Articles by CA Anil Garg

Any Abnormality in Only 1.25 cr Indians paying Income Tax?

Posted by CA Anil Garg 26 December 2016 12821 Views

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 ...

Building India - A shared responsibility

Posted by CA Anil Garg 08 March 2016 6215 Views

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

Why is RBI governor begging when he could dictate?

Posted by CA Anil Garg 06 August 2015 6044 Views

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

Right to litigate must be replaced with right to justice

Posted by CA Anil Garg 24 July 2015 9230 Views

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

ICAI must oppose GST in present form

Posted by CA Anil Garg 10 July 2015 22811 Views

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

Reasons why our court take decades to decide cases

Posted by CA Anil Garg 20 April 2015 8683 Views

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

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

Posted by CA Anil Garg 23 March 2015 9737 Views

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

Where is my fundamental right to stupidity?

Posted by CA Anil Garg 12 March 2015 17515 Views

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

Abolish Departmental Appeals & SDMs

Posted by CA Anil Garg 16 December 2014 3934 Views

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

If I were the Finance Minister of India

Posted by CA Anil Garg 25 July 2014 16982 Views

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