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: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment :: VAT Audit :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India :: TDS
 
 
Direct Tax »
  No relief to those who defaulted on 1st IDS installment: CBDT
 CBDT clears the air on rental incomes from industrial parks, SEZs
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17

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 2017 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