- News: Modi asked senior tax officials to aim for widening the tax net to include more non-agricultural income households (from the present 5.4 crore households to 10 crore households)
- Trend: In India, 92% of tax revenues come from self-assessments, advance tax payments and tax deducted at source
- 8% of tax revenues are raised by the tax administrators, through assessments and scrutiny of returns
- Five-point charter: The changes could be implemented through a five-point charter, ‘RAPID‘ – Revenue, Accountability, Probity, Information and Digitisation
Friday, 17 June 2016
Widening the tax net in India
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