https://www.taxtmi.com/article/detailed?id=688 The article recommends result oriented tax and administrative reforms: lower and simplified indirect tax rates with selective exemptions to boost consumption; accelerated depreciation and investment incentives for buildings, machinery, rental property and agricultural equipment; raised monetary thresholds for tax audits, cash payments and TDS applicability to reduce compliance burdens; abolition of MAT and wealth tax as inefficient levies; conversion of certain rebates into upfront deductions; PAN based declarations with selective return checks; mandatory social spending by religious institutions; and penalties for officers disregarding binding higher court law. en-us Fri, 19 Feb 2010 00:00:00 +0530 Fri, 19 Feb 2010 10:44:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=688 The article recommends result oriented tax and administrative reforms: lower and simplified indirect tax rates with selective exemptions to boost consumption; accelerated depreciation and investment incentives for buildings, machinery, rental property and agricultural equipment; raised monetary thresholds for tax audits, cash payments and TDS applicability to reduce compliance burdens; abolition of MAT and wealth tax as inefficient levies; conversion of certain rebates into upfront deductions; PAN based declarations with selective return checks; mandatory social spending by religious institutions; and penalties for officers disregarding binding higher court law. Articles Income Tax Fri, 19 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=688