FORUM

DEBATE (1)

In my view Nusrat Jahan is the rising star.

R Banerjee

 

DEBATE(2)

My vote goes to Dimple Yadav.

Anupam Gupta

 

DEBATE (3)

I consider Saroj Pandey as a most talented Indian Women Politician. Her prominence on the national stage is a matter of immense pride for us! Hope to see you win.

Siddharth Malhotra

 

Good Work

In the Durg Railway Station, to facilitate the facility of the elderly and the elderly, the battery-driven vehicle was re-started. 

Siddharth Malhotra

 

Pre-filled ITR2

Forms A very good idea to start from this financial year. It is very essential and necessary to be successful in schemes like faceless scrutiny and pre-filling of ITR2 forms, the rules should be simple and easy to follow and implement. This can be explained and judged from a very very simple example that the things are not in line. LTCG less than 1 lakh from transfer of equity or equity oriented mutual fund, is tax exempted. It means no tax liability from the tax payers side and no tax revenue for the Govt. but still tax authorities wants all details to be filled in. What is the purpose of such exercise except wasting of man power and time which otherwise can be used for some other useful work. There may be one entry may be fifty entries for which data has to be captured and matched. There are chances of mistakes and a small mistake can create havoc for the tax payers. LTCG under this category should only be asked for reporting purpose not for other details as was being followed till FY 2017-18. There are other are area where Govt, should work for innovative solution to find out the methodologies and procedures to find the real income of professionals like film artists, doctors, lawyers, traders, sports persons, contractors etc. as no tools are available at present to assess the correctness of their income. These are the areas where lot of work and innovation is needed to reduce the leakage of tax revenue instead of spending time in unproductive work like asking for unnecessary details where no tax liability on the assessee. To get away from LTCG complexes is, make LTCG tax free instead increase STT to recover the expected loss of revenue. It is simplest way to collect the tax as it is directly collected at the time of each transactions without disturbing the tax payers. Many such things have to be found out to make the faceless scrutiny and pre-filling of ITR2 successful. All the best to work out for best solution.

Naveen 

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