Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: cpt :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India
 How to invest in the new LTCG tax regime
 5 Tips to help you save tax

Karnataka finance panel report likely by June-end
January, 11th 2008
Incentives to local bodies mooted for tax collection


The Finance Commission thinks that there is a need to shift some government programmes in the State sector to district sectors, through zilla panchayats, for better implementation.


The village panchayats and urban local bodies (ULBs) in Karnataka may be rewarded with incentives if they show better performance in tax collection. Such a move is being planned by the Third Finance Commission of Karnataka, which is likely to submit its report to the Government by June end.

Addressing presspersons here on Thursday, Mr T. Thimme Gowda, Member of the Third Finance Commission of Karnataka, said that some of the ULBs and village panchayats have better tax collection records.

Such bodies should be recognised and given incentives. This will encourage others to perform better.

The commission is planning to recommend incentives to such village panchayats and ULBs in its report, he said. Stating that only village panchayats and ULBs can fix and collect tax, he said there is a need to revise the taxes on a scientific basis. Referring to ULBs, Mr Gowda said there is scope for increase in the revenue collection of ULBs. The implementation of self-assessment system of tax collection has helped in increasing the revenue of ULBs.

Asked when the commission is planning to submit its report to the Government, he said the report will be given by June 30. Till now, the commission has held meetings in 24 districts as part of preparing its report.

Plans for districts

The Finance Commission thinks that there is a need to shift some government programmes in the State sector to district sectors, through zilla panchayats, for better implementation.

Developmental plans should be made at the district level, and district planning committees should be activated in this matter, he added.

Earlier in the day, the commission members held a meeting with the officials of ULBs.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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