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Revenue and GST

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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)

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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)

j s rathor 10 years 5 months ago

PLEASE IMPLEMENT SEVENTH PAY COMMISSION SCALES IN NATION SIMULTANEOUSLY IN ENTIRE NATION AT EARLIEST CONVENIENCE IMMEDIATELY, FIX ITS DEADLINE SAY BY MARCH 31ST OR APRIL 30TH, 2016 NOT BEYOND THAT IF GOVERNMENT WANTS TO ATTRACT MORE INVESTMENT IN THEIR TAX SAVING SCHEMES LIKE RAJIV GANDHI EQUITY SAVING SCEME AND NPS. I RE-STATE THAT INVESTMENT LIMITS IN BOTH SCHEME SHOULD BE INCREASED UPTO 5 LACS SEPARATELY AND ALL RESTRICTIONS IN BOTH SCHEMES MUST BE REMOVED, GIVE 100% TAX EXEMPTION IN THEM.

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j s rathor 10 years 5 months ago

THERE IS NO NEED TO PUT CEILING ON INVESTMENT LIMITS LIKE ANNUAL INCOME EXCEEDING 13 LACS AND ONLY 3 TIME PARTICATION FOR NEW INVESTORS IN RAJIV GANDHI EQUITY SAVING SCHEME. PLEASE CONTINUE THIS SCHEME FOR EVERY INVESTOR, WITHOUT ANY RESTRICTION ON NO. OF YEARS HE CAN PARTICIPATE TO GENERATE REVENUE.ALSO INSTEAD OF GIVING 50 % TAX EXEMPTION, GIVE 100% TAX EXEMPTION ON INVESTMENT AMOUNT. FURTHER INVESTMENT AMOUNT SHOULD BE INCREASED UPTO 5 LACS.SIMILARLY INVESTMENT IN NPS SHOULD BE UPTO 5 LACS.

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Kodali Venkatachalam 10 years 5 months ago

Balances in NSS87 may b permitted to be withdrawn without payment of any tax as the depositors lost a lot of int.during the last 30 years because of unilateral reduction of rate to 7% from the contractual 11%.several years back without restoring it even when the rate on bank deposits was hiked upto 10%. It is further an anomaly that TDS is being charged@20% on the withdrawals fromNSS87 whereas only 10% is charged on int on bank deposits.

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Kodali Venkatachalam 10 years 5 months ago

No real estate transaction be permitted with cash. Professional like doctors,lawyers,private educational insts.,retail traders who r not paying any tax or paying nominal tax shd b made to pay reasonable tax by assessing their property w.r.t. property tax,registration value,market value,vehicles held,credit card transactions,sales tax, bank transactions etc.to start with. Tobacco products may b taxed heavily. Senior citizens may get atleast 1% higher int. on bank dep.over card rate.

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vibhu sagar kulshreshtha 10 years 5 months ago

It is very evident that the profound use of cash promotes the nurturing of 'Black Economy'. The use of credit/debit card or any form of electronic transaction, hinders it. Hence, the government should promote relaxation of income tax charge by 1/2% for people making electronic transaction of amounts total let's say Rs. 50,000/60,000 per year(cumulative). Kindly, look into the matter and provide provisions for the same in the next budget year.

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Kishor Kansagra 10 years 5 months ago

India is unique in terms of head count, variety, geography. Obviously, no law can be made universally applicable and defect free from day one. An Independent Institutionalized mechanism is required for framing of law, implementation, stabilization and grievance redressal with involvement of experts of language, law, subject, technology and administration. Current regulatory framework is in mess.Lots of Illogical, irrational fallout of ill-conceived provisions compels unintended violations.

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MANOJ NAIR 10 years 5 months ago

launch "ALL INDIA TAX PAYERS LOTTERY SYSTEM" every year from those people who file returns.about 50 people will be selected from 10% slab, 25 people from 20% slab and 20 people from 30% slab will be drawn out in a lottery based on PAN number / IT return ack number, conducted centrally by IT dept. winners will get tax free cash refunds of a)10% slab-1 lakh, b) 20%slab - 2 lakh and c) 30% slab -3 lakhs. total exp for govt will be about 1.6 crore. this will make filing returns exciting n helpful.

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MANOJ NAIR 10 years 5 months ago

Reduce tax burden on the salaried class who earn fully white money, pay taxes on time,dont hide incomes,pay professional tax, tax on employment,all indirect taxes etc. let there be no income tax for salary income upto 3lakhs.or bring back sal exemption of atleast 2 lakh. LAUNCH A SCHEME NAMED "PROUD TO BE TAX PAYER", certificates and ids cards & stickers issued by IT dept to income tax payers.may be a lottery to pick winners amongst IT payers in diff slabs winner getting cash awards.

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Ashwin Subrahmanya 10 years 5 months ago

I have lived in the US for many years. I think US Govt is very creative and effective in drawing TAX $ for development. One of the ways they do that is by a government run lottery system where about 60% of the money that is spent on the lottery tickets goes into government programs like Education etc, and rest of the money is pooled and the prize goes to winners of the lottery. Look UP powerball lottery system. They collect money in billions of $ via this.

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Karthik Manokaran 10 years 5 months ago

Presently the investment under 80c is limited to 1.5 lakh , irrespective of the income band a person falls under. Creating slab under 80c with respect to income slab can help encourage people with higher income to invest in government bonds and equity . The locking period can also be linked to income slab if necessary . This will prevent high income people to invest in Indian firms with returns rather than evasion .

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