Articles by CA Anil Garg

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Any Abnormality in Only 1.25 cr Indians paying Income Tax?

  CA Anil Garg    29 June 2016 at 10:52

The data recently released by the government stating that only 1.25 cr Indian (individuals) pay income tax, that is, only 1%. It seems obvious to conclude that ..

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Posted in Taxpayers  12 comments |   12456 Views

Building India - A shared responsibility

  CA Anil Garg    08 March 2016 at 11:08

In plain terms, I wish to state that India cannot and will not be built with tweaking something here and something there. Average per capita income of the world is $10,000 whereas that in India it is around $1600. The size of the world economy is $70

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Posted in Others  2 comments |   6084 Views

Why is RBI governor begging when he could dictate?

  CA Anil Garg    06 August 2015 at 15:36

For quite some time now, RBI Governor has been openly cribbing about commercial banks not passing on the benefits of interest rate cuts announced by him, to their customers. Only yesterday (4-8-15), he mentioned that average rate cuts passed on by co

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Posted in Others  2 comments |   5883 Views

Right to litigate must be replaced with right to justice

  CA Anil Garg    24 July 2015 at 10:55

Our legal system is one of the most inefficient in the world is not a secret, with bottom ranking on contract enforceability in ease of doing business index. Even CJIs have been record predicting complete breakdown of our legal system since time imme

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Posted in LAW  2 comments |   9075 Views

ICAI must oppose GST in present form

  CA Anil Garg    10 July 2015 at 10:50

Goods and Services Tax (GST) being implemented, is held out to be the biggest tax reform in India since independence. As an entrepreneur, I find it a complete farce and colossal waste of opportunity while still incurring huge cost of implementation t

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Posted in GST  5 comments |   22659 Views

Reasons why our court take decades to decide cases

  CA Anil Garg    20 April 2015 at 10:28

It is nearly impossible not to be experienced as a litigant if you are businessman in India for some time. In fact, chances are that in the very first year of operation, you will start having appeals with sales tax and excise authorities which will e

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Posted in Others  4 comments |   8505 Views

We can't be serious about ease of doing business in India

  CA Anil Garg    23 March 2015 at 10:37

World Bank has been reporting its Ease-Of-Doing-Business rankings for a long time showing India in a dismal light, even in comparison with its immediate neighbours or even with South East Asia averages. The fact that South East Asia itself is no big

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Posted in Others  4 comments |   9576 Views

Where is my fundamental right to stupidity?

  CA Anil Garg    12 March 2015 at 12:21

अब जबकि देश उपलब्धियों के दौर से गुज़र रहा है, it is high time de facto is recognized as de jure. After all, civilization and values have not come from God that they cannot be changed, but they have evolved over period of time, and keep changing. Ther

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Posted in Others  9 comments |   17415 Views

Abolish Departmental Appeals & SDMs

  CA Anil Garg    16 December 2014 at 10:57

Almost all tax statutes provide for first appeal against any tax demand or assessment order, to an officer of the same department, assigned the role of an appellate authority who is supposed to be a quasi-judicial authority, in the sense that despite

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Posted in Others |   3780 Views

If I were the Finance Minister of India

  CA Anil Garg    25 July 2014 at 12:37

People of India were hugely disappointed with lackluster performance of Man Mohan Singh. Narendra Modi rode to power with absolute majority for the sole reason that promises were made by him and on his behalf that he will fix the economy and deliver

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Posted in Others  13 comments |   16719 Views

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