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: ACCOUNTING STANDARDS :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT Audit :: cpt :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 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
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax

Income Tax Dept sets up panel to simplify tax law
November, 05th 2015

The Income Tax Department on Tuesday announced that it has set up a committee in order to simplify the provisions of the Income Tax Act, 1961. The committee will be chaired by Justice R.V. Easwar, a former Judge of the Delhi High Court and former President, Income Tax Appellate Tribunal.

The committee’s objective is to study and identify the provisions or phrases in the Act that are leading to litigation due to different interpretations, that are impacting the ease of doing business, and those that can be simplified.

The committee is also tasked with suggesting alternatives to these provisions or phrases “to bring about predictability and certainty in tax laws without substantial impact on the tax base and revenue collection”, the Central Board of Direct Taxes said in a release.

Members of the committee include accountants, advocates, and current and former bureaucrats from the Indian Revenue Service.

e-sahyog

In a separate bid to simply tax issues, Finance Minister Arun Jaitley on Tuesday launched a pilot project of 'e-sahyog', an initiative by the Income Tax Department to provide an online portal to help taxpayers resolve any mismatches in their returns without having to visit the Income Tax Department offices.

“Under this initiative the Department will provide an end to end e-service using SMS, e-mails to inform the taxpayers of the mismatch. The taxpayer will simply need to visit the e-filing portal and log in with their user-ID and password to view mismatch related information and submit online response on the issue,” the Income Tax Department said in a release.

Mr Jaitley on Tuesday also inaugurated a two-day drive to increase the penetration of PAN cards by holding special PAN camps in remote areas. Under this drive, special PAN camps are being held over two days at 43 remote semi-urban and rural locations. More such camps will be held through the year.

“The camps will ease the burden of compliance for persons residing in remote semi-urban and rural areas who wish to enter into transactions of purchase or sale above Rs 1 lakh,” the release said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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