This is an ideal situation where there will be prompt and fast service given from all the service providers including the government, without having to pay every tom dick and harry money to oil their palms.
In our country even tax officials demand bribe and in every single government office the bribe is an accepted, unavoidable must, failing which the "foolish person" will be made to run from pillar to post.
There are umpteen number of persons living the life of luxury paying no tax or nominal tax when foolish persons like us pay the full tax disclosing the correct income.
The politicians and the officials with political connection plunder the hard earned money of the earnest taxpayer, not in thousands, but in hundreds of crores. A few may be caught but a lot of them go scotfree.................
While the request to the common man to disclose their true income is commendable and to be adhered to, why don't the government and officials who are responsible to collect taxes go after these big time swindlers rather then the small fries who at best may yield thousands?
From: P Nair <pnair1966@yahoo.com>
To:
Sent: Wednesday, 22 May 2013 1:11 PM
Subject: [www.keralites.net] Govt urges taxpayers to Diclose True Income and pay Appropriate Taxes
Govt urges taxpayers to Diclose True Income and pay Appropriate Taxes
Government urges all tax Payers to Disclose their True income and pay Appropriate taxes within the Current Financial Year; A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month
The Union Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need for a non–intrusive tax administration to enable the tax payer to file his/her return and pay appropriate taxes.
In the statement made by the Revenue Secretary, Government of India to the media on 11th February 2013, he had mentioned that the Directorate of Systems has undertaken a business intelligence project to identify PAN holders who have not filed Income Tax Return and about whom specific information is available in Annual Information Return (AIR), Central Information Branch (CIB) data and TDS/TCS Returns. Information in the Cash Transaction Reports (CTRs) of FIU-IND was also included as part of this data matching exercise. This data analysis has identified target segment of 12,19,832 non-filers linked to more than 4.7 crore information records. Rule based algorithms were used to identify high priority cases for follow-up and monitoring.
Letters were sent in three batches to 1,05,000 high priority cases seeking to know whether the person had filed his Income Tax return or not. The letter contained the summary of the information of financial transaction(s) along with a customized response sheet.
Preliminary assessment of the results show that a large number of taxpayers have filed return of income and paid self-assessment tax after initiation of this exercise. Taxes of more than Rs. 600 crore has been paid as self assessment tax and advance tax by the target segment in last three months.
This exercise is now being expanded and a compliance management cell has been set up to ensure follow-up action and track return filing and tax payment of the target segment. Another 70,000 letters are being sent in 2 batches to other high priority cases in this month, of these, the first batch of 35,000 letters has been dispatched on 20/5/2013.
This data analysis initiative has also helped in defining the scope and requirements of a comprehensive Data Warehouse and Business Intelligence (DW BI) Project of the Income Tax Department. The DW&BI Project will develop a comprehensive integrated platform for effective utilisation of available and accessible information to promote Voluntary compliance, deter non-compliance and impart confidence that all eligible persons pay appropriate tax. The project will integrate enterprise data warehouse, data mining, web mining, predictive modeling, data exchange, master data management, centralised processing, compliance risk management and case analysis capabilities.
Government once again urges all tax payers to disclose their true income and pay appropriate taxes within the current financial year.
Best Regards
Prakash Nair
www.keralites.net          |
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