Taxing targets

Unreasonable I-T demands affect investment climate

It has now become a regular feature of India’s fiscal management. First, the government sets an overly ambitious target for revenue mobilisation, and when the figure falls desperately short, the taxman comes knocking. While on the stump for the 2014 elections, the Bharatiya Janata Party attacked the ruling regime for unleashing “tax terrorism”, which, it argued, not only created anxiety among the business class and affected the investment climate, but also dented the image of the country. But six years later, the tradition continues.

According to a report in this newspaper, the tax department is sending notices to directors of private