Taxation Or Extortion
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Its quite evident that the image of the nation is getting distorted views and great mighty people that runs and operates the capital markets are in an unprecedented exuberance while the extortion under the guise of investigation By Income Tax Department is continuing.
Way Forward - Fix accountability
Demands created must sustain 100% or otherwise, the officer concerned must pay and victim must be compensated in order to contain motivated corruption and unaccountability prevailing in the system. In case of the demands are sustained in total, the official must be suitably rewarded.
The general observation is that whatever the laws may be framed by the Govt., the problems arises at the execution level where due to the personal needs/greed, the motivated corruption takes places and it needs to be checked immediately in order to bring the national development.
If erring officials are to be punished as per your promises Sir PM, to save the trade and industry, the corrective steps must be taken NOW. At the same time, the honest officials must be rewarded. Stick and Carrot always works but this formula is being used on pick and choose basis instead of being used uniformly – One Nation One Law.
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