Opinion | Adequate data can help improve our tax systems
PAN and passport link will provide taxman details of suspicious travel patterns
The government is seeking more disclosures in citizen’s personal and professional filing instruments like income tax and GST returns and capital gains statements among a host of others. A recent move seeking the provision of passport details in ITR-1 forms while filing tax returns has attracted dissent on citizen’s right to privacy. Developed countries like the US effectively compile economic interests of its citizens living abroad and ensure compliance to American laws. India is struggling to even connect the Indian economic interests outside India to resident Indians. The state remains under tremendous pressure to simplify the existing GST systems, capital gains laws and personal taxation systems. While upholding citizens’ rights, ensuring to fulfil their responsibility has been the central problem.