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| Discuss Income Tax exemptions Under Review -Your Comments at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi All Members Government has proposed removal or continuance of varioue exemptions given in income ... |
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#1
19th May 2006, 09:11 PM
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Income Tax exemptions Under Review -Your Comments
Hi All Members
Government has proposed removal or continuance of varioue exemptions given in income tax. These have serious implications for various stakeholders including those who are traders/investors/ companies and many more class of assesses. Document was 147 kb so I zipped it and attached it. Heading circulat is given below. You may view the full circular and wonder at GOI's ingenuity and bureaucratic stupidity and send your comments by 5th July , 2006 to jstpl1@nic.in. if you feel like. After july06 this might cause another correction in market so do give your comments now. Pankaj  F.No. 149/124/2006-TPL(Pt.) Department of Revenue Central Board of Direct Taxes Tax Policy & Legislation Division Comments regarding removal or continuance of exemptions and deductions under the Income Tax Act, 1961. Government is committed to simplify the tax laws, minimize the distortions within the tax structure and broaden the tax base. In this context, tax incentives in the form of various exemptions and deductions are being reviewed. Government is keen to involve all stakeholders in this exercise. Accordingly, existing exemptions and deductions under the Income Tax Act, 1961 are listed below and comments with supporting rationale for their removal or continuance may be sent by e-mail or post by 5th July , 2006 to: Ms. Anita Kapur, Joint Secretary, TPL-I, Room No. 147-B/I, North Block, New Delhi. e-mail: jstpl1@nic.in or Ms. Monica Bhatia, Director, TPL-I, Room No. 147-D, North Block, New Delhi. e-mail: dirtpl1@nic.in or Ms. Pragya S. Saxena, Director, TPL-II, Room No. 147-E, North Block, New Delhi. e-mail: dirtpl2@nic.in 
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#2
22nd May 2006, 11:32 PM
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Re: Income Tax exemptions Under Review -Your Comments
Hi
I Hope that many members are sending their comments. Check your area of concern and reply to them. At least you would have spoken. Pankaj
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