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: VAT RATES :: form 3cd :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: cpt :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT Audit :: articles on VAT and GST in India :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you

IT offices experimenting new approaches: CBDT Chairman
November, 20th 2009

With the effects of economic recession receding and manufacturing activity rising, the Chairman of the Central Board of Direct Taxes (CBDT), S.S.N. Moorthy, expressed hope that this fiscals target of Rs. 3.70 lakh crore in Direct Taxes will be achieved.

The Direct Taxes Collection last year was Rs. 3.38 lakh crore. The current years ambitious target set by the Union Finance Minister (Pranab Mukherjee) would be achieved, he said. He was addressing a meeting organised here on Thursday by the Madurai Branch of Institute of Chartered Accountants of India.

India has not faced the problems of recession as severely as the Western countries and so, I am sure that with cooperation of Chartered Accountants, the targets could be achieved, he said.

The growth rate, which was hovering around 3 to 4 per cent, should increase to more than 12 per cent in order to achieve the target, he said.

He said, At present we are in the midst of change when compared to the earlier periods, entering new systems, economic scenarios and environment. Apart from resource mobilisation, the IT department had another face of providing services such as processing returns on time and issuing refund dues.

Admitting that some delay exists, Mr. Moorthy said that they were the result of moving from a two-tier to three tier system. He also said that the Department was moving towards Sevottam, which is a model for benchmarking excellence in public service delivery.

The assessee is being looked upon, apart from being a taxpayer, as a customer who requires certain services. Experiments were being done at Pune, Chandigarh and Cochin where the IT office has a front office that will take care of documentation, give acknowledgments and get back to the tax payer within a timeline without him having to approach the office, he said.

The ambience at IT offices was also being improved. Speaking about the draft Direct Tax Code, he said that it would definitely come into force in a few years but with some modifications, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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