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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)
MAHESH KAMATH
MAHESH KAMATH 10 years 6 months ago
education trusts need to be nominally charged as these education institutions are in business and are collecting crores in the name of building fund and capitation fees. Every trust can be charged 1% IT and 0.5% service tax flat if the annual turnover is more than 10 crore. Similarly coaching classes are also evading lot of taxes.
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MAHESH KAMATH
MAHESH KAMATH 10 years 6 months ago
Just like TDS is deducted at source, even service tax can be deducted at source of payment. This will bring more people under service tax ambit.Just like PAN card a service tax card can be introduced.
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MAHESH KAMATH
MAHESH KAMATH 10 years 6 months ago
Recently It is the people who have honestly registered and paying service tax and Income tax are getting notices and have to undergo tax terrorism by Officials. Moreover the deparments are bringing in notifications of which none of the assesses are aware of. Officials shld be going after people who are not registered and are evading service tax and Income tax
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Vishal Gupta
Vishal Gupta 10 years 6 months ago
Making use on digital money and process is the the only solution. complete cycle of Rs. need to be digital including tax assessment. in place of calling individual for scrutiny, they should just receive digital notice to deposit details or remaining tax. when they attend to tax office there are many expense which are not traceable. as per me few people enjoy this but most of the time only taxpayers get trapped in this. where they loose their earnings by attending the tax office. say no to cash
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Pankaj Kumar_378
Pankaj Kumar_378 10 years 6 months ago
If every business transaction will be online then never anybody can be stole tax revenue. because this database portal works online and automatic calculate the one year transactions of a business and automatic create the tax revenue. I will be explain detail about this through data flow diagram later how to create and how this works successfully.
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MAHESH KAMATH
MAHESH KAMATH 10 years 6 months ago
Income tax slab shld be increased to 5 lakh. A seperate tax 0.1% on banking transaction of more than 10 lakh a year in a SB accounts can be introduced.
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MAHESH KAMATH
MAHESH KAMATH 10 years 6 months ago
Service tax has a very complicated structure. Instead a uniform standard service tax rate of 2% on service bill can be levied instead of 40% 70% abatement which causes a lot of confusion. Reverse charge method were service tax amount will be shared between service providers and receivers should stay and needs to be strengthened. In order to bring in more and more people under service tax ambit, PAN and VAT needs to be linked. Also the 10 lakh slab may be increased to 20 lakh.
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Pankaj Kumar_378
Pankaj Kumar_378 10 years 6 months ago
TO create a online database portal for stop the all black money concept in all over INDIA the concept is that every business should be online like a shopkeeper or a industry everything will make online. Through this every data store in a database and every transaction be online like sale, purchase, store, manufactured items, production, import, export, every single transaction done through this database. And after that the black money will be stopped in all over INDIA. Thank you
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krishan Gopal Goel
krishan Gopal Goel 10 years 6 months ago
Sir, Non-salarid tax-payers are allowed many expenses before calculating taxable income. But this benefit is not available to salaried taxpayers. some years ago, salaried taxpayers were given the benefit of standard deduction before arriving at their taxable income. In order to equate salaied and non-salaried taxpayers, it is eqitalbe to restore the benefit of standard deduction to salaried taxpayers.
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