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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)

Sanjay Sharma 10 years 10 months ago

Ease of business should not just be talked about but actually be felt around , If any FIPB approval or any Industrial approval application was taking 30 days time , it should have been reduced to same day clearance. Our Govt. is talking about ease of business to foreign entrepreneurs , whereas Indian Business Man is facing the heat of doing business in India , nothing on the ground realty has changed over the past one year in the present Govt. regime.

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DHIRENDRA KUMAR_10 10 years 10 months ago

Income Tax can be replaced simply as Transaction Tax (TT) by introducing uniform rate of say 0.5% on all amount received in any bank account for whatever purpose including salary, business and corporate transactions, long term and short term capital gain from shares, securities and property, etc. It should be the responsibility of the receiving bank to deposit the tax on daily basis for the total amount received in the bank. TT rate can be varied on monthly basis as per collection.

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DHIRENDRA KUMAR_10 10 years 10 months ago

In this time to reform all taxation system of our country

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Shreyash Shah 10 years 10 months ago

I am a second year law student and recent had contributed a paper to a journal on the subject Cyber Domain. The journal is attached for your perusal. This journal was reviewed by Madras High Court judges and senior advocate with a Foreword by Chief Justice of India Justice H L Dattu. Relating your speech at San Jose, California where you had mentioned that FDI has increased tremendously since the new government came to power, a look at our tax laws on Digital Economy needs to be considered.

mygov_144352154613500031.pdf

mygov_144352156413500031.pdf

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Naanak R Pradheep 10 years 10 months ago

In my opinion for salaried class, the tax slabs are not appropriate in India, as the person who earns 10 Lakhs + (after considering all available benefits) will also be in 30% bracket and the person who earns 1 Crore + will also be in 30 % bracket, which I feel is injustice, I strongly feel we can consider investments up to 5 Lakhs (any which ways the invested amount will be in lock in period, so there won’t be any loss to Government) and minimum tax slabs should start from 5 Lakhs and above app

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Srinath Narayan 10 years 10 months ago

Dear Sirs Th major reason for black money is undisclosed real estate trans... A suggestion is to reduce stamp duties to 2% ... Also simplify capital gains by levying concessional rate of 3.5% to 5% tax on sale value where th seller declares sale cons during registration at higher value than guideline value... This could bring out th real market value if properties

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Dr Jagdish Mohnot 10 years 10 months ago

mygov_1443512417345033.pdf

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Ashish Joglekar 10 years 10 months ago

Run a software robot to pick data from real estate websites. Compare the prices and other data points with the ready reckoner rates published by revenue department. Review and revise the rates as per current market trends. If the selling price of every flat is different in same building, then why ready reckoner rates are the same for an entire geographical area. Think  consider dynamic ready reckoner rates to boost government revenue.

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Ashish Joglekar 10 years 10 months ago

We need to create a framework which will reward “digital” transactions. For example, let’s consider a scenario where Person A and Person B fall under 10% tax bracket. If person A shows all his income coming from sources which can digitally tracked, then instead of 10% he needs to pay only 5%. The person B shows all his income coming from sources which cannot be digitally tracked. Then instead of 10% he needs to pay 15%. Here we reward all “White” sources & penalize "Black" sources

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gdbatra 10 years 10 months ago

Regarding income tax:Only two slabs say 15% and 25%,There should be an cap on total exemptions, say Rs.5 Lakhs including std deduction,saving instruments,medical insurance,PPF/GPF,interest on home lone etc.This will simplify system and income tax will be for income above Rs.5 Lakhs.All deductions and exemptions should be under this cap.

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