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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)

Ak Andco 10 years 6 months ago

Suggestion to raise the excise duty on sugar, and reduce the MSP on sugarcane The first consequence of this shall obviously be demand curtailment. This will have many financial and non-financial benefits for the economy and the citizens as follows: 1.Many farmers will stop growing sugarcane due to reduced MSP and divert to other crops. 2.A drop in sugarcane production will reduce demand for irrigation water, leading to better irrigation for other agricultural and horticultural crops.

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Dr Rajesh Bheda 10 years 6 months ago

second suggestion is on utility bills payment. 1) All utility bills above certain threshold should be compulsarily paid by cheque only. 2) the cheque should be from the a/c of person on whose name the utility bill is & not from anyone else 3)consumers with High utility bill above certain threshold should be scrutinised at random. 4)There are lot of benami cell phone connections & their bills are paid in cash. 5) it will also prevent misuse of cell phones

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Dr Rajesh Bheda 10 years 6 months ago

Mr P Chindambaram had retrospectively amended the cap gains bonds scheme & restricting it to Rs 50 Lakhs only. !)It has lead to increase in the real estate transaction in cash (read Black Money) 2)It has lead to increase in apartment prices because people buy at any price to save on capital gains & transactions are done more in cash. 3)govt is losing out on cheap money which it pays on the bonds & also earns tax on interest. 4)the limit should be lifted in this budget.

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NAND KUMAR AJAD 10 years 6 months ago

As per TOI news, only 3.5 crore persons are paying income tax, out of these 3.5 crores persons about 89% are in the slab of 0-5 lakhs and only 42800 persons are in the slab of more than 1 crore. Does it not seem awkward that in the 125 crore persons only 3.5 crore are paying income tax? I think out of these 3.5 crore persons about 2-3 crore persons will be central as well as state govt. employee & pensioners. Sir details are in PDF file

mygov_14517656594996.pdf

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Neeraj Bansal_3 10 years 6 months ago

Sir, other area which is leading to tax evasion is deductions. Assesses are claiming fake deductions and reducing their tax liability. Either make reporting all deductions mandatory or make CA certificate compulsory to claim deductions. All the entities to whom investments are made such as LIC, Post offices, Banks etc shall report on annual basis, the investments done with them. Make PAN mandatory for this purpose. The same to be linked with Form 26AS.

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Neeraj Bansal_3 10 years 6 months ago

Contd.. One option may be to consolidate all the TDS sections relating to Non Salary with NO threshold limit and make deduction obligatory under one section only. TDS rate may be kept at such rate that revenue will increase and this will help in administration as well. Currently, due to loop holes or interpretation issues, TDS is not being deducted on many nature of payments and all these payments are not reflected in Form 26AS which ultimately leads to tax evasion.

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Neeraj Bansal_3 10 years 6 months ago

Sir, please amend the TDS provisions. Either the threshold limits should be abolished or reporting should be made mandatory for all the payments i.e including all below the threshold limit as prescribed currently. Currently, transactions are structured in such manner that TDS provisions become inapplicable and this leads to tax evasion. When all the transactions will reflect in Form 26AS, evasion will reduce. Contd..

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harish kakani 10 years 6 months ago

Dear Sir INCOME-TAX AMNESTY SCHEME 2016 Tax:- (50% to 60%) 30.00% for the First Year (UPTO 31.03.2017) on the amount declared 5.00% to 7.50% for the Second Year (P.Y. 2017-18) on the amount declared 5.00% to 7.50% for the Third Year (P.Y. 2018-19) on the amount declared 5.00% to 7.50% for the Fourth Year & (P.Y. 2018-19) on the amount declared 5.00% to 7.50% for the Fifth Year (P.Y. 2019-20) on the amount declared Benefits of the scheme is attached.

mygov_145174343628176454.pdf

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CA SATBIR SINGH 10 years 6 months ago

Dear Sir, Many businessman are not paying taxes because of some escape routes. Like shopkeepers and small businessman are not disclosing their income. Every shopkeeper should take sales tax no. under shop registration act and submit their return. Wholesale license/agency of big co. should sale to those retailers who have sales tax no. Sales tax deptt and Income tax department can share their data and come to know the exact income. Every person should submit their capital a/c and BS with ITR

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SARJU KALARIA 10 years 6 months ago

Income is Income .... whether it is from salary or interest or means of capital gains or dividend etc. ..... make a law such that a person has to pay income tax on increase in capital .... if a person is earning just salary and is spending most of his income then there is no increase in his capital so he has to pay very little tax as he spends most of his income ..... whereas a person with lot of capital invested in shares earns tax free money as there is no tax on such gains.

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