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 :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT Audit :: form 3cd :: empanelment :: articles on VAT and GST in India
 
 
News Headlines »
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps

FM`s advisor Shome quits just ahead of Budget
December, 28th 2007
Dr Parthasarathi Shome, advisor to finance minister P Chidamabaram, has resigned and will be leaving the ministry in January, two months before the budget for 2008-09.
 
The resignation has been accepted by the prime minister.
 
Shome joined on October 1, 2004, for three years and his tenure had recently been extended till October 2009. However, he has decided to move on, sources in the finance ministry told Business Standard, saying he had not decided which of the options open before him will be exercised.
 
With his departure, the team making Budget 2008-09 will be significantly different from the one that made Budget 2007-08 (the chief economic advisor, revenue secretary and finance secretary are all new to their present posts and were not present when Budget 2007-08 was made).
 
Among Shomes main contributions during his stint in the finance ministry has been his work that paved the way for introduction of the value-added tax (VAT) at the state level in April 2005, something previous Union governments had been struggling with for several years.
 
He found himself in the hot seat after the 2005 Budget the only budget during the United Progressive Alliance (UPA) tenure that made significant changes on the tax front.
 
He was part of Chidambarams team that faced flak for introducing two controversial taxes the fringe benefits tax and the banking cash transaction tax (BCTT).
 
Shome is co-convener of a committee that is working towards the introduction of a goods and services tax and is the chief architect of a report on it, which is pending with the empowered group of state finance ministers (on which he is a permanent invitee).
 
Shome also headed a committee for computerisation of the income tax department and represented the department of revenue in the Prime Ministers Trade and Economic Relations Committee.
 
He headed finance ministry delegations to the OECD Conference on Taxation Issues to Seoul, Korea, in September 2006, and to Brazil on the use of information technology for the department of revenue in March 2007.
 
 
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 Experience

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