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Inviting innovative ideas and suggestions on tax policy and administration

Inviting innovative ideas and suggestions on tax policy and administration
Start Date :
Sep 18, 2015
Last Date :
Mar 01, 2016
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

One of the key priorities of the Government is to provide a non-adversarial and a responsive tax administration with the main objective of creating an environment conducive for ...

One of the key priorities of the Government is to provide a non-adversarial and a responsive tax administration with the main objective of creating an environment conducive for achieving higher investments and growth. At the same time the focus is also on ensuring ease of doing business for the taxpayers. For individual taxpayers, Government endeavours to promote voluntary compliance by making compliance easy and reducing the cost of compliance for the taxpayers. These steps are aimed to ultimately result in buoyant revenue collections, reflecting higher growth, leading to higher standard of living and better quality of life for the citizens.

The Department of Revenue invites taxpayers and general public to provide innovative ideas and suggestions on tax policy and administrative issues with the objective of ease of doing business and reducing compliance cost for industries thereby facilitating buoyancy of revenue and increase in investment leading to higher growth.

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Showing 1495 Submission(s)
Jishnu Aravindakshan
Jishnu Aravindakshan 10 years 10 months ago
Taxation should be done only at the income (direct) stage or spending (indirect) stage. Indirect stage is a better option but is not progressive taxation like in case of direct tax. To make indirect tax progressive the taxation shall be made based on the amount of spending and place of spending. Let me define taxation as below: Spending below 1000 per transaction Rs 0/- 1000- 10000 10%, 10,000-1,00,000 15%; 1,00,000 and above 20%; For services: AC outlet 15% for non-ac outlet 0%;
juber
juber 10 years 10 months ago
tax chori rokane ke liye kade kanun babana chahiye . bahot sare company mai tax chori ho rahi hai. contract base ke worker ki salary bank a/c me jama karane ka kanun babana chahiye.
Rahul Sathe
Rahul Sathe 10 years 10 months ago
In the current setup we have so many agencies CAG, EOW, SFIO, CBI,ED, ACB etc etc ( there maybe many more ) why do we need multiple agencies ? These should be rationalised with clear jurisdictions, responsibilities and authorities. eg if CAG carries an audit then it should take it to its logical end and not just suggest "that a detailed investigation to be done ".It doesn't serve any purpose. Then why waste resources and efforts on CAG.
Padmakumar Subramani
Padmakumar Subramani 10 years 10 months ago
Income Tax to be focussed on providing a catalyst to long term growth , innovation and healthy living of the citizens. The industry would start to benefit from the changes automatically. Areas such as education, safety, health are some of the key areas. one example, teachers(CRPF,soldiers etc.,) should be provided with hardship allowance which consists of 3 components (distance from home town + distance from nearest town + altitude where they are serving) and this component should be tax free.
Rahul Sathe
Rahul Sathe 10 years 10 months ago
Central Govt should initiate a special drive to take REAL stock of the land bank under its possession. Different ministries like Defence, Railways,Telecom, etc are sitting on huge land bank. As a first step : they should work with State govt, local municipalities to establish clear title. Take possession of their property and then initiate actions for either appropriate usage or disposal. Laws - especially related to defence and railways land are so outdated - need to be scrapped or updated.
Rahul Sathe
Rahul Sathe 10 years 10 months ago
ITax for salaried persons to be simplified by doing away with outdated exemptions like LTA, HRA, Conveyance allowance and such items. More effort is wasted in compliance than the actual benefit. ITax rate can be suitably adjusted to ensure that it is revenue neutral. Simple yet extremely effective. Similar intent has been shown for corporate taxes but not yet seen ANY ACTION in that direction. Only rhetoric.
Harpal Singh Sidhu
Harpal Singh Sidhu 10 years 10 months ago
For long term capital gains on debt MF,increasing limit to 3 years was a slap on financial literate persons.please reduce it to 2 years at least in next budget.MORE so as we are entering low interest rates..
Bala S
Bala S 10 years 10 months ago
Tax breaks for senior citizens are a always welcome move, however it needs to be found out how many senior citizens are actually reaching the taxable level.In the coming budget FM can propose measure to increase earning potential of senior citizens
Naga P
Naga P 10 years 10 months ago
Start at the individual level and make life easy for individual to live. Then automatically doing business will become easy. For a simple thing like vehicle registration, we have to stand in queue for hours and make several visits to the RTO office. Even senior citizens are made to visit multiple visits to government offices. Outsource all government work to private companies, and define clear cut deadlines for each task.As long as government attitude to people does not change, nothing changes.
Naga P
Naga P 10 years 10 months ago
Please remove income tax for employees. If not possible, atleast please make it simple and flat rate according to income slab. Remove the ridiculous and complex tax concessions. Why do I need to show proof of house rent? Do you think people reside on roads like beggars? What about Rs.800 for conveyance. Can you commute with that amount in any city? Please do not put tax on anyone earning below 10 lacs per annum.