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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)
JAGDISH PATHAK
JAGDISH PATHAK 10 years 4 months ago
I want to suggest that,when state govt. or loacal authority fail to fulfill the duty of "SWACHCHHA INDIA",(e.i. seen at New Delhi), There should be a scheme introduced by which the NGO or any institution will be given such duty and grant contributed directly by central govt. to such institution, Therefore, any anti govt. element or local authority of any state do not co-operate in such clean India mission,cetral govt. directly handle such mission under the scheme,It is viable to do,best wishes
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Arul Raj Kitnan
Arul Raj Kitnan 10 years 4 months ago
On the tax reimbursement benefits salaried people have, every year it's lot of paperwork towards the end of every tax year from employee, employer and guess income tax dept also needs to do lot of verification. Some suggestions: Can we have an option of registering the bills for reimbursement claim right at the point of buying? If I as a buyer opt to register, then i have to provide my PAN no while billing.
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Prabhakar_49
Prabhakar_49 10 years 4 months ago
5) Vehicles older than 20 yrs should not be allowed to run and some incentive to be provided for buying new ones, this by would help auto sector. 6) Withdraw 500 and 1000 denomination notes from the system and incentivise people for using plastic cards. 7) There is good demand for tax free bonds, use this instrument to fund infrastructure/power/ports/roads/railways. 8) The maximum contribution to (EPF + Sukanya Samridhi) should be capped.
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Prabhakar_49
Prabhakar_49 10 years 4 months ago
1) Lot of owners collect residencial/commercial rents in cash without providing PAN details.Collect atleast one identity PAN/BANK_ACCOUNT/ADHAAR_CARD. 2)Map all financial investments/instruments of an indian citizen to either PAN/AADHAR without which, interest/benefit should not accrued or tax to be deducted at 30% at source while withdrawal. 3)Give an oppurtuinity to all the indian citizen, whose money are lying idle in EPF and not earning any interest to transfer to NPS without deducting tax
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Prasad Atmaram Suryarao
Prasad Atmaram Suryarao 10 years 4 months ago
India is a Agriculture based country, however our budget does not focus in detail the way it focus on Industry. I would suggest that equal importance to be given to agricultural sector and incentivise the same in the manner other industries have been provided. To wide the tax base, have a system by which every shopkeeper need to pay minimum tax rate and provide the tax rebate to them in the similar manner salaried people have been provided. This will enhance the investment in tax saving schemes.
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JAGDISH PATHAK
JAGDISH PATHAK 10 years 4 months ago
The govt. have made so many work of income online e.i. online scrutiny,online appeal, high peach committee, 15G,15h online, etc. & tried to minimize the corruption and increase transparacy. I want to suggest that, All the work with assesse should make online, No intereferece of officer of income tax or tax depptt., except any major discrepancy found in transaction & cross verification. taxation should be development and employment oriented by encouraging the assesse, best wishes
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DINESH K KUMAR
DINESH K KUMAR 10 years 4 months ago
As per the Sec. 40A(3), even the genuine payment cannot be paid through cash and it create many problems to the business people. The intention of this section may be for the purpose of avoiding unaccounted transaction for limited extend. If there is a system uploading the details as done in TDS, it would be more easy to make the payment without any tension. If the payee is not having any PAN, a certain percentage of payment may be insisted to remit before filing the return.
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DINESH K KUMAR
DINESH K KUMAR 10 years 4 months ago
1. To eliminate black money, the first step I suggest is to withdraw paper currency either completely or allow for a limited amount and instruct to pay all the payment through plastic money, ie credit card. The card is to be provided by the Govt. at free of cost through by forming a separate financial institution. The credit should be given to the receiver without any charges.
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