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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)
Ramesh K Babu
Ramesh K Babu 10 years 9 months ago
It is my idea to promote pragmatic approach to our tax system. A simple and viable tax system to stimulate growth and ensure parity across the society, Each according to their need and each according to their ability to pay tax. How to realize this task which is huge in nature? Please kindly read the following with your utmost consideration. We face huge task in collecting direct and indirect tax and irrespective of all efforts we fail and black money and hoarding of assets happen regularly.
dr rajeev garg
dr rajeev garg 10 years 9 months ago
with govt in interest free bonds for 6yrs, so govt will be free to utilise this money for 6 yrs and even by simple bank rate of interest on Fixed deposits, govt is able to recover amount of tax due on this black money. I feel people compliance will be better as foriegn banks also dont give any interest on this money. but confidaciality of people must be ensured to remove their fears
dr rajeev garg
dr rajeev garg 10 years 9 months ago
Dear Sir, this is regarding black money stashed abroad, the current govt policy hasnt yielded much money inspite of great speculation. I feel basic reason is that people who have stashed money abroad, they never want to pay tax, so if we are going to offer them 30%+30% t tax on their money they are not interested in discosing it to govt. we need out of box solution for that. My suggestion is that govt should allow them to bring back their money without any taxation but it should be deposited wi
Sudhir Sarvate
Sudhir Sarvate 10 years 9 months ago
Increase Tax audit limit from 1 crore to 1.50 crore and 25 lakhs to 50 lakhs. This will help to avoid extention in filing of TAR & ITR. And suppose if due to some unavoidable circumstances if there is extention, then please automatically extend all the dates of filing TDS returns, ROC returns VAT returns and VAT audit reports.Also increase mandatory service tax registration limit from 10 lakhs to 25 lakhs
PRADEEP SINGH_37
PRADEEP SINGH_37 10 years 9 months ago
Make paper money vanish from the market. Every transaction should be done through debit cards. Everybody should be issued PAN/TIN . Tax evasion then would be impossible. But this applies to our politicians too. They don't Eben want the political parties to bring the RTI banner. How can they implement this.
Kishore Choudhary
Kishore Choudhary 10 years 9 months ago
Govt rule on charging of stamp duty on loan agreement needs rethinking. Stamp duty on Mudra loan up to Rs 50000 should be waived along with charging of processing charge. presently Minimum Rs 1000 stamp duty is required for loan upto Rs 50000. The burden on poor entrepreneur be reduced.
JAGDISH PATHAK
JAGDISH PATHAK 10 years 9 months ago
NGO,Charitable institution,CO-operative sector,etc.are the important media of development,Govt. utilize the sources of such institution.The income tax department are misusing the time,energy and money of country by scrutinizing such domestic institution and charging taxes by fictitious logic, which is always cancelled by appellate authority.The order should be given to CBDT not to harass such NGO,co-operative sector.further, they should be utilized for various development works for our nation.
AMRITESH
AMRITESH 10 years 9 months ago
As Indirect Tax is the Major source of revenue for the Union of India , it is imperative for the government to take roll out the GST as soon as possible from The next Fiscal year.Secondly government should recognizing the effort of voluntary disclosure of Income by assessee either in form of the tax rebate to some small % of the undisclosed Income as well as awarding the assessee with best income Tax Citizen's Awards by the government.
Amit garg
Amit garg 10 years 9 months ago
In the GST era, some kind of benefit shall be given to salaried class, like tax paid on salary income shall be adjusted with Service Tax or GST paid on Petrol, Mobile, Medical, etc utility payments. like set-off adjustment provided to business units who has income & expense of service tax.
Amit garg
Amit garg 10 years 9 months ago
To promote legal registration of Property sell / purchase transactions, stamp duty & registration fees shall be on the difference of present registration amnt (or guideline) less previous transaction value of the said property. Same like Capital Gain calculation. Atleast this should be started with any property bought / sold within 3 years, so all unaccounted (PoA type) deals will be channelised.