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More »Perceptions of tax compliance in India
06/11/2017
[Co-authored with R. Kavita Rao]
Tax compliance, i.e. filing of return and the declaration of income for tax, is the outcome of complex interactions between the measures adopted by the income tax department and the inherent beliefs of the taxpayers. Focussing on the latter, in …
Grey market for IPOs: A case for regulation?
02/06/2017
As SEBI cracks down on the business of P-Notes and the tax department follows up on the use of cash for generating unaccounted incomes, it comes as a surprise that the grey market for shares thrives unfettered. It is fairly common for major newspapers to quote the premium …
“Shell”tering money
10/02/2017
The versatile shell companies serve not just as vehicles for corporate tax dodging but have also been used by the rich to get around paying hefty alimony payments. The existence of shell companies is not recent and its rather innocuous beginnings can be traced back to 1960s when Walt …
The myth of black
28/11/2016
Black economy draws the ire of common man and policy makers. In the 2014 elections, the proposal to tackle black money gained currency. More than two years passed and the common man was left wondering if any measure will really be taken in this direction. On 8th November, 2016, …