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: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

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 2017 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