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Einblicke in das neue Kombibad

Einblicke in das neue Kombibad
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India Budget 2021: Why the country is in dire need of tax reforms

India Budget 2021: Why the country is in dire need of tax reforms
Dhirendra Tripathi/Delhi
Filed on January 31, 2021
Tax compliance in India has always been abysmal. However, the Modi administration is trying to make the framework simpler and people-friendly, amid the challenges of Covid-19.
Amongst the biggest challenges any Indian finance minister faces is how to mop up more revenue to fund the government expenditure on defence, social welfare, and health. It’s a country where interpretation of tax can be arbitrary and revenue leakages are high. For the current incumbent, Nirmala Sitharaman, the task will be even more onerous when she gets up to present the budget for the next financial year, which begins on April 1 and ends on March 31, amid the raging coronavirus outbreak that has singed growth and drastically whittled down revenue. ....

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