at all they are being considered.  The government can take two steps that might help catch tax evaders without ...

image
Business Standard
177 22