for goverment employees- if involved in investment of mutual fund may need serious attention for heavy tax rebate other than norman tax rebate because it is only for their sustainability in tough competitive phase of time. It is possible to review the matter by FM AND HIS CO for atleast up to two lakhs investment in mutual fund, no tax should be asked in addition to present benefit of tax structre. e-filing and e-return should be effectively implemented. how can you compare with govt employees with other players who invest in low risk and high return mutual/equity/unit klinked plan.
If E-tax payment is compulsary than E-refund needs also to be introduced. Refund cheques go to the tresuary lot of times and Bank deduct charges for extra sending of cheque to tresuary Bank.
To promote online tax filing provide discount for online tax filers. Also reduce the cost of obtaining digital signatures and increase the validity duration of the digital signatures. Currrently digital signature is valid only for one year ie for one filing. Make the validity like that of a credit card or so....renewable every 3 or 5 years. Remove the need to get the acknowledgement signed at a Income tax office for online filers
RE:Provide discount and reduce cost of digital signatures
by nsca on Jan 04, 2008 09:30 AM Permalink
Good suggestion!!!!!!!!. As it is govt will save on employment cost which otherwise they would have employed for accepting returns and collecting taxes.
RE:E-tax payment
by Gautam Sinha on Jan 08, 2008 06:50 PM Permalink
It was a nightmare for CAs 2 diwalis earlier when they introduced crap e filing systems.
