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Demonetization Improved Tax Compliance: Economic Advisory Council
September 19, 2018
Shamika Ravi, a member of the Economic Advisory Council to the Prime Minister (EAC-PM) said that the note-ban has improved tax compliance in India. However, she added that the process itself could have been handled better and that there is a need for more tax rationalization that can help reduce the compliance burden.
Ravi said that tax rationalization must be brought especially for the real estate sector. When asked about the subpar performance of the Indian Rupee in the international markets, she said that it should not be seen as the failing power of the country.
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