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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)
Jay Chan
Jay Chan 10 years 2 months ago
It is very much needed that more people are to be made active contributors in the idea giving process. People need to be inspired by real freedom fighters during pre independence. All the people needed to be united for single cause. Like this no problems can be there any longer. Please hope for good rains this year. It is very much necessary.
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Dr Jyoti Kapoor
Dr Jyoti Kapoor 10 years 2 months ago
Between 50000 to one lac charge Rs 100 annually as tax and again 1 go 2lac charge Rs 200 annually.2to 3lac Rs 300 and 3 to5 lac charge 10% 5 go @2 lac 20 % 12lac and above 30%.All those with less than 3lac income give discount on khadi products ,food items 5% or whatever on showing pancard.This way they will not spoil govt property and will get back the amount spent as tax.It will boost their moral and get feel for the nation. From Dr Jyoti Kapoor
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Dr.YogeshSawant
Dr.YogeshSawant 10 years 2 months ago
Make in bond investment bond invested amount incresing 50000 limit i.e. investment more than 50000, interms of 5000 step, will be given as rewards points with 2 year validty. Fund can be categories like Defense, Civil infra, railways, water ways etc. For investment in Defense honorary certificate from defence can be given. Also additional surcharge of make can be introduce in 30% and above tax bracket.
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Dr.YogeshSawant
Dr.YogeshSawant 10 years 2 months ago
Add Make in India fund in income tax rebate:This may have different options like 1)EEE 7.5% for 3,5,15,20. with rebate in tax bracket;2) EEE with rewards point for invested amount exceeding given limit say Rs.50000 for investment. and rewards point can be utilised like credit card points or for next year exemption with validity upto 2years.
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Santosh patidar_4
Santosh patidar_4 10 years 2 months ago
Hello sir.. Is in India lots of shopkeepers are not pay tax like .. Pan shop ,tea shop , kirana shop , Landry shop , they are also use all govt facilities and they are not pay any taxes.. If you are charges one years minimum amount so in India .. Maybe 1cr shops .. for example 1000 per year so 1000*1cr =?? Every years earnings of govt.
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SUNIL JOHNS
SUNIL JOHNS 10 years 2 months ago
Under the head 'lncome From House Property' is that, the assesse should be the owner of that house property” As I am the sole earning member of the family, I had to apply for joint house loan for its completion along with my mother who is the owner of the house. The changing of ownership of the house has not been completed. As the new rule has come into force, I am not able to claim deduction in income tax, so I request for relaxations in the above rule.
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Rohit Bohra
Rohit Bohra 10 years 2 months ago
- HRA deductions to be given on payment of this 1% tax deduction done and submitted to IT department.This will automatically force all home owners to declare rental income. - Similarly TDS on bank interest would lead to increased compliance - Bring back the standard deduction for salaried class to synchronize the income-based taxation on salaried class to profit-based taxation of corporate /business class
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Rohit Bohra
Rohit Bohra 10 years 2 months ago
- Replace PAN with aadhar...this will lead to unification from multiplicity of numbers and also remove the complain of not enough people having PAN. - Introduce a lower rate of TDS 1% for each income source -say bank interest, div payment, rental payments etc. This might lead to increased compliance .But, have a simplified procedure to file returns and claim back TDS
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