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 :: due date for vat payment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company
 
 
« Indirect Tax »
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017
 Why tax radar may detect your cash deposits after Nov 8
 Income tax notices to religious, charitable trusts
 ICAI starts course on accounting technicians
 More trouble ahead as Tata Trusts get I-T summons for tax avoidance

Centre Approves Tax Centre Contract Extension to Infosys
December, 11th 2014

The Government on Wednesday approved the revised project cost and extension of contract for the Centralized Processing Centre of the Income Tax Department at Bengaluru to Infosys by two years up to September 2017.

The proposal was approved by the Union Cabinet at a meeting this evening.

"This would be after the end of the existing contract period on September 30th 2015 and for revision of the CPC project cost to Rs 1,078.59 crore," an official statement said after the Cabinet meeting.

"This decision has significant benefits for the Department and taxpayers, including, better taxpayer services, savings in interest outgo, better recovery of outstanding tax payments, and freeing up departmental manpower for handling higher scrutiny and investigation work.

"The decision will ensure horizontal equity by processing almost all returns filed by all categories of taxpayers across the country in a consistent, uniform, rule driven, identity blind manner. This will assure fairness in tax treatment to every taxpayer irrespective of their status," it added.

The Centre helps enable faster processing of returns and issue of refunds to the taxpayer's bank account directly without any interface with the Department.

It also provides processing status updates and speedy communication using email, SMS and on the Tax Department website. The government said that the decision to extend the contract and revise the project cost "will ensure transparency and accountability".

"The proposal ensures the continuation of the Department`s goal towards business transformation through technology. The CPC has enabled end to end automation of all processes within the Department using various innovative methods to provide taxpayer services and to promote voluntary compliance," it added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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