Are we a Non Tax Compliant Nation? : A New Perspective

The big myth on Income Tax Payers in India 

Data from Chartered Accountants'/Company Secretaries and other professional bodies and groups..

FM said during her a budget speech that we are largely a tax 'non-  compliant' society and presented that only 3.7 crores are filing ITRs  in this poor country of 125 crore population. 

The reply by CAs ,CSs,CMA,s 

Madam, 
We have 82 crore voters out of which, 

- 75% are agriculturists ie. 61.5 crores ( You exempted them straight away, but they can also buy cars , bungalows etc. as you quoted.. Your political colleagues are also enjoying this exemption) 

Balance remains... 20.5 crores 

Less:24% BPL class ( Below poverty line) 

Means 15 crore population ( which is nonagriculturist and non-BPL) .. 

Less: Senior Citizens, Nonworking wives, unemployed youths, below-taxable income earners... political class.. (say 75%) ... in a typical Indian family only 1 earning member and 5/6 are dependent on him... 

Balance: (15-11.25)=3.75 crores are the earning class ... which can file ITRs and ... they are already filing it... 

.... So almost no gap as FM is stressing unnecessarily without knowing her country 

if FM wants more people to come into tax net ... then... instead foolishly resorting to rampant raids, surveys, notices, scrutiny, demonetizations etc viewed as a tax terrorism ... she should defy her negative bureaucrats and ....... 

1. Introduce simple Income Tax on Agricultural Income on large landlords ( Say 10 Acres plus ) - you can add 26% of Agriculturists as taxpayers ( Politicians are also enjoying this exemption ) 

2. Instead of introducing 5000 /10000 penalties on late filers of IT return ... come out with a positive approach and introduce incentives to IT return filers ( learn from Pakistan, IT assessee gets discount in the purchase of Car ) 

3. Introduce Privilege card to those paying taxes above a certain limit.. privilege card to entitle assessee with benefits like Priority quota in railway tickets, Use of airport lounges, subsidized medical facilities, etc etc... let Tax payers feel proud 

4. Introduce medical insurance/life insurance on basis of average ITR filled... like coverage upto twice of Gross Income in ITR filed for mediclaim and ten times risk cover in case of life insurance 

5. Introduce Pension after 65 yrs of age on the basis of tax paid by taxpayer during his/her working life.. 

Let honest taxpayers get certain direct benefits.... 

As of today, 3.3% of Indian population is filing ITRs as compared to 8% of China...adding large agriculturists to Income Tax may shoot the figure to more than 10%... it may help you to cool your tax terrorism mindset and a tax compliant nation ... 

LET'S SPREAD THIS TO EDUCATE HONEST TAXPAYERS

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