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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)
HEMANT PODDAR
HEMANT PODDAR 9 years 10 months ago
MANREGA is a scheme for rural areas to provide jobs. However it is the quality of assets created which need be monitored. These scheme should be EXCLUSIVELY linked with village irrigation programs for next 2-3 years to spread irrigation network expeditiously.It will go long way to uplift rural economy.
Sharad Gupta_17
Sharad Gupta_17 9 years 10 months ago
it would be a win win decision if Club memberships are made transferable/saleable and both Govt and club can levy a fee on each transfer to prospective members who meet the clubs membership criteria.
Sharad Gupta_17
Sharad Gupta_17 9 years 10 months ago
PROPOSAL It is well known that all metro cities in India have elitist Private Clubs/Gymkhanas occupying prime properties and paying lease rents to Govts. much lower than the prevalent market values. On the other hand Membership are closed for new entrants except member's children in few clubs. as a result a) there are very few young members who can use the facilities b) far greater number is of aged members who are not visi
sharat sharma
sharat sharma 9 years 10 months ago
One suggestion is to have Child Tax Credit like in USA. Child Tax Credit should be capped till 3 children. Child Tax Credit can be between 20,000 and 30,000 Per child. This will help in increased Tax Compliance and widening Tax Base.
Shreyans Shah
Shreyans Shah 9 years 10 months ago
cont. If you want to tax those companies then allow forex risk in India. If you dont want to allow forex risk then dont tax these variety of investment companies who invest globally except in India. Reign in abuse of POEM rules. In case of genuine tax avoidance POEM is good but for example as mentioned its bad. Try to understand difference between noraml and these companies as nowdays such companies dont require much manpower due to artificial intelligence and internet.
Shreyans Shah
Shreyans Shah 9 years 10 months ago
Place of Effective Management (POEM) rules are good to reign in tax avoidance but too harsh in other specific case like if a person wants to invest in derivative securities abroad he has to establish a portfolio company abroad managed effectively by comptuter from India as buy and sell orders can be placed from India. Such company if established example in Singapore will pay corporate tax in Singapore and in India because RBI dosent allow forex risk while those jurisdictions allow.
Shanti Jain_1
Shanti Jain_1 9 years 10 months ago
Namastey, I have a suggestion that, due to decline in bank interest rates on fixed deposits, rates for senior citizen have also come around 8% which used to be around 9.5 and 10% since senior citizen do not have any alternate income source other than income on savings of their entire life, hence the interest rate should not be declined below 10% for senior citizens. I do understand that interest rates are a function of RBI and banking policies but I don't think it would affect much.
Vivek Vaidyanathan
Vivek Vaidyanathan 9 years 10 months ago
sir, the tax system in our country is very bad. especially for salaried categories. the savings that are deposited in banks as SBD & FD are money saved from the already IT deducted salaries but the interest generated from this is again liable for double taxation. same way the growing cost of living and tax slabs does not match at all. so pls protect the common man from this tax burden.
Rajkumar_302
Rajkumar_302 9 years 10 months ago
भारत की सरकार अंग्रेजो द्वारा बनाये गए समस्त टैक्स को खत्म करे उसकी जगह एक टैक्स लगाए । हमें इतने तरफ के टैक्स से आजादी चाहिए । सरकार अपने खर्चे कम करे तथा भारतीय बाजार में उपलब्ध उत्पादों पर लागत मुल्य भी छपना चाहिए ।
Suresh Kumar Somani
Suresh Kumar Somani 9 years 10 months ago
Dear Sir AS FII investments are treated as angle funds for business and services, same treatment be given for any capital additions made (not related for fixed assets)by Indian Businessman if he set up a new business with minimum conditions so that we have a good atmosphere of ease of doing business. PLs clear all doubts and Tax related measures so that people will not follow with fear but with a spirit of sharing the responsibility of Country. Regards