The ABC of taxation
The principles and concepts of the complex Indian tax system may not be elusive to the common man any more.
Finance Minister P Chidambaram on Monday unveiled a book on taxation titled Escaping the Minotaur's Labyrinth: The Principles of Taxation.
The book was unveiled at the India Habitat Centre in New Delhi in the presence of Dr Justice Arijit Pasayat, Judge, Supreme Court of India, and Dr Abhishek Manu Singhvi, Senior Advocate, Supreme Court, among other dignitaries.
Authored by Dr V Gaurishanker, the former secretary to the Central Board of Revenue and secretary to the Income Tax Investigation Commission, the book deals with the basic principles of taxation and addresses its underlying concepts with a view to dispel the fog that leads most legal professionals to regard tax law as an exclusive domain reserved for a few specialists.
"This book is a great step towards making the Indian tax system more comprehensible and will be of great assistance to the common people," the finance minister said. "Dr V Gaurishanker's contribution to India's tax system is worth appreciation," he added.
Priced at Rs 495, the book is available at all leading stores in the city.
Published by CCH India, who are the leading publishers in fields of tax, law, accounting, etc, the book aims to make a foothold in the Indian tax, accounting and legal information services market by targeting lawyers and chartered accountants.
About the author
Dr V Gaurishanker (1921-2006) was born in Vellore where he completed his schooling before graduating in Economics (Hons) from the University of Madras.
In 1948, he joined the Indian Revenue Service where he held the positions of Secretary to the Central Board of Revenue, Secretary of the Income Tax Investigation Commission, and Secretary of the Direct Taxes Reforms Commission.
He was closely associated with, and made major contributions to, the drafting of the Income-tax Act, 1961. He was transferred to the Indian Audit & Accounts Service where he established the Department of Revenue Audit (Union and States).
He was member of the Venkatappiah Committee on Central Excise Reforms, member-secretary of the Commission of Public Expenditure, and worked in the Economic Administration Reforms Commission, headed by the late Shri LK Jha, which made far-reaching recommendations for bringing about fiscal and economic reforms.
The author, Dr V Gaurishanker, was a multi-faceted personality and was one of the founders of Shanmughananda Sangeetha Sabha, New Delhi, which promotes classical Indian dance and music.
He was also one of the founders of Adi Sankara Advaita Research Centre, Chennai, which was established for the promotion of Vedic Studies.