Mr Jaitley, why is the income tax department hiding data?

Description

Our income tax department should bring out monthly bulletins as well as annual reports providing insights into the nature of our direct tax segments, says R Vaidyanathan. Palaniappan Chidambaram, finance minister in the United Progressive Alliance government, in his Budget speech in 2013 mentioned that 42,800 people are assessed to tax for income of more than Rs 1 crore (Rs 10 million). This is out of 3.10 crore assesses. Understandably, there was a hue and cry since the numbers were perceived to be very small. But the story is more interesting since the ministry has decided to hide data from the public. India's income tax department does not provide any statistics about the number of tax assesses, amount of tax paid, income ranges for different categories like individuals/Hindu Undivided Family/corporates etc. Read more at: https://www.rediff.com/business/column/column-mr-jaitley-why-is-the-income-tax-department-hiding-data/20141113.htm

Publication Date

13-11-2014

Publication Title

Rediff.com

Publisher

Rediff.com India Limited

Keywords

Financial management, Financial system, Taxation, Income tax

Source Link URL

https://www.rediff.com/business/column/column-mr-jaitley-why-is-the-income-tax-department-hiding-data/20141113.htm

Link to Full Text

Share

COinS