Suggestion for Drafting the New direct Tax
Suggestion for Drafting the New direct Tax
The task force for direct tax have issued a form of suggestion for drafting the new direct tax. It will also motivate the people about their participation in law making. Also the questionnaire will reveal the problems faced by the public and resolve them. The basic reason behind this is to take the suggestion and understand the need of the general public and the stakeholders.
|
Name |
|
|
Address |
|
|
Status (Individual/ HUF/ Firm/ Company/ Trust/ AOP/ BOI) |
|
|
|
|
|
Contact Number |
|
|
|
|
||||
|
A. |
|
||||||
|
A.1 |
|
|
|
||||
|
A.2 |
|
|
|
||||
|
A.3 |
|
|
|
||||
|
A.4 |
|
|
|
||||
|
|
|
|
|
||||
|
B. |
|
||||||
|
B.1 |
|
Yes/ No/ NA |
|
||||
|
B.2 |
|
Yes/ No/ NA |
|
||||
|
B.3 |
|
Yes/ No/ NA |
|
||||
|
|
|
|
|
||||
|
C. |
|
||||||
|
C.1 |
|
Yes/ No/ NA |
|
||||
|
C.2 |
|
Yes/ No/ NA |
|
||||
|
C.3 |
|
Yes/ No/ NA |
|
||||
|
C.4 |
|
Yes/ No/ NA |
|
||||
|
C.5 |
|
Yes/ No/ NA |
|
||||
|
C.6 |
Do you feel that rectification applications are being disposed off within the prescribed time of six months? |
Yes/ No/ NA |
|
||||
|
C.7 |
Do you feel that the e-assessment process will be helpful in improving transparency, accountability and effectiveness of the tax administration? |
Yes/ No/ NA |
|
||||
|
C.8 |
Do you feel that refunds in scrutiny assessments are being computed and received timely? |
Yes/ No/ NA |
|
||||
|
|
|
|
|
||||
|
D. |
Litigation and recovery of disputed tax demand |
||||||
|
D.1 |
Do you think that there should be a strong Alternate Dispute Resolution mechanism for reaching effective resolutions? |
Yes/ No/ NA |
|
||||
|
D.2 |
Do you feel the Mutual Agreement Procedure (MAP) is effective, quick and transparent? |
Yes/ No/ NA |
|
||||
|
D.3 |
Do you feel that appeals are being disposed off by the Commissioner of Income tax (Appeals) [CIT(A)] in time? |
Yes/ No/ NA |
|
||||
|
D.4 |
Do you think that specifying percentage of demand to be paid (20%) before disposal of appeal by CIT(A) has curtailed the arbitrariness and streamlined the process for collection of demand? |
Yes/ No/ NA |
|
||||
|
D.5 |
Do you feel that the Authority for Advance Ruling (AAR) forum should be available to all the assessees (residents and non-residents) for determining the tax liability upfront on complex transactions? |
Yes/ No/ NA |
|
||||
|
D.6 |
What are your views on the working of Income Tax Settlement Commission (ITSC)? |
—- |
|
||||
|
D.7 |
What are your views on the working of Income Tax Appellate Tribunal (ITAT)? |
—- |
|
||||
|
|
|
|
|
||||
|
E. |
Penalty and Prosecution |
||||||
|
E.1 |
What are your views on levy of penalties for various defaults under the Income-tax Act, 1961? |
—- |
|
||||
|
E.2 |
At what stage [Assessment/ 1st Appeal/ 2nd Appeal] should the penalty for tax evasion be levied? |
—- |
|
||||
|
E.3 |
Do you feel that prosecution for TDS is being launched in an appropriate manner? |
Yes/ No/ NA |
|
||||
|
E.4 |
Whether present system of compounding of alleged offence has worked well? |
Yes/ No/ NA |
|
||||
|
|
|
|
|
||||
|
F. |
Any Other Suggestions |
||||||
|
|
|||||||
ConsultEase Administrator
Consultant
Faridabad, India
As a Consultease Administrator, I'm responsible for the smooth administration of our portal. Reach out to me in case you need help.
