Indian businessmen willing to pay higher taxes if Income Tax removes ambiguity

Most Indian businessmen don’t mind paying more taxes only if the Income Tax department can remove the ambiguity on taxation.

tax consultants in india
More than 90 per cent of Indian businessmen are willing to pay more taxes only if the Income Tax department gives some clarity on taxation, said an international business report by Grant Thornton.

“Understandably companies are eager to get clarity on taxes as the price of being slammed with unanticipated tax claims is not just the tax amount but the time, money and energy spent in defending such claims. Given the media attention tax cases garner these days, Apple, Google and Starbucks are classic examples and closer home Vodafone and Shell, being in the public eye, for all the wrong reasons doesn’t do businesses any good either,” said Pallavi Bakhru, Director, Grant Thornton Advisory Private Limited.

India ranked 1st amongst nations appealing for clarity on ‘acceptable’ tax planning with 95 per cent of Indian businesses willing to pay more taxes in exchange for greater clarity from authorities on what is acceptable, the report added.

The report added that the last majority would actually support paying more in tax in exchange for clearer guidance from tax authorities on what is acceptable tax planning. The ball is very firmly in their court to provide the clear lines that businesses

Ruchi Anand and Associates is a blend of top chartered accountants in India having vast experience in different fields.RAAAS is located at New Delhi.They can advise you on your financial situation. In order to get maximum deductions and refund, our team of experts understand your financial situation and help you get maximum savings in filing tax returns. Filing ITR is a complex task but RAAAS can get you maximum savings while you can focus on your business.

RAAAS provides services like

  • Audit Service in India
  • Tax Consultant in India
  • Formation of Business organizations in India
  • Outsourcing
  • Auditing
  • Reporting
  • Taxation
  • Special Areas

Read more at:


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s