Faceless assessment of income tax may face these 10 major roadblocks ahead
Income Tax Return of AY 1971-72 finally closed after Supreme Court says assessment was correct
August 31, 2020GST Council extending cess levy beyond 5 years would worry business: Experts
August 31, 2020
Divakar Vijayasarathy
“True liberty flourishes when Governments are transparent”. India has always been criticized for bureaucratic opacity and ambiguous fiscal regulations which leaves too much room for subjectivity and bias. However, as much as minimizing regulations is important, simplifying the enforcement process and making bureaucracy accountable is equally relevant if not more. India has been gradually moving up the ladder in the ease of doing business index from 134 in 2013 to 63 in 2020 thanks predominantly to a spate of e-governance initiatives including SPICe for company incorporation, electronic MOA and AOA, single platform for reporting under FEMA, Online IEC application for cross border trade, computerization of Government departments and several other state reforms.