Business Standard

Monday, December 23, 2024 | 02:46 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tax reassessment past deadline is a symptom

'Over the years this government, obsessed with alliterative dazzle, has talked about transparent taxation and honouring the honest', says the author

income tax, I-T dept, ITR filing
Premium

Debashis Basu
Every few days the state comes across as a vile bully in a schoolyard who takes pleasure in taking apart other helpless kids. You never know who is next; the state’s moves are arbitrary. But one department that is relentless in inventing new ways of harassment is the revenue department. Since early April, the income tax department has been sending out notices, seeking to reassess income tax liability for financial years 2013-14, 2014-15, and 2015-16. The department has decided that despite draconian measures such as disclosures, linking accounts and assets, smarter use of data analytics, widespread scrutiny, some are apparently
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in