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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)
BSKRAO
BSKRAO 10 years 7 months ago
Audit means “verification”. person who conduct audit need to be a knowledgeable in the matter he under takes to Audit. Ex:- Energy Audit, Environment Audit, Product Audit, Process Audit, Cost Audit, Legal Audit in USA & Tax Audit in Indian Income-Tax Act. Hence, the word “Audit” demand varied type of knowledge & it can not be restricted to single professionals like Chartered Accountants, that too in taxation laws. In conclusion, person specialized in Income-Tax law should issue Certificates
PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 years 7 months ago
sir, Some of the extracts of the CAG report is enclosed as to why the 44AB audit has not achived its goal and it should be removed for the noncorporate assessees.Ii is our fate that the report has never been made public and the matter has been hidden till date to safegaurd the particular class of tax professionals and to labby for the particular class of tax professionals and ignoring the sincere services of the Tax Practitioners and utilising them for noncorporate assessees by scraping 44AB
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BSKRAO
BSKRAO 10 years 7 months ago
46 Plus Certificates from only Chartered Accountants in Income-Tax Act causing strict hurdle for voluntary compliance from Non-CA Tax Professionals, also resulting in huge revenue loss to Govt. requesting Hon’ble Ministry of Finance, Govt. of India to have Tax Practitioners Law in India in the lines of US Treasury Circular No.230/Tax Agent Service Act of Australia – to enhance revenue collection by increasing the genuine base of Tax Professionals in India – Regarding
AJAY KUMAR SRIVASTAWA
AJAY KUMAR SRIVASTAWA 10 years 7 months ago
Income Tax for salary class need improvement and can be easily done by hiring a good IT co. It will generate lot of revenue, if system is easy.Like providing a "Pay" button on demand page itself. Pl do some easy things first and fast.
CHANNALLI KOTRAPPA TAX ADVOCATE BALLARI
CHANNALLI KOTRAPPA TAX ADVOCATE BALLARI 10 years 7 months ago
The CAG report of 2014 has discussed in length with specific instances how the 44AB audit done BY THE CA'S specially in case of non-corporate assesses which has resulted in LOSS to the GOVT. with all these the GOVT should not yield to the LOBBY of the particular class of TAX PROFESSIONALS.But THE MONOPOLY OF THE 44AB AUDIT BY CA'S SHOULD BE REMOVED
PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 years 7 months ago
sir, I have sent the copy of the CAG report for your easy reference which could have been discussed on the floor of the parliment,unfortunatly the same has never been discussed by our policy makers and only they talk about the increaseing the TAX BASE without thinking of the practical problems in achiving the same and even if the 10% of population to be tax payers the number of tax professionals will be shortage in the nation hence the non corporateshould be kept out of 44AB audit
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SINGTALURE APPAIAH BHAT
SINGTALURE APPAIAH BHAT 10 years 7 months ago
1. Respected policy makers, please look into the CAG report of 2014 Chapter II Appreciation of Accountants certificates Page 7 to 22 ABD Report No 32 of 2014 Performance Audit page no 30 to 43.This shall kindly be taken very serious, by the reform team in the direction of suggest for the removal of the 44AB audit for non corporate assessee. THE OTHER POINTS ARE IN IMAGE FORMAT
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PRAKASH SRINIVASA RAO
PRAKASH SRINIVASA RAO 10 years 7 months ago
sir, in a recent replay to the RTI applicaiton the fact is very clear that the number of CA's is short when compared to the number of certifications that are to be issued to the non corporate assessee and which is an hurdel for voluentry compliance of returns under ITACT On one side the government says increae the TAX BASE but on another side pur the hudels of certificates RAJ by CA which is hamppering the development of the TAX Base AND hence only 2TO3% of country's population are tax payers
P ASHOK
P ASHOK 10 years 7 months ago
S 44ab is not generating any revenue to the government specially in case of non Corporate assesses and the same has been accepted by cbdt