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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)

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)

PRAKASH SRINIVASA RAO 10 years 7 months ago

CAG:-CHAPTER II:APPRECIAITON OF ACCOUNTANTS CERTIFICATIONS(REPORT NO.32 OF 2014(PERFORMANCE AUDIT) SECTION A- THE PRESENT SECTION DEALS WITH CAES WHERE CAs REPORTED INCORRECT/PARTIAL INFORATION TO THE AOs.WE FOUND 367 CASES WITH TAX EFFECT OF2813.11 CRORE WHERE CAs EITHER IN THEIR TAR OR VARIOUS CERTIFICATES COMMITTED MISTAKES(SEE TABLE 2.1) THE LOSS VALUED IN 367 CASES OF SAMPLE AUDIT THEN THINK OF LOSS OF REVENUE IN ALL THE CASES OF 44AB.TO REDUCE THIS REMOVE 44AB FOR NON CORPORATE ASSESSEES

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PRAKASH SRINIVASA RAO 10 years 7 months ago

AND COMPLEXS NATURE OF BUSINESS ENVIRENMENTS,ACCOUNTANT'S ROLE IN ENSURING TRUE PICTURE OF ACCOUNTS AND TAXES DUE TO GOVERNMENT AS PER THE ACT IS VERY CRUCIAL.IT IS HOINT RESPONSIBILITY OF ITD AND ICAI IN ENSURING COMPLIANCE TO THE ACT.NECESSARY CONTROL MECHANISUM OVER THE THRID PARTY CERTIFICATION IS ASSESSMET PROCEEDINGS MUST BE ENSURED,BY MAKING SUITABLE PROVISIONS IN THE ACT,IF NECESSARY" PAGE 40 OF REPORT NO 32 OF 2014(PERFORMANCE AUDIT). KINDLY REMOVE 44AB AUDIT FOR NON CORPORATE ASSESSEE.

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PRAKASH SRINIVASA RAO 10 years 7 months ago

CAG- SINCE THE INTRODUCTION OF SECTION 44AB IN THE ACT IN 1984 WE HAVE EVALUATED THE SYSTEM OF TAX AUDIT/CETIFICTION BY ACCOUNTANTS IN 1997 AND AGAIN IN 2008.IN BOTH THE AUDIT REPORTS,WE POINTED OUT NON-UTILIZATION OF INFORMATION BY AOs IN ASSESSMENT PROCEEDINGS AND INCORRECT INFORMATION FURNISHED BY CAs IN TAR/CERTIFICATES.THESE IRREGULARITIES ARE STILL PERSISTING.THUS OBJECTIVE OF INTRODUCING TAX AUDIT CERTIFICATION BY ACCOUNTANTS GETS DEFEATED.WITH GROWING REVENUE FORGONE EVERY YEAR.....

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PRAKASH SRINIVASA RAO 10 years 7 months ago

UNDER INCOME TAX ACT THERE ARE MORE THAN 45 PLUS CERTIFICATES TO BE ISSUED BY ONLY CA THREFORE NON CA ARE NOT ENTERING TAX PROFESSION TO PROPAGATE INDIAN TAX LAWS UNDER THE CIRCUMSTANCES FOR A COUNTRY LIKE INDIA HOW ONLY 65000 AND ADD CA'S CAN INCREASE THE TAX BASE?THIS IS A REAL HURDLE FOR COMPLIANCE IN INDIAN TAXATION LAWS.THIS TYPE OF CERTIFICATION FOR TAX IS NOT THERE IN ANY COUNTRY.IF NON CA TAX PROFESSIONALS ARE KEPT OUT OF INCOME TAX AND PROPOSED GST YOU ARE CREATING UNEMPLOYMENT PROBLEM

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narayana naik renjala 10 years 7 months ago

Sir certificates/ reports prevailing in income tax act on date from only CA's since two decades have not yielded extra revenue to Govt exchequer.Instead it has become hurdle for voluntary compliances u/s 139 of IT Act and other Indian taxation laws. This is because of indirect control of ICAI on compliance by way of ceiling which barricade support for compliance from non CA tax professional of Inda

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narayana naik renjala 10 years 7 months ago

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SWETHA S_1 10 years 7 months ago

The issue in this grievance if the question of meeting livelihood of non CA Tax Professionals of India and also takes care of revenue interest for the reason that revenue can make use of spare capacity of such persons to support voluntary compliance u/s 139. Therefore, it is prayed before revenue to make up the matter seriously and decide the fact of Non CA Tax Professionals of India both under Income Tax & GST.

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PRAKASH SRINIVASA RAO 10 years 7 months ago

IN THIS COMPUTER ERA,ACCOUNTS ARE MAINTAINED IN COMPUTER AND QUESTION OF CHECKING CORRECTNESS OF TOTALS VOUCHERS DOES NOT ARISE.ALSO COMPUTER GIVES OUT FINAL ACCOUNTS,FOR PRESENTATIAON AND APPLICATION OF INCOME TAX LAW.I DO NOT UNDERSTAND WHY ONLY CA ONLY FOR ALL THE WORDS ATTACHED WITH AUDIT,THAT TOO PARTICULARLY TAX AUDIT REPORT IN FORM 3CD WHERE INTERPRETATIO OF TAX LAW IS INVOLVED.CA ARE TRAINED IN ACCOUNTS AND NOT IN INTERPRETATION OF TAX LAW AND PROCEDURES.REFE AK BALAJI VS UNION OF INDIA

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SWETHA S_1 10 years 7 months ago

Sir objective for introduction of audit in Income Tax act published by CBDT in circular No.387 dt 06.07.1984.Herein it is clearly stated that section 44AB has been introduced for non corporate and it is an audit for tax purpose. In prescribed form for tax audit U/s 44AB, wrong claims reported to ease assessment.Hence, it is clear that person trained in interpretation of Income Tax laws should conduct tax audit in this computer era.

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N PHANEENDRA 10 years 7 months ago

I request the policy heads to give employment opportunity to non CA tax professionals for certification under both Income Tax Act and Proposed GST Act

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