Rajesh M. Kayal

The writer is a chartered accountant.

Articles By Rajesh M. Kayal

For faceless tax scrutiny to be successful, tax rules ought to be drafted with clarity

Unfortunately, in our Indian tax system, legal disputes ensue because tax laws are not drafted with clarity and are hence misused by tax officers. Such litigation adds to cases in the country’s already overburdened courts.

A RERA for the shareholder

High-profile corporate scandals have brought into public consciousness the commonplace subject of corporate governance reforms. A separate act and regulations like RERA Act 2016 are required to protect equity capital investors in the stock market.

Ease of doing investment for NRIs: Need for improved compliance, easy tax system in India

The RERA may improve ease of doing business in India. The Act will improve governance, bring more transparency and accountability in realty sector.

Foreign assets or investments: Comply with Indian tax statutes

One must not only declare all foreign assets but also all overseas income, including income from house property

New Indirect Tax Regime: Demerits remain, implementation will hold the key to GST success

Compliance is the biggest concern under GST, its cost may be too high as taxpayers will have to file separate returns for IGST, CGST & SGST

Many a slip

Systemic glitches impede government attempts to rid economy of black money

We are all accountable

Blame the nation as a whole for the poor implementation of demonetisation

A taxman more friendly

Rules should be drafted with clarity to avoid harassment of taxpayers.

For a less taxing regime

Make I-T laws less subjective, fix accountability of officers.