What is the meaning of kosh mulo Dand?

The phrase “Kosh Mulo Dandah” when correctly translated, means “Treasury is the backbone of administration” – there is no concept of punishment in the tagline used by the Income Tax Department.

What is the motto of Income tax department?

Kosha Moolo Dandah
“Kosha Moolo Dandah” (“Treasury is the root of administration”) coined by Kautilya is the motto of the Income Tax Department of India.

What is proud filer badge income tax?

A few months ago, the Central Government of India has launched a campaign called ‘Honoring the Honest’, sending badges of recognition to regular and truthful tax filers. We wear this badge with pride and hope we serve as an inspiration for other tax payers to also file their income tax return in time and correctly!

What does income tax department do?

Main responsibility of IT Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for Government of India. It also enforces other economic laws like the Benami Transactions (Prohibition) Act, 1988 and the Black Money Act, 2015.

Who is responsible for income tax?

Congress has delegated to the IRS the responsibility of administering the tax laws known as the Internal Revenue Code (the Code) and found in Title 26 of the United States Code. Congress enacts these tax laws, and the IRS enforces them.

How does Income Tax Department work?

There are two main routes to become an Income Tax Officer in India, i.e. SSC CGL exam or UPSC exam. SSC CGL exam is the main recruitment exam for Grade C and B inspectors for the Department of Income Tax which comes under the central government.

What happens when your tax preparer makes a mistake?

If the error seems to be the result of an honest mistake, you can ask your preparer to take the necessary corrective steps, including filing an amended return. When the mistake results in fees or penalties, the service provider will often compensate the customer directly in order to smooth things over.

Who invented tax?

The first elements of income tax can be found during the eras of the Egyptians and Antiquity in Rome. The Romans introduced public taxes comprising of modest assessments on owned wealth. The more money someone had in their property, the more money they paid.

What is the meaning of Kosh MULO dandah in income tax?

‘Kosh Mulo Dandah’ means ‘revenue is the source/root of Rule.’ ‘ Dandah’ here means Rule and not punishment. It is perfect line for Income Tax Department. Firstly it is from first tax treatise from ancient india and secondly it is truth.

What is the meaning of KOSHA moolo dandah?

Kosha Moolo Dandah means to me Treasury/Finance (kosha) is the root (moolo) of the government (state/administration) – if there is no finance it would not be possible for the government to manage any of its other prakritis from rakshan (defence) to kalyan (welfare).

Does the slogan “punish the assessees” mean that the Assessees are being punished?

So in my view a limited approach of studying the meaning of words independently may not indicate correct meaning and the slogan would not mean that the assessees or for that matter the subjects of this country are being “punished” in the form of tax.