08/01/2025
Income tax formed no of comities for Simplicity of
IT act please forward to them
if possible by you !!
Please post at your all contact
to be taken up in this budget !!
Tax Deducted At Source ?
This is charity by tax payers to pay others tax to Government
and they invest so many man hours for the compliance of their national duty !!
However their can be simpler way to collect income tax in advance @
All receipts in your bank account
also consist of wages profit and mislanious income apart from other receipts
So bank can deduct small percentage of creadit receipts of account holder and generate advance income tax paid by them . Which can be claim from IT department from time to time by tax pyres .
This will avoid all the manipulation .
Also simplified as no need to reconcile of tax deposited from verious persons on your behalf !
Capture Auto Tax Collection
Explains in detail
Theory of Simplicity