1 week ago
Karnataka CM Seeks Chartered Accountants’ Help To Raise Revenue
Karnataka’s Chief Minister D.K. Shivakumar asked chartered accountants for ideas to improve the state’s finances.
He wants the government to collect more money without making business harder.
He also wants to stop money from being lost through weaknesses in the system.
Shivakumar said honest taxpayers should not be troubled by officials.
He asked chartered accountants to help companies use their CSR money wisely.
He suggested that more CSR funding should support primary schools in rural areas.
The Institute of Chartered Accountants of India also asked the government for land.
Shivakumar said he would look into that request and work more closely with the group.
Chief Minister D.K. Shivakumar asked chartered accountants to advise Karnataka on raising revenue and preventing financial leakages.
He said the government was open to suggestions for correcting administrative shortcomings and strengthening public finances.
Shivakumar criticized the alleged harassment of honest taxpayers while tax evaders sometimes avoid scrutiny.
He urged chartered accountants to help companies direct Corporate Social Responsibility funds toward rural primary education.
The Chief Minister also said he would examine ICAI’s request for land and called for closer cooperation with the professional community.
- Who
- Karnataka Chief Minister D.K. Shivakumar and members of the Institute of Chartered Accountants of India.
- What
- Shivakumar asked chartered accountants to advise the government on increasing revenue, preventing financial leakages, improving tax administration and directing CSR funds toward rural education.
- Where
- A dialogue conference at Palace Grounds in Bengaluru, Karnataka.
- When
- Friday; the articles do not provide a calendar date.
- Why
- To strengthen Karnataka’s finances and economy while improving revenue collection, preventing resource leakages and supporting rural primary education.
Key facts
- Chief Minister
- D.K. Shivakumar
- State
- Karnataka
- Professional body
- Institute of Chartered Accountants of India (ICAI)
- Main request
- Advice on increasing revenue and plugging financial leakages
- Tax administration concern
- Shivakumar said honest taxpayers can face harassment while tax evaders may avoid scrutiny
- CSR priority
- Greater focus on primary education in rural areas
- Additional request
- ICAI representatives sought land for the organisation
Quotes
DK Shivakumar
Chief Minister of Karnataka
“Honest taxpayers are sometimes subjected to mental harassment by officials, while those who actually evade taxes are not questioned. Karnataka is more disciplined compared to several other states, with a large proportion of transactions taking place through formal channels.”
thehansindia.com
“Our government is an open book. We are open to new ideas and solutions. Give us suggestions to correct our mistakes and prevent leakage of resources. You are the custodians of trust, and that trust is in your blood. Protect it.”
thehansindia.com
Sources
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