One nation, one KYC: Sebi shows the way
KYC prevents fraud and keeps money trails traceable, but poor implementation turns it into a hassle. India has the digital tools—what’s needed is portability, verification, and strict enforcement.
KYC prevents fraud and keeps money trails traceable, but poor implementation turns it into a hassle. India has the digital tools—what’s needed is portability, verification, and strict enforcement.
The digital tax era promised simplicity, but ended up doubling the burden. Joint holders—added for ease—now face notices, penalties, and faceless assessments. India needs a statutory Taxpayer Rights Ombudsman, like the US, to protect honest taxpayers from systemic flaws.