The survey system is already in “deep trouble” and given the increasing instances of such attacks, conducting household surveys with the Census as the frame would be “very tough” going ahead, said Pronab Sen.
In an interview to The Indian Express, Somanathan — who earlier served in the Prime Minister’s Office for over two years and then was posted as Principal Secretary with the Tamil Nadu government — said the government didn’t want to do anything “imprudent”.
With heightened polarisation, it’s easy to cite Kashmiri Pandits, either to evoke hatred or to paint them with one brush of Hindutva. But, what have they done in these 30 years? Have they picked up guns? Have they incited violence?
New Income Tax slabs: In absolute terms, out of 5.78 crore tax filers, about 5.3 crore (91.7 per cent) claimed deductions of less than Rs 2 lakh, including those under section 80C, Section 80D, section 80CCD(1B) (additional deduction of NPS), deduction for housing loan interest and standard deduction in 2018-19.
Pandey said a progressive and graded income-tax system is internationally considered to be one of the best practices, and differs from the indirect tax system, where the aim is to lower the number of tax slabs to reduce complexities.
At present, Section 132 of the CGST Act treats supply of goods and services without issuance of any invoice, issuance of any invoice or bill without supply of goods or services, collection of tax but non-payment to government as non-bailable and cognizable offences.
The Union Budget for 2020-21 has proposed a combined cap of Rs 7.5 lakh for the employer’s contribution to these three categories of payouts, with the amount over and above this to be taxed in the hands of the employees.
For the next year, the government is relying heavily on non tax revenue – for example, target for disinvestment receipts is up more than three times at record Rs 2.1 lakh crore in 2020-21 – to bridge the revenue gap.
The Centre is also expected to miss on its target from disinvestment collections. In this year’s Budget, the government has set a disinvestment target of Rs 1,05,000 crore, compared to Rs 80,000 crore in 2018-19. However, the Centre has raised only Rs 18,094.59 crore so far.
As of now, the government does have a calender for release of data sets such as national accounts, Index of Industrial Production and inflation. But there are no specific timeline for release of labour force statistics and consumption expenditure surveys.
The committee, in its first meeting, did a stock taking exercise, taking note of the present datasets, one of the members said. Detailed presentations were made on Annual Survey of Industries, the member added.