Business News | Complete Customs Overhaul Will Be Next Major Reform Push: Sitharaman | LatestLY

Contributing sentiments towards policy:

52% : "If I can just go back to the income tax act for a minute.
44% : " Drawing a parallel to past reforms, Sitharaman said that the income-tax system had once suffered from the same problems, where the rates themselves were not the main issue, but the administration was.
44% : The commentary used to be that income tax rates are not the problem.
43% : She recalled how this had even led to the term "tax terrorism," a label she was determined to erase. Significant reforms, such as faceless assessments, had already made income-tax processes cleaner and less intimidating.
39% : Yes, we want lower and lower and lower rates, but it is the tax administration which causes the problem.
28% : It's the tax administration which becomes painful, sometimes agonising and therefore the not so nice coinage resulted in tax terrorism," she added.

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