Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: due date for vat payment :: TDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT RATES :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return

I-T dept working on centralised returns processing
October, 03rd 2006
The income tax department is working on an action plan for centralisation of processing of tax returns for salaried taxpayers. According to a proposal, the processing of tax returns could be reduced from around four months at present to 60 days. The aim is to cut short the wait for income tax refunds. "The idea is to set up five or six centres in the country which will receive and process tax returns. Having centralised offices to process returns will help the income tax department to dedicate only a portion of its total staff for the purpose and utilise its remaining staff for other activities like investigation and assessment," a finance ministry official said. If the proposal is approved, around 20 per cent of the department's existing staff of around 55,000 will be dedicated to undertaking tax returns processing. Of the total returns received by the department, nearly 40-50 per cent are salaried returns. The processing of returns will be aided by outsourced data entry operators. Officials said a pilot project for undertaking centralised processing had been in operation at Mumbai for the last two years and the results had been very encouraging. There is, however, also a view within the ministry that the centralised processing system may not work in India unless all the returns are filed electronically. "Since there will only be centralised centres for processing the returns, the returns will have to be physically transported to these centres," an official said. But supporters of the proposal point out that the problem can be resolved if the income tax department extends the network of post offices in the country which will accept the tax returns.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions