Tuesday, 19 September 2017

Self-reporting of estimates of current income/tax payments/advance tax liability by taxpayers on voluntary basis


Income Tax India just Tweeted :
CBDT to create mechanism for self-reporting of estimates of current income/tax payments/advance tax liability by taxpayers on voluntary basis.
May be applied from next FY. Simple interpretation what I understand, Next Time Just Depositing Advance Tax would not be enough. You'll have to Explain/Justify/Submit Provisional Computation, and Remember, It will not be a Bank/VC, But Income Tax Office. What would be benefit of all this, God knows ? Because Dishonest or Corrupt people don't pay any tax  on their Income, and who pay, they have to prove their honesty again and again ................... ! 
मोदी जी को एक सलाह देना चाहूँगा बल्कि विनती करूँगा कि Sir क्यों नहीं हर company मे सरकार एक अपना auditor appoint कर देती, सरकार का अपना आदमी, इससे उन्हें Real Time Information भी मिलती रहेगी और बहुत सारे बेरोज़गार भाई बहनों को काम भी मिल जायेगा।

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