Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment :: TDS :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: articles on VAT and GST in India :: VAT RATES
 
 
Direct Tax »
 Finance Ministry asks taxmen to submit note on high-pitched assessments
 Businesses in a tizzy over tech glitches in filing GST returns
 Haryana tax department turns lens on shell companies
 CBDT denies data inconsistency over new taxpayers after note ban
 No inconsistency in number of tax payers: CBDT
 India will benefit from growing tax revenue in FY2018
 I-T plans to pursue property-holders who have never filed income tax returns
 Direct Tax Collections up to July, 2017 show Growth
 How True is CBDT’s Claim of Record New Tax Filers?
 Five Questions for Republican Tax Reformers
 CBDT signs nine UAPAs with Indian taxpayers

Central Board of Direct Taxes to promote over 200 officers to clear pending disputes
October, 14th 2014

The Central Board of Direct Taxes has speeded up the process of promoting more than 200 officers to the commissioner level for redressing appeals piling up before the department, a top CBDT official said today.

"Currently, there are 2,50,000 appeals pending before commissioners. We have already disposed of 25,000 appeals during the first six months of the current fiscal," CBDT Chairman KV Chowdary told PTI.

The prime reason behind the department's move is to speed up reddressals after it was asked by the government to dispose of appeals within one year, but it is unable to do so with existing resources, Chowdary said.

He was attending an event at the Indian Merchant Chambers here today evening.

"We are likely to appoint 204 commissioners from among existing officials. Most of them will be deputed to the appeal section, since a number of appeals are piling up and the department is unable to dispose them within the suggested period of one year. The file is pending with the department and shortly they will be promoted," he said.

The department has taken an initiative for the refund of its assesses.

"We have got an electronic banking refunding system as per which refund to the tune of Rs 50,000 will be directly transferred to the assessee's account," he said.

The government as set a target of Rs 7,36,000 crore this fiscal from income tax alone. In the first half of the fiscal, the governent collected Rs 3,46,144 crore as against Rs 3,10,063 crore in H1 of last fiscal.

Chowdary said a demand of Rs 6,00,000 crore has been generated at his department and a substantial portion of which has not been collected as yet.

He also said the government has formed a departmental view committee to tackle those cases where there were contradictory views some of which are advantageous to the department and the remaining ones were disadvantageous.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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