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 :: VAT Audit :: TDS :: cpt :: form 3cd :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Direct Tax »
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961
 Banks must furnish information on accounts that have seen deposits over 2.5 lakh: CBDT
 Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Karnataka & Goa I-T circle looks at 28% growth in tax collection
January, 19th 2012

The Karnataka & Goa circle of Income Tax (I-T) Department is looking to collect Rs 51,000 crore during Fy12, an almost 28 per cent increase from Rs 40,000 crore collected during the last fiscal. This circle, the third largest in country after Mumbai and Delhi, is also eyeing to smoke out as much as Rs 1,500 crore through the tax evaders during this fiscal, after unearthing Rs 1,300 crore during the last fiscal.

Pravin Kishore Prasad, Director of Income-Tax (International Taxation, Bangalore), told reporters in Bangalore on Wednesday that there are issues of manpower resources in taking forward this work of the income tax department.

In 1999, when the direct taxes collections were at Rs 46,600 crores, the total working strength of the I-T Department was about 61,000 personnel; whereas when the department is going to collect more than Rs 500,000 crores, the total strength of all officers and staff is only at around 55,000. This explains the urgent need to augment the human and physical resources in the I-T department, Prasad said.

According to him the proposed Direct Taxes Code (DTC) is expected to improve the voluntary compliance and will lead to more resource mobilisation. During Fy11, the I-T department had collected Rs 4,46,000 crore and this is expected to touch Rs 5,32,000 crore. As per projections of the 13th Finance Commission, the direct tax collections in India will be Rs 830,000 crores by 2014-15, he noted.

Prasad was of the view that computerisation will help to a certain extent given the fact that enforcement of paying of taxes cannot be automated. The work load is peaking and only some work such as data-entry can be outsourced. Enforcement cannot be outsourced, he added.

Prasad also added that these issues and other aspects such as issues relating to the structure, vision and roadmap for the department, infrastructure augmentation and other service matters so as to prepare the Service and the Department in the years to come, will be discussed at the forthcoming two day all India convention in Bangalore which will be during January 20 & 21.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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