https://www.taxtmi.com/news?id=898 Proposes a streamlined regime for SALARY INCOME treating all employer payments, cash or in kind, as a single taxable remuneration taxed at special lower slab rates to remove perquisite valuation, exemptions and deductions, and reduce administrative burden. Recommends abolishing short/long term capital gains classification, granting indexation for assets held over two years with separate rates for nominal and indexed gains. Suggests taxing all income without statutory heads, applying special rates for salary and capital gains, and mandating PAN from birth as a single tax identifier. en-us Sat, 20 Jun 2009 10:55:15 +0530 Sat, 20 Jun 2009 10:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=898 Proposes a streamlined regime for SALARY INCOME treating all employer payments, cash or in kind, as a single taxable remuneration taxed at special lower slab rates to remove perquisite valuation, exemptions and deductions, and reduce administrative burden. Recommends abolishing short/long term capital gains classification, granting indexation for assets held over two years with separate rates for nominal and indexed gains. Suggests taxing all income without statutory heads, applying special rates for salary and capital gains, and mandating PAN from birth as a single tax identifier. News - Sat, 20 Jun 2009 10:55:15 +0530 https://www.taxtmi.com/news?id=898