Further, tax payers
can save time as they can now generate their e-challan and make payments in a single step process at the Bank's new digital tax collection centre.
"A number of big enterprises divided their business into several smaller companies to become simplified tax payers
, and thus avoiding paying other taxes [legal entities are exempt from VAT, profit tax and property tax, while individuals do not pay VAT and income tax]," the ministry said.
On amount of contracts, the non-filers pay 15 percent tax against 7.5 percent tax paid by the filers and active tax payers
pay 15 percent tax on prize money of prize bonds whereas non-filers pay 25 percent tax on the same.
Likewise non-filers will have to pay 20 percent tax on their dividends (company's profit) against the 15 percent tax paid by active tax payers
A new lower rate of three percent has been introduced and applies to tax payers
who meet certain conditions:
are required to log-in to the website of the directorate of Treasury and Inspection https://www.odishatreasury.gov.in/echallan to generate a challan, after putting in details of tax payments.
The MEP (We Demand a Referendum Party) said: "This flagrant waste of tax payers
money is nothing short of disgusting when we are cutting back on vital public services here in the West Midlands.
This would save Merseyside and the tax payer
lots of money instead of flushing it down the drain.
A simplified application procedure should be instituted in order to encourage the tax payers
to apply for an AIFS.
Provisional tax payers
have become subject to onerous conditions and failure to comply with them is sanctioned with severe penalties and interest.
With the latest ATF initiative, Taxsmile offers tax payers
Multiple Channels of Tax filing.
Conflicts between the State Tax Service and tax payers
become more frequent lately, Tatiana Kim, chair of the public supervisory board at the State Tax Service and the Chair of the Chamber of Tax Consultants, told a press conference in AKIpress today.