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 INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: empanelment :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARDS :: cpt :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
Direct Tax »
 FinMin may review tax regime on long-term capital gains
 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

Top-level vacancies frustrating tax targets: CBDT
February, 04th 2010

With just three weeks to go for India's national budget for next fiscal, the finance ministry has called for urgent steps to fill top-level vacancies in the direct tax administration as delays were affecting the realisation of targets.

Central Board of Direct Taxes (CBDT) Chairman S.S.N. Moorthy has even written to the chairman of Union Public Service Commission requesting an urgent meeting of what is called the departmental promotion committee for filling up the vacancies.

In the letter, Moorthy says after the recent promotion of some officials to the grade of chief commissioners, the vacancies in the posts of commissioners of income tax had gone up to as high as 71.

Some of these vacancies are in key circles of the tax administration in large metros such as Mumbai, New Delhi and Chennai, which account for the bulk of the country's direct tax collections.

Needless to say, this is adversely affecting the efforts of the department in meeting the revenue collection targets, the tax board chief says in the letter to Union Public Service Commission Chairman D.P. Agarwal.

Senior officials in the finance ministry said almost the entire 1989 batch of Indian Revenue Service (IRS) officers has been awaiting decision for several months for the promotion.

The letter also comes against the backdrop of Finance Minister Pranab Mukherjee directing the Income Tax Department to make all efforts to achieve the revised collection target of Rs.4,000 billion by the end of this fiscal.

India's direct tax collections have been just Rs.2,500 billion in the first nine months of this fiscal, growing at 8.5 percent over the corresponding period of the previous year. In fact, personal income tax has actually seen a decline of 0.41 percent.

This has obviously made the tax administration jittery.

Senior officials said one of the main ways to enhance tax collections would be by regular sharing of information among the commissionerates and developing a common database. But vacancies at the top slots are frustrating such efforts.

Revenue Secretary Sunil Mitra is also holding an urgent meeting with 18 chief commissioners of income tax here Thursday to review the shortfall in tax collections and find ways to to make it up.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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