Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: due date for vat payment :: cpt :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4%
 
 
л News Headlines »
 Income tax dept notifies amendments for sharing taxpayer information
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya

Culture of filing income tax returns has to be initiated'
February, 25th 2016

As non-payment of tax always been a problem in the country, Altfort Capital expects government to urge rich people in the unorganised sector to pay tax in the upcoming Budget. The budget will be presented by Finance Minister on February 29.

While talking to dna, Rahul Agarwal, Managing Director of Altfort Capital, said, "While there are approximately 180 million PAN card holders in the country, only 35 million pay taxes. The government has to widen the tax net and bring rich people in the unorganised sectors within the tax net. This would have positive implications on the overall tax rates and soften the indirect taxes which hurt the entire population, especially the ones below the poverty line. Our tax paying population as a percentage of adult population is a fraction of that in developed economies. The culture of filing income tax returns has to be initiated."

Pointing towards the increase in imports, he said, "Import of cheap, low value add products from China hurts our local manufacturing. Imports from China increased by 18% last year and formed 13.5% of our total imports. I expect the government to incentivise import of technology and manufacturing equipment while discouraging import of cheap goods. This would also augur well for Make in India."
Further, he expects clarity and relaxation of Permanent Establishment conditions for offshore fund managers. "Reduction in DDT would incentivise companies to declare dividends and be positive in attracting equity investments", he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions