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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)
shivangdixit_1
shivangdixit_1 10 years 2 months ago
MY TAX temptation cash savings only used for emergency, urgently requirements ,I still have RS 3 lac Every time , anytime you always NOT be free to give cash money ,or going to allow to use ATM card for/to cash expenses , spendthrift purpose,to collect money means cash savings being greedy, giving you idea
SUBHASH CHANDRA MALLICK
SUBHASH CHANDRA MALLICK 10 years 2 months ago
1. PAN for every Indian. 2. allow to Aadhar card to use as ATM (Bank ATM) or Addhar link ATM. 3. New digital Aadhar should be introduce. 4. Discount & preference should be allowed to Aadhar holder for any type of booking. 5. Each and every data to be store with New Addhar with GPS tracking system.
Mukesh Agarwal Bharatiya
Mukesh Agarwal Bharatiya 10 years 2 months ago
The govt should rely on low taxation but effective compliance.The govt must devise one small device similar to a smart phone with printing capability for all traders/ service providers and it should be linked with Govt's account through the account of respective trader/service provider.It should be mandatory for everybody to give a bill for all sales/services provided through such device.The device should automatically deduct govt taxes from each invoice and deposit directly into govt's account.
Ajay A
Ajay A 10 years 2 months ago
Dear Sir,can there be a government bond of very long tenure(10 years+), with a very low interest(may be 2-3%) but with no capping on amount invested and the entire investment be out of taxable income. This can be targeted at high income individuals who can lend to the govt and save on tax-the govt can borrow at very low interest and invest the same in infra development. a lot of black money that exists may be invested in productive part of ecconomy
Nilesh Bhagat
Nilesh Bhagat 10 years 2 months ago
Sir - one of the important step towards qualitative assessment of tax payers would be to recruit at AO level the professionals. We have not seen GOI going to campus for selecting CA(s) for income tax jobs. it is very important that the person at base level responsible for assessment is equally knowledgeable as his counterparty would be (in this case MNE or MNC represented by Big Four accounting firm.
K Dasaradha Ramaiah
K Dasaradha Ramaiah 10 years 2 months ago
Dear FM Sir, Only salaried people and few net worth people are paying IT since our Independence. This is the traditional method in collecting the income tax. None of the govt tried to reduce the burden of salaried people and continuously imposing tax on their heads. following suggestions to be included in our union budget for 2016-17: - 1. Enhance the IT web so that maximum people can come under IT. 2. Reduce the tax rate. 3. Make PAN/Aadhar card mandatory for every txn
Ravi Prathivathi
Ravi Prathivathi 10 years 2 months ago
I am not sure if this has been suggested before or not. You have been looking for solutions that would: 1. Track spending or at least provide tools for the common man to track his/her expenditure 2. Discourage cash transactions, thereby control off ledger transactions 3. A genuine make in India keep the wealth in India solution. Attached is a document that has an idea.
parvinder singh_14
parvinder singh_14 10 years 2 months ago
income tax law ko india ke hishab se mange karna hoga me sirf ek choti si example de raya ho income tax me current ac jasa ek account bane jas me assiey apne finace year ka advace tax jama karwe jis same assise ki assesment complete ho jaye us ka refund us ke accont me jama ho jaye income tax department us per interest na de or us assey ko agle vit varsh ke first quter me urgest karne diya jaye us me sab se phele to income tax department ka intesrt bache ga mere word bal nahi i meet higher au
K Sitarama Rao
K Sitarama Rao 10 years 2 months ago
K Sitarama Rao, Hyderabad I humbly request Finance Minister, Govt of India to abolish income tax on interest on FDs (Term Deposits) in Banks for following reasons.People with medium income only invest in FDs to protect their money against rupee devaluation because of inflation.This income group can't afford to take the risk of investing in other forms and loose money on some occasions.The interest given by banks on FDs is very low compared the rate at which rupee value is eroded every year.