AVOID COMPLICATING INDIAN INCOME-TAX LAW

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PRAYER TO SCRAP CBDT TO AVOID FURTHER TINKERING TO INCOME-TAX LAW THAT MAKES IT MORE & MORE COMPLICATED IN FUTURE

Original Income-Tax Act, 1961 was well drafted by learned officials in Finance Ministry and it was capable of meeting the expectation of the Govt. in all future events, except requiring amendments for events/changes taking place in this 21st Century. India Central Budget 2017 has made the Income-Tax law still more complicated. One side Income-Tax Deptt. says that only assesses e-mail address should be provided to enable them to file returns voluntarily. On the other hand, CBDT amending Income-Tax law in such a way that compliance of return filing should be given through Super Specialist in Income-Tax law. There is no correlation between intent and action of Central Board of Direct Taxes. Simplification of Income-Tax law and Citizen Charter are only guise.  Income-Tax is a direct tax, paid out of the pocket of assessee. Whereas Indirect tax is a collected tax and the assesses act in fiduciary capacity. Govt. definitely cannot take stringent policy decisions for assessment, inspection, levy and recovery of direct tax in the lines of Indirect taxes. Indian Income-Tax law has become one of the most complicated direct tax law in the world. This is evident on comparing the latest size of the statute book of Income-Tax Act with that published in 1962. Therefore, it is prayed before the Prime Minister and also Minister for Public Grievances to scrap Central Board of Direct Taxes with immediate effect to avoid further tinkering to Income-Tax law.

 

 



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