- Kautilya Chanakya developed a most comprehensive and successful taxation system almost two thousand years ago: CCIT
- “Kosha Moolo Danda”, Chanakya wrote in first chapter of his book ‘Arthashastra’, this means ‘revenue is the backbone of administration
GOWRI MANICKAVASAGAM
AHMEDABAD, JULY 13
Chief Commissioner of Income Tax (TDS) Ahmedabad Dr Banwari Lal inaugurated the two-day “Tax Clinic” organized for taxpayers by the Direct Taxes Committee of ICAI at Ahmedabad Branch of WIRC of ICAI at ‘ICAI Bhawan,’ 123, Sardar Patel Colony, near Usmanpura Bridge, Naranpura, Ahmedabad on Thursday.
Lauding the ICAI for organizing this event for the first time, Dr Banwari Lal, said, “Kautilya Chanakya developed a most comprehensive and successful taxation system almost two thousand years ago. The basic principle of Chanakya’s taxation doctrine was that the purpose of taxation must be to strengthen government to ensure public welfare and national development. Chanakya believed that the state must promote the economic welfare and fully regulate economic activities. “Kosha Moolo Danda”, Chanakya wrote in first chapter of Arthashastra; this means ‘revenue is the backbone of administration’. This verse in the Devanagari script is part of the official logo of the income tax department of India.”
“The government undertakes various welfare activities like defence, health, education, infrastructure development et al from the tax-payers money. By encouraging and helping the tax-payers to comply with the taxation regime, the ICAI has been working in tandem with the government. Thus tax-payers’ contribution in nation-building is appreciable. With the advent of digitization, the taxation system has been made very easy and user-friendly,” Dr Banwari Lal added.
In her welcome address, CA (Dr) Anjali Choksi, Chairperson, Ahmedabad Branch of WIRC of ICAI, said, “We are holding this ‘Tax Clinic’ for the first time. in the Tax Clinic programme, income tax experts will guide income tax payers, income tax return awareness, income tax rules and return related problems will be given counseling. The main objective of this program is to promote tax compliance among general public, assist taxpayers in e-filing of returns. People must consider paying tax as it will help them to run the business with ease. Free consultation is being provided to the income tax payers by a three-member expert panel. This will continue tomorrow also from 11 am to 5 pm.”
Day one of the ‘Tax Clinic’ was attended by more than 200 participants. Total 70 queries were resolved on the first day, including how to claim refund of deceased family members, mismatch in TIS and Shares transactions etc. It proved to be valuable opportunity for the public at a large. Common tax payers participated in the program enthusiastically.
Public are requested to take advantage of this and get their queries resolved by expert Chartered Accountants.
The program was conducted by vice president CA Sunil Sanghvi and the vote of thanks was given by Secretary CA Abhinav Malaviya. Past chairperson CA Bishan Shah and other ofiice-bearers were also present.
