A government-appointed task force is asking taxpayers in India for their opinions on how tax laws could be improved
According to the Financial Express, the questionnaire has six sections: Income tax return; tax credit; processing/scrutiny of return; litigation and recovery of disputed tax amount; penalty and prosecution, and other suggestions.
The task force is soon to complete its report on an overhaul of the Income Tax Law, 1961, with ease of compliance said to be the biggest priority. The Modi government is hoping to simplify the entire process of tax-payment, eliminating grey areas and reducing personal contact between taxpayers and tax officials.
The investigation is also believed to be a possible attempt to reinstate the Direct Tax Code (DTC) proposed by the then finance minister P Chidambaram in 2009. This proposal would have introduced a simpler tax code, abolished unnecessary exemptions and created space to cut tax. But due to a change of government, the bill lapsed in 2010.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
A government-appointed task force is asking taxpayers in India for their opinions on how tax laws could be improved
According to the Financial Express, the questionnaire has six sections: Income tax return; tax credit; processing/scrutiny of return; litigation and recovery of disputed tax amount; penalty and prosecution, and other suggestions.
The task force is soon to complete its report on an overhaul of the Income Tax Law, 1961, with ease of compliance said to be the biggest priority. The Modi government is hoping to simplify the entire process of tax-payment, eliminating grey areas and reducing personal contact between taxpayers and tax officials.
The investigation is also believed to be a possible attempt to reinstate the Direct Tax Code (DTC) proposed by the then finance minister P Chidambaram in 2009. This proposal would have introduced a simpler tax code, abolished unnecessary exemptions and created space to cut tax. But due to a change of government, the bill lapsed in 2010.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
