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: articles on VAT and GST in India :: list of goods taxed at 4% :: cpt :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: form 3cd :: VAT Audit :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

I-T dept has no record of tax collections for 2 months
December, 07th 2011

The Income Tax (I-T) department has no record of its performance over the last two months. This is because of the ongoing nationwide agitation by I-T officials - from the level of income tax officer (ITO) to assistant commissioner of income tax (ACIT)/ deputy commissioner of income tax (DCIT).

To mark their protest, they are not submitting the Central Action Plan (CAP) report for October and November. The report indicates the trend in direct tax collection and determines growth.

More than 8,000 officials across the country, and 1,000 in Mumbai, went on a strike from Monday, protesting against pending promotions over the last two years. They have decided to sustain the agitation till an amicable solution is reached with the Central Board of Direct Taxes (CBDT), the apex body of the I-T department. They have refused to participate in surveys and search operations.

Officials from various assessment charges prepare the CAP report on a monthly basis, which is submitted to the CBDT in the first week of the subsequent month. "The absence of the latest CAP report would create problems in framing policies for the finance ministry, as the exact record of tax collection is not available," said a senior I-T official.

The report indicates the number of cases assessed, worth of tax demands raised, and amount of tax demand collected. It also gives the amount of refunds issued, which is deducted from the gross tax collection, to arrive at the net collection figure.

The CBDT on Monday verbally assured that the promotions would be cleared by the end of the month, but protesting officials refused to budge saying that they wanted a written communication.

The Income Tax Gazetted Officers' Association (ITGOA), which represents these officials, will hold another round of meetings with CBDT chairman MC Joshi on Wednesday.

Confirming that the CAP reports had not been submitted, Rajesh Menon, secretary general, ITGOA said that Wednesday's meeting would decide the course of action. "We will end the protest if our demands are met," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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