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: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: form 3cd :: VAT RATES :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
Placements & Empanelment »
 New Opening Accounts Executive, Chartered Accountant (CA)
  New Opening Assistant Manager/manager-accounts (chartered Accountant)
 New Opening Deputy Manager/asst Manager - Finanace
 New Opening Manager-finance & Accounts( Chartered Accountant-CA
 New Opening Assistant Manager/manager-accounts (chartered Accountant)
 New Opening Chartered Accountants for a Large Conglomerate
 New Opening Manager-finance & Accounts( Chartered Accountant-CA-south Indian only
 New Opening Chartered Accountant for Construction Industry Vijaya Management services hiring for Client Company
 New Opening Chartered Accountant Knack Packaging Pvt. Ltd.
 Vice President - Financial Reporting - JPMorgan Services India Pvt. Ltd
 New Opening Assistant Tax Manager / Tax Executives

CBDT asks I-T to tap over 5L taxpayers who didn't file returns
October, 31st 2014

As part of efforts to boost revenue collection, CBDT has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.

The electronic database and systems unit of the Central Board of Direct Taxes has issued an official communication in this regard to all Chief Commissioners of the department to initiate action.

The department, at present, is looking at measures to bolster the revenue collection work with Finance Minister Arun Jaitley holding a review meeting in this regard yesterday with the I-T top brass.

"It has been noticed that 5,09,898 taxpayers who have submitted an e-return of Assessment Year 2011-12n 2012-13 or 2013-14 (upto October 20, 2014) with returned income of more than Rs 10 lakh or paid self assessment tax of more than or equal to Rs 1 lakh (as per Income Tax Return) have not filed their ITR for the Assessment Year 2014-15," the communication to the Chief Commissioners stated.

The CBDT, it said, has desired that all Chief Commissioners should "personally monitor these cases."

A senior I-T officer said the department will soon issue a communication to these taxpayers to file their returns or else give a reasons for not doing so. The government has fixed direct tax collection target of over Rs 7,36,221 crore for 2014-15, which is 15 per cent higher than the last fiscal's revised estimates.

The I-T department is witnessing a slight dip in collections in view of less TDS remittances as compares to the last time and issuance of large amounts of refunds, and hence it is training its guns to tap all sources of revenue to fill up its kitty and meet the government's targets.

"The situation is challenging but the department is sure it will meet the targets and expectations in this regard," the officer said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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