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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)
Goldwin James_1
Goldwin James_1 9 years 11 months ago
term capital gains shall be reduced by the amount by which the total income as so reduced falls short of the maximum amount which is not chargeable to income-tax and the tax on the balance of such short-term capital gains shall be computed at the rate of fifteen per cent"---------i still not understand what it syas
Goldwin James_1
Goldwin James_1 9 years 11 months ago
the rules and regulations in Income Tax act need to be in simple or should provide a hand book with examples. Suppose the line in Sec 111 A reads where the total income as reduced by such short-term capital gains is below the maximum amount which is not chargeable to income-tax, then, such short-term capital gains shall be reduced by the amount by which the total income as so reduced falls short of the maximum amount which is not chargeable to income-tax and the tax on the balance of such short-
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
In case of default made by companies for TDS the company should be summoned not the individuals. But currently all the individuals are harassed by income tax department by giving notices repeatedly despite knowing that the company is defaulter not the individual so that the individual get pressurized and start doing compromise i.e gave any kind of bribe. This is purely increasing the corruption nothing else. Even Supreme court of India has given several decisions that the companies are Responsi
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
These are the two major thing is included in tax policy tax fraud and unnecessary govt expense on tax recovery shall be avoided completely. 1) The Govt Employees should be given tax free salary as per the Tax slab in which they are falling.By doing the calculation which has no loss to govt and individual. Everyone will support this. 2. By transferring the TDS deduction power from Private companies to Bank. and the Companies will only be responsible for calculation of tax & give docs to bank.
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
The private companies has to pay the full salary to banks and the bank should deduct the tax and submitted to income tax department. The account officers/DDO of private companies should only do all the calculations and tax exemption formalities i.e. HRA / Insurance/ TPT/ CEA and other allowance as exempted by Income tax department and submit to bank with nominal roll and bank should cut the income tax as per the tax sheet provided by the company. But the company should give all the salary toBank
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
There are several examples of TDS frauds like Kingfisher Airlines being the recent defaulter who had done tax default of 466 crores and still enjoying the levis life but not paying any money to income tax department and few of the officers are detailed only to visit court for the recovery from these types of defaulters. This is clearly a wastage of govt. money and manpower . This manpower can be used at some creative work for for building of nation.
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
Secondly the power of cutting tax should be given to Banks the CA of private firms will give the documents of tax calculation of individual to bank and the bank will cut the TDS and deposit the amount to income tax office . It will STOP TDS scams done by most of the private companies. They cuts the TDS and never deposits to income tax offices and IT Dept can only file case against them but cannot recover any single Rs. And individuals are harassed by Notices of income tax dept without any fault
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
This is the time to change the tax policy for the government employees as this is duplicacy of work. The policy go giving salary and than deducting tax may be scraped and should be Tax Free salary by fixing the salary as per tax slabs. This will relieve the Income Tax offices from over burden and they can concentrate on catching the defaulters for tax payment.All DA/ Increment can be fixed as per tax slabs without any loss to employee and government. Please think on this.
Venkatraman_4
Venkatraman_4 9 years 11 months ago
For Nations progress, please stop giving money to the people who commit suicide or who met accidents. Let them get insured. Increase the insurance amount in all tickets so as they pay for the same. In case of accident or death, then they should be given some relief. Do not encourage people in the name of caste, creed, that they are dalit, sc so they will get money or government job in lieu of death of a person from a community, caste.This has become a regular practice and our tax money is wasted
AMIT KUMAR_886
AMIT KUMAR_886 9 years 11 months ago
For the progress of nation please implement income tax free salary to government employees by calculating the salaries and increment as per tax slabs without any loss to government and government employees. It will give a huge no of manpower time spare for monitoring of tax defaulters.