F. No. 401/7/2015-ITCC

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF DIRECT TAXES

New Delhi, dated 26th  June, 2015

To, –

All Principal Chief Commissioners of Income-tax (Cadre Controlling) ;

All Chief Commissioners of Income tax,

All Principal Directors General/ Directors General of Income-tax,

Principal Commissioners of Income Tax (1981-1982 batches only).

OFFICE MEMORANDUM

Subject: – Suggestions on augmenting tax collections.

Sir/Madam,

Kind reference is invited to the deliberations during the 31st  Annual Conference of Pr. Chief Commissioners of Income Tax/Chief Commissioners of Income Tax and Pr. Directors General of Income-tax/ Directors General of Income-tax held on 25th  & 26th May 2015 and this Division communication in this regard dated 12.06.2015.

It may be recalled that Hon’ble MOS(Finance) had desired during the Conference that participants furnish three suggestions each on significantly augmenting tax collections. However, except Pr. CCIT-Bihar & Jharkhand, Pr. CCIT-Odisha, Pr. CCIT-West Bengal & Sikkim, Pr. CCIT-NWR, Pr. CCIT- A.P. and Telangana, Pr. CCIT-Kochi, Pr CCIT- UP West & Uttarakhand, CCIT-Panaji, CCIT-Central-Delhi, CCIT-III Kolkata, CCIT-Thane, CCIT Indore/Bhopal/Raipur and Pr. CIT (OSD) and DIT (Vig.) North Zone, suggestions in this regard are yet to be received in the Board. Accordingly, it is again requested that, as also desired by Chairperson CBDT in Video Conference dated 23.06.2015, three suggestions each, on augmenting tax collections, may be furnished by the participants of the Conference to the Board by 30.6.2015. Suggestions on widening of tax base may also be forwarded then in.

(A.K. Sinha)

Director (ITCC)

Tel No: 011-23092939

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Category : Income Tax (25333)

0 responses to “CBDT invite Suggestions on augmenting tax collections”

  1. MANDEEP SINGH says:

    SECTION 44AB is strict hurdle to widen genuine tax base. this section need to be omitted from income tax act. our Modi government is stressing on self declaration, than why unnecessary certificates till today present under INCOME TAX ACT & other tax acts.

  2. Harish says:

    Suggestions from Department will have one view. Ask suggestions from Public including Lawyers, C.As and others who are in this field.

  3. taxwell says:

    ANNUAL INFORMATION RTURNS DATTA MUST BE FOLLOWED STRICTLY. AND ANNUAL INFORMATION RTURN TO CBDT FROM ALL OFFICES MUST BE TAKEN ON TIME FOR FOLLOW UP

  4. taxwell says:

    really monoply of ca is affecting ECONOMY AT LARGE., CA, CMA,CS, ADVOCATES MUST BE GIVEN POWERS TO EXPAN PRACTICE.

  5. BSKRAO says:

    (1) Hon’ble Ministry of Finance, Govt. of India entirely depending on only Chartered Accountants for issue of various Certificates/Reports under Income-Tax Act. On date, there are 46 Plus Mandatory CA Certificates in Income-Tax Act. Because of these CA Certificates, other four class of Non-CA Tax Professionals Viz. Legal Practitioners, Cost & Management Accountants, Company Secretaries and Income-Tax Practitioners who are also authorized to prepare return under Rule 12A of Income-Tax Rules, 1962 read with Section 288(2) of Income-Tax Act, can not exercise the authority granted in the statute fully & independently, in fact they have been ignored. Such dependency on one Professional body is a dangerous trend & leads to monarchy in our democratic setup. Here, crux of the matter is CAs enjoy both the power of certification & representation, but Non-CA Tax Professionals are authorized only to represent assesses. This is practically causing strict hurdle for voluntary compliance from Non-CA Tax Professionals & over burdening of Chartered Accountants. Hence, new Non-CA Tax Professionals are not entering tax practice to support voluntary compliance in Indian taxation laws since introduction of Tax Audit Certificate from only CAs in 1984.

    (2) In USA 90% of Total Income-Tax Revenue coming from Individual Tax Payers, whereas in India only 20% of Total Income-Tax Revenue is coming from Individual Tax Payers, in spite of India being the largest democracy in the world. To combat with this situation our esteemed Central Govt. should encourage more persons to enter tax practice by introducing unique Tax Practitioners Law in India also.

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