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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)
EKANSH PANDEY
EKANSH PANDEY 10 years 6 months ago
E payment and plastic money should be motivated as to avoid black money generation and then people will not be able to hide their income and less cases will be selected in scrutiny. Many Indirect taxes should be stopped and only one indirect tax should be levied with easy procedure. Many tax authorities like income tax dept., sales tax dept., customs should be synked so that info will be centralized. Banks and CIBIL will also be synked to reduce tax evasion and easy filing.
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Dhruvit Talati
Dhruvit Talati 10 years 6 months ago
According to US , I would suggest to get the "tax" should be "Federal" and "State" only. "Payroll" only generated payroll agencies and completely "ACH" direct deposits to Bank Accounts and Salary comes with deductible tax. So, People already paid tax in advance. All investment which create jobs must be tax free Crowdfunding , VC , Trading must be tax free which create more opportunities to grow people
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Ashish Gadewar
Ashish Gadewar 10 years 6 months ago
Implement "Arthakranti" proposal : www.arthakranti.org 1. Complete withdrawal of High Denomination Currency (Rs 500/- and Rs 1000/-). All illegal activities will stop automatically, as no high value notes are not available. 2. Withdrawal of existing Taxation System Completely (except Customs/Import Duties) 3. The only tax to be added is Bank Tansaction Tax[BTT], say 2 % of the money credited to the account. With 2% BTT, tax collection to govt will be more than current collection.
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Saurabh Goel_5
Saurabh Goel_5 10 years 6 months ago
All Tax payments should be made online/ realtime - A little far fetched, but possible. This means that for every transaction, the corresponding tax payment/ collection should be done in real time. No returns would be required. No dependence on periodic payments, filing of returns. It will require unfailable infrastructure - should be possible in all urban/ sub urban areas.
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Rasesh Thakar
Rasesh Thakar 10 years 6 months ago
There are multiple forms of Taxes that we are paying now. Scrap all except Customs Duties. And form a simple Single Tax Slab. i.e. if one is earning in a bracket of X-to-Y Rupees then pay flat "Z" amount of tax. The Govt. should then internally divide this "Z" amount amongst the Central Govt., State Govt. and Local Bodies or any other relevant stakeholders. #TaxPolicy, #DepartmentofRevenue, #TaxAdministration, #MyGov
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Saurabh Goel_5
Saurabh Goel_5 10 years 6 months ago
I suggest that personal income tax (other than Capital Gains) should be completely abolished. It should be compensated by increasing taxes on goods and services by a marginal rate. For capital gains, the amount of gain (both short and long term) should be compulsorily be invested in Govt Securities which provide nominal return for a period of 3 years. Further, the physical currency float should be reduced by providing incentives for using banking - particularly for un-organized sector
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SHRIKANT JAIPRAKASH PATIL
SHRIKANT JAIPRAKASH PATIL 10 years 6 months ago
Few suggestions ... 1. All schools, colleges, university, and all government offices should only accept soft payment(on-line/card/cheque/plastic payment) and should be made mandatory. 2. AADHAR CARD SHOULD BE LINKED WITH PAN CARD, PASSPORT, RATION CARD AND DRIVING LICENCES SO AS TO AVOID DUPLICATION OF KYC DOCUMENTS. 3. ALL RAILWAY COUNTER SHOULD HAVE POS MACHINES SO AS TO AVOID BULK CASH HANDLING & THIS PAYMENT AND THIS PAYMENT SHOULD BE MAKE ATTRACTIVE BY OFFERS LIKE CASHBACK OR DISCOUNT.
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