Tax panel: Set up advisory cell to help semi-skilled entrepreneurs

The ITAT member said small businesses with innovative ideas, who are agents of economic change in India, need special treatment

An income tax tribunal has come out with rare suggestions to the government to help new semi-skilled entrepreneurs become tax compliant, instead of forcing them to vanish in silent death because of the maze of procedural hassles. 

A single-member income-tax appellate tribunal (ITAT), Chandigarh said, “These businesses whether engaged in a tailoring activity or boutique owner; restaurateur, dhaba/caterers food outlet; tiffin packer, florist, innovator, etc to my mind should be given a special velvet gloved treatment and encouraged to succeed.”

Tribunal judicial member Diva Singh said it is only these entrepreneurial fresh ventures appropriately nurtured within the framework of the taxation system