nagpur tax professionals want the government to bring down inspector raj which they say has increased following demonetization it is also expected that the government may come up with a levy on cash withdrawals after a certain limit to encourage cashless deals toi talked to a crosssection of chartered accountants dealing in direct taxes to get their view the government may bring a levy on cash withdrawals over rs 50000 at the same time there can be some incentive on digital payment said julfesh shah who heads the institute of chartered accountants of indias icai committee on economic affairsshah expects finance minister arun jaitley to bring back the standard deduction for salaried employees this will be done to provide deduction for expenses like conveyance and other heads he said naresh jhakotia a ca said its time that government increases the upper limits for exemptions since a long time the limits on interest towards home loans mediclaim and other investments have not been hiked at present the overall level of rs 25 lakh is too less for the salaried class he saidjhakotia who also heads the via taxation forum said the hike is needed to offset the lack of enough social security schemes for the salaried classthere has been a spurt in searches and surveys by the income tax department especially after demonetization tax compliance can be ensured through the systems rather than using obtrusive methods like income tax raids said kailash jogani a chartered accountant and the president of the nagpur chamber of commerce limited nccljogani said income tax laws also need to be simplified to make compliance easier the bjp government is expected to stick to the policy of not issuing amendments in retrospect the amendment that unaccounted wealth probed by the income tax department will attract 75 tax is effective from 2016 it should have been from the coming financial year he addedrajesh loya the former chairman of the nagpur branch of icai said the government must relax the limits for tax deduction at source tds the bigger need is to have easier tax laws under the current circumstances businessman are too busy understanding the finer points of taxation than focusing on the core business itself he saidsameer bakre a chartered accountant called for moves to stimulate private investment the government should also increase the funds for startups and bring moves towards recapitalization of banks he said