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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: VAT RATES
 
 
Direct Tax »
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
 CBDT signs four unilateral advance pricing agreements
 Central Board of Direct Taxes allowed Rs 4,500 crore of irregular benefits to infrastructure companies: CAG

Scope for expansion of tax base
June, 18th 2016

A day after Prime Minister Narendra Modi spoke about near-doubling of taxpayer base to 10 crore, Revenue Secretary Hasmukh Adhia today sought to contextualise the statement saying he was talking about "scope for expansion" and getting to that mark is "impossible".

The Central Board of Direct Taxes (CBDT), however, said in a statement that the Prime Minister had "asked them to knock on the doors of the non-tax payers so as to increase the number of taxpayers to at least 10 crore".

Addressing the inaugural session of the two-day annual conference of tax administrators yesterday, the Prime Minister had asked taxmen to legitimately aspire to have 10 crore taxpayers within tax bases as against 5.43 crore tax payers currently.

The conference was closed to media and Modi's remarks were relayed by Minister of State for Finance Jayant Sinha and Adhia yesterday.

At the end of the conference today, Adhia briefed the reporters, where he referred to Sinha having said that the Prime Minister in his address had stated that out of about 25 crore households in the country, there may be 14-15 crore agriculture households.

Stating that this left 10 crore households, Adhia said, "Now, there is a scope for expansion, widening of tax net out of that 10 crore. He (Prime Minister) did not say that we should actually get 10 crore."

"It is impossible to get 10 crore of taxpayers in this country because many of the non-agriculture households may also be below poverty line staying in urban areas. So, it is not possible to tax all the 10 crore people," he said.

Modi, Adhia said, indicated about widening of the tax net. "There is no specific target or anything," Adhia added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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