Guaranteed loans have multiplier effects

The Covid19 pandemic has devastated many sectors in India leading to significant loss of livelihood.Salaried people have lost their jobs and the self employed have been forced to shut down.Among other things, the government has announced a guarantee package of ₹ 3 trillion for medium and small enterprises (MSME). The government will stand guarantee for[…..]

Taxpayers’ charter: Expect more fairness

The tax charter has been issued under the newly minted Section 119A of I-T Act. It is no longer an unenforceable administrative promise made by CBDT more as a public-relations exercise. The faceless assessment scheme (and electronic appeal process) for direct taxes and the taxpayers’ charter were unrolled with much fanfare on the eve of Independence Day.[…..]