Eight agencies to monitor social media
The Central government had authorised eight agencies to monitor the comments and opinions posted on social media platforms including e-Mails and WhatsAp chats even when encrypted. Under the circumstances how can you guarantee that the communication to you will remain confidential despite your promise that your lips are sealed.
Paarth Garg
Finance Ministry working very hard
Finance Minister and Finance Ministry is already working very hard to come up from crisis due to Covid-19. The last date for filing income tax returns have been extended to 30th November, 2020. Finance Minister is taking normally a broad view to deal with the situation. A scheme Vivad se Vishwas was launched and the date for the cases have also been extended. Actually this scheme should not only be considered as a scheme but it should be the vision of the department to create positive TRUST FACTOR. A positive trust factor has to be created between tax administration and tax payers. If trust is created, number of cases will get resolved and there will be increase in number of return filers so the revenue. but it does not look be so. Still there is fear in the mind of tax payers as the old incidents are still fresh in the mind of tax payers. It can also be judged by the less number of tax return filers. ITR forms for fy 2019-20 have been released but it looks surprising why ITR 1 does not include Sec.112 A for showing exempt income in pull down menu. Most of the salary class and pensioners including house wives are filing returns using ITR1 but unable to report tax exempt income under Sec.112A. When there is no tax liability why to file tax return using ITR2 creating unnecessary trouble by making some mistakes. It shows that tax authorities still to follow the spirit of creating Vishwas. Revenue Secretary and Finance Minister to make sure that Sec.112A is brought in ITR1 for reporting exempt income otherwise it will show that MInistry has no seriousness to create TRUST between tax administration and tax payers. Why create Vivad then resolve it. It is not healthy trend. Need to know should be the moto. Let us have a trust then proceed. It may require for the change of mindset of tax authorities and work as a guide to the tax payers. Finance Minister will definitely consider the relief to tax payers who are filing ITR1 has a provision to report exempt income under Sec.112A. Let us hope for the creation of Vishwas between tax administration and tax payers.
Naveen
Paarth Garg
Finance Ministry working very hard
Finance Minister and Finance Ministry is already working very hard to come up from crisis due to Covid-19. The last date for filing income tax returns have been extended to 30th November, 2020. Finance Minister is taking normally a broad view to deal with the situation. A scheme Vivad se Vishwas was launched and the date for the cases have also been extended. Actually this scheme should not only be considered as a scheme but it should be the vision of the department to create positive TRUST FACTOR. A positive trust factor has to be created between tax administration and tax payers. If trust is created, number of cases will get resolved and there will be increase in number of return filers so the revenue. but it does not look be so. Still there is fear in the mind of tax payers as the old incidents are still fresh in the mind of tax payers. It can also be judged by the less number of tax return filers. ITR forms for fy 2019-20 have been released but it looks surprising why ITR 1 does not include Sec.112 A for showing exempt income in pull down menu. Most of the salary class and pensioners including house wives are filing returns using ITR1 but unable to report tax exempt income under Sec.112A. When there is no tax liability why to file tax return using ITR2 creating unnecessary trouble by making some mistakes. It shows that tax authorities still to follow the spirit of creating Vishwas. Revenue Secretary and Finance Minister to make sure that Sec.112A is brought in ITR1 for reporting exempt income otherwise it will show that MInistry has no seriousness to create TRUST between tax administration and tax payers. Why create Vivad then resolve it. It is not healthy trend. Need to know should be the moto. Let us have a trust then proceed. It may require for the change of mindset of tax authorities and work as a guide to the tax payers. Finance Minister will definitely consider the relief to tax payers who are filing ITR1 has a provision to report exempt income under Sec.112A. Let us hope for the creation of Vishwas between tax administration and tax payers.
Naveen