Mission & Vision

Low and voluntary contribution of funds to the government.


Low Tax. Better Service.

Latest News
 Deadline for linking Aadhaar and PAN extended to December 31

NEW DELHI: There is good news for taxpayers as the income tax department has extended the deadline to link PAN with Aadhaar by 4 months to December 31. The department had earlier said that tax returns filed without linking of Aadhaar and PAN would not be taken up for processing unless the two were linked by August 31, 2017. more..

 After implementing GST, government moves to rework direct taxes

NEW DELHI: After indirect taxes, the government has now set its sights on overhauling the 56-year-old direct taxes law covering income and corporation tax as it seeks to make the Indian regime more contemporary and tailor it to current requirements. more..

 Govt extends GST return filing deadline for cos who want to claim credit for past taxes

The deadline for first GST Return, GSTR- 3B, has been extended (states are still coming up with Notifications) to August 28 from its original deadline of August 20. However, one must keep in mind that this is only for taxpayers who opt to use the opening balance of pre-GST credit in the current month. more..

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  • Major Targets

    Expenditure Targets

    1. All expenses accounts of the Government should be transparent and available on the net for everyone to see.

    2. Slim down tax departments to the barest minimum. Merge tax departments to achieve a single window taxation service. Larger tax department results in larger harassment of taxpayers and not in larger tax collections.

    3. All taxpayer funding of public sector enterprises should be stopped forthwith. Inefficiency of one set of people cannot be offset by public fund.

    4. Cut Government advertising and propaganda expenses at least by 50%.

    5. Decentralize government finance down to panchayats. Tax collection and expenses should be decided at the lowermost level, first.

    6. Privatise departments such as Post, Health Care and Education with ample support for Health care and Education rather than running the same with government funds alone.

    7. Close nonperforming / underperforming research departments and instead make use of University research groups to work on research projects with clear delivery schedules and cited projects. This will also improve the education system in the country.

    Taxation Targets

    1. One point tax for all goods and services. Taxpayer should credit only one account for all goods and services.

    2. Single point data collection for the information and intelligence purposes. Multiple audits in multiple names should not exist.

    3. Minimal slabs and straight jacketed tax structures in a form, lay man can understand, should be made. Wherever ambiguity exists in tax laws, those laws should become inactive and repealed with immediate effect.

    4. A blanket moratorium on all tax increases for the next ten years.

    5. Direct taxes for individuals should not be more than 10% and for corporate it should at 15% maximum.

    Income Targets

    1. Proper and effective use of assets with the government to generate revenue.

    2. Set income targets for public sector enterprises and ensure they contribute to the exchequer. This can be realised only through professional management of these enterprises. Generalist management and public service interference of these enterprises should be stopped.