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Report No. 29

Appendix 14

Summary of The Points Made in "Indian Tax Reform" by Mr. Kaldor, Department of Economic Affairs, Ministry of Finance, Government of India (1956)

One of the problems dealt with in the Report of Mr. Kaldor was the problem of tax evasion. The matter was dealt with at pages 103 to 115 of his Report. The possible remedies, considered by him are summarised below:-

(i) his proposals or resubmission of a single personal tax, with a number of different taxes which were bound to reduce the "incentive to evade".

(Page 106, para. 189 of the Report).

(ii) Proposal for the submission of a comprehensive return concerning the personal income of each tax-payer and the introduction of a reporting system on all capital transactions by means of tax vouchers.

(Page 109, para. 194 of the Report).

(iii) Compulsory auditing of accounts of tax-payers whose income exceeds a certain minimum.

(Page 107, para. 197 of the Report).

(iv) Status and obligations of auditors.

Page 111, para. 198 of the Report).

Mr. Kaldor's Report

(v) Scrutiny of accounts by the Department.

(Page 112, para, 201 of the Report).

(vi) Prevention through deterrents.

(Page 113, para. 202 of the Report).

(vii) Improvement of standards of administration in the Department.

(Page 114, para. 205 of the Report).

(viii) Gold hoarding and taxation.

(Pages 115 to 120, paragraphs 206 to 218 of the Report).

Proposal to include certain Social and Economic Offences in the Indian Penal Code Back

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