https://www.taxtmi.com/article/detailed?id=7186 Proposals focus on curbing corruption and black money by restoring a wealth tax, taxing informal trades and political funds, strengthening audits of trusts and societies, and using recovered funds for development. They call for income tax simplification by raising the basic exemption, consolidating tax slabs, increasing deduction limits, removing multiple exemptions and rebates, instituting a five year targeted administrative plan to prioritize high value evasion investigations, waiving small pending individual demands, and improving institutional capacity and citizen facing government services. en-us Fri, 06 Jan 2017 13:26:37 +0530 Fri, 06 Jan 2017 13:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7186 Proposals focus on curbing corruption and black money by restoring a wealth tax, taxing informal trades and political funds, strengthening audits of trusts and societies, and using recovered funds for development. They call for income tax simplification by raising the basic exemption, consolidating tax slabs, increasing deduction limits, removing multiple exemptions and rebates, instituting a five year targeted administrative plan to prioritize high value evasion investigations, waiving small pending individual demands, and improving institutional capacity and citizen facing government services. Articles Budget - Tax Proposals Fri, 06 Jan 2017 13:26:37 +0530 https://www.taxtmi.com/article/detailed?id=7186