Tuesday, May 05, 2015

How to Increase Income Tax Collection (AFTER FINANCE ACT -2015 )


1)  All expenses match with PAN No who is receiving amount of expenses :

My point is why not government come with law that any expenses allowed in India match with PAN No of India person or concern or co.

2)  Please allot all Indian Person Income tax Pan No and activated by the income tax department all expenses claim by co./Individual  /HUF/Firm AOP/ Trust  allowed only when Pan No. match of other person

3)  Our government servant received net of tax paid salary after TDS deduction but

4)  Business Income , expenses allowed without paying income tax

5)  Co. claim crores of expenses but no one Indiual/HUF/Firm/Co. paid on income tax on such expenses

6)  In income tax return PAN NO. not mention of amount receiving person please provide details of Received and Payment with PAN No. based and income tax return why Government  not asking for information of Expenses with PAN No and issue notice if  Expenses  paid PAN No not paid income tax to I.Tax department.

7) Amount paid in cash up to Rs.20,000/- are the sources of block Money.

8) Why government not reducing the limit of Rs.20000/- in cash and government can make compulsory account paid cheque for expenses

9)  If Government want transparency in Income tax collection why not government allowing Bank Details of All Income tax payer sharing in one platform or one bank details sharing web site.

10) Our elected representative (Neta ) businessmen doing business and profession why not government not sharing information of there amount received and payment by elected representatives

11) Elected representative receiving amount other then Salary from government why not government sharing information of  elected representative business / professional received .

12) Why not government trying to see amount received by elected representative is actually amount received for there business/professional reason or there ruling party reason.

13) In India our leaders paid 30% income tax and became owner of 70% wealth of block money

Government doing

1)   Rs.1,00,000 purchases mandatory qoting PAN NO. F.Y.15-16.

2)  My  advice is PAN NO.VARIFICATION IS PROVIDED AUTOMATIC LINK IF a person made payment for purchases.


3)    My advised is not fallowed by Finance minister as every expenses allowed  in Profit and Loss account and Income and expenditure account  will be match with PAN NO.

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