Hon'ble FM We like to draw your kind attention for offloading the jobs at various Revenue generating deptt. such Excise,service tax, custom and sales tax and others to qualified professionals such as CA,CMA & CS for certification of various laibility and Returns and assisting in Final assessment and scrutiny of the case. This may be quarterly affairs so that more accuracy achieved rather than Annual affairs.
Regards Request made by a Practicing Cost & Management Accountant
The amount of income tax that is gathered is a insignficant amount as against the amount spent on collecting returns,processing nominal amount of refunds. pls do away with income tax on salaries & the deficit on this account be made up by indirect taxes on commodities.The surplus staff so available in this front can be utilised for gathering intelligence& enforcement of huge tax defaulters
please abolish income tax sir.... since it only pushes the middle and salried class to below poverty line. instead start an expenditure tax since only rich and government babus and ministers can only afford lavish spending.
India is having more than 70% population living in villages & depends on agriculture, small scale industries inorder to develope the country these sectors is most imp & are back bone of the country, to build up these sectors education is must than robotically development will takes place. It avoids farmers suicides & increases product qty & quality. For all these literacy is must.
Hon"ble Finance minister, Raise the compulsory tax audit limit from Rs. 40 lacs to1.85 croes. As it wa since 1985-86. each and every thing is changed but hs condition does not canged why? Idexthen was 125 and now You know. all taxes and lmits have been revised except this Why? By indexing the limit shall be 1.85 crores.
Hon"ble Finance minister, Raise the compulsory tax audit limit from Rs. 40 lacs to1.85 croes. As it wa since 1985-86. each and every thing is changed but hs condition does not canged why? Idexthen was 125 and now You know. all taxes and lmits have been revised except this Why? By indexing the limit shall be 1.85 crores.
