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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)
sandeep more
sandeep more 10 years 7 months ago
Simple income tax recovery formula (1% tax formula) After one time GST (1)1% tax on every bank interest , salary , selling material cost of manufacturer ,service & labour work (2)0.5% tax on lending cost of businessman (3)if a person pay 10000 tax so his purchase capacity =10000x50=500000 (if a person buy a car which value is 800000 so he will pay more 5%tax on 300000Rs) &for businessman purchase capacity is=10000x20=200000(4)for black money recovery take 5% tax & make white money
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RAJEEV SHARMA_48
RAJEEV SHARMA_48 10 years 7 months ago
Honorable PM, FM and dear officers, My suggestion is about bills need to be submitted (Medical, Telephone, Notebook or News Paper, LTA) to save tax. Can’t it be like if individual submit bills for saving tax he would get tax relief against submitted bills. Rest who really not have bills will be paid after flat 2% of tax deduction. Reason to put it: Most of who pay tax and really do not have real bills, get fabricated bill prepared by paying 2% or 3% or 4% money and claim. #TaxPolicy
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Comments (1)
MANOJ CHOPRA
MANOJ CHOPRA 10 years 7 months ago
As per CBDT there are certain reimbursements deductions like medical, HRA, telephone, vehicle running, driver expenses... Which are just enhancing corruption in offices. Why these should be there?
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SRI KRISHNA
SRI KRISHNA 10 years 7 months ago
CBDT has retained outdated mandatory tax audit clause U/s 44AB of Income-Tax Act for Non-Corporate assesses since almost three decades, that too in this computer era, without evaluating its utility & also not providing the ways or mechanism to search out empty slots of CA Signature to assesses/Non-CA Tax Professionals, which is causing strict hurdle for giving voluntary compliance. DIT(Systems) have not captured Section Wise Wrong Claims in Tax Audit Report furnished by CAs (See Attachment)
mygov_144877154033322.pdf
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MANDEEP SINGH
MANDEEP SINGH 10 years 7 months ago
In proposed GST one new CA’s certificate IN FORM NO. GSTR-8 added to the previous 46 plus CA’s certificates in Income Tax Act 1961. Which are totally failed to generate any additional revenue to the Govt. since 1984. It is a deep concern for all other Non- CA Tax professionals like CMA, CS, ITP, STP and ADVOCATES. NON- CA TAX Professional like CMA, CS, ITP,STP and ADVOCATES should be authorized to certify GSTR-8.
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Rahul Acharya_2
Rahul Acharya_2 10 years 7 months ago
GST is defined as a broad based destination based tax on goods and services. However, the proposed Indian GST by excluding Petroleum, Alcohol, Electricity and Real estate narrows down the base significantly. This has been apparently done on the basis of revenue concerns, given that Petroleum itself generates over 50% of Central excise revenues and over 30% of State VAT revenues. Can be resolved through additional excise on demerit goods such as Petroleum and Alcohol.
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SRI KRISHNA
SRI KRISHNA 10 years 7 months ago
Even though 8 class of persons are authorised to represent the assessee U/s 288 of Income-Tax Act, only 5 class of persons are authorised to prepare return on behalf of assesses under Rule 12A of Income-Tax Rules. Hence, there is no justification in confining certification powers only to CAs in Income-Tax Act. This is causing strict hurdle for voluntary compliance. Unless this is rectified, Govt. can not widen genuine tax base of assesses, that too without widening base of Tax Professionals.
mygov_144871869933322.pdf
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SRI KRISHNA
SRI KRISHNA 10 years 7 months ago
Original Income-Tax Act, 1961 was well drafted by learned officials in Finance Ministry & it was capable of meeting the expectation of the Govt. in all future events, except requiring amendments for events/changes taking place in this 21st Century. Disturbance to the original intention of legislature in Income-Tax Act, 1961 started in 1984 by the intervention of Institute of Chartered Accountants of India by way of inserting mandatory Tax Audit Certificate U/s 44AB by only Chartered Accountants.
mygov_144871540233322.pdf
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