Tax Terrorism Hotline

I would really like local circles start up india community to conduct a poll on whether ministry of commerce/finance should start a tax terrorism hotline for start ups where entrepreneurs who are being subjected to harrassment based on valuation, investment, etc can call and get immediate assistance.

None of the other aspects of start up india matter as much as this. Even petty bribes is less of an issue, all being relative.

Others please give views. more  

View all 10 comments Below 10 comments
But tax terrorism is still a reality. Pls dont ignore facts in favor of zing bang annoncements more  
It would be good for members to share stories they hear about this topic. It will help other startups learn from what is happening today in India and work out a joint strategy. more  
Concern expressed by Shibani is very valid. It needs to be addressed to in a manner which will provide a 'Almost' immediate solution. However, petty bribing also SHOULD NOT be tolerated and allowed. It also needs to be reported. In both the cases, as the old method goes, proof need not be asked. Lifestyle of the person in question should be examined along with a candid enquiry with his / her colleagues and persons / cases dealt with by that person recently, should be examined for deciding whether the person has record of corruption / harassing the public. If proved guilty, the said person should immediately be sent home to find own way to survive. more  
More policing only leads to more crime. Issues should be addressed at core through Imbibing basic human values. System and Transparency in operations. An example, making it mandatory to record every day progress, action, outcome. Preferably electronically so that changing it later is possible only in specific cases with concurrence from appreciate level. more  
this will not make any difference. as per my experience of Gov officials, they will bother only when amounts involved are large. if you have a default of less than 40 - 50 thousand, your case will never be considered, and every body, including your CA, Gov officlals will suggest you either pay up or pay panelty or pay bribe and get away. Gov has very intelligent means to kill startups or small companies, for whom even amounts as small as inr 5000 matters. more  
Post a Comment

Related Posts

    • Is India’s IT sector a ticking time bomb

      IT Index collapsed by 4% yesterday as it continues to struggle From 2 years ago: - Salary Hikes: 15% down to 5% - Revenue Growth: 19% down to 3% - Hiring: Down 60% - ...

      By Sneha Goyal
      /
    • Misuse of new criminal law can cause havoc for business owners/small companies

      New criminal laws come into effect from today. Here is one new law to be concerned about: ‘individuals who engage in sexual relations by deceit, such as false promises of employment or marria...

      By Sudesh Rai
      /
    • Layoffs everywhere

      Layoffs going on in full swing in IT sector! Daily 1-2 news coming in closed circles... crazy consolidation. Worser than 2000, 2002, 2008-2009 and 2015.

      By Vijaya Nair
      /
    • By Ajay Dutta
      /
    • GST number is designed to compromise your details

      Dumbest thing in GST is using PAN as GST number and Mandating displaying GST number in Sign Boards. So that everyone on street knows our PAN. PAN is used as password in income tax docume...

      By Vinay Sen
      /
    • Will many CAs may have to close soon

      Many CA, CS and CMA Professionals have to either change work or close their practice after this attached circular.

      By Ajay Dutta
      /
    • Google is a pathetic company

      Google India hiked the rate of business mail by 350 %. With fear of recession looming and when msme are struggling this is not the right thing to do. It will cost msme sector 5000 crore per year...

      By Vishal Khanna
      /
    • GST filing

      Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...

      By Subramanian Venkataraman
      /
    • Taxation Issues faced by Startups: Inputs Sought

      Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...

      By LocalCircles Manager
      /
    • Why no penalty an dprosecution for govt

      Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...

      By SUBHASH PARAKH
      /
    • Income Tax Return Filing Portal

      What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...

      By Hasmukh Sangani
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)