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
Latest Expert Exchange
Direct Tax »
 Three reasons to file income tax returns on time
  New direct tax code may have to wait until 2019
 Direct tax collection grows fastest in 7 years in FY18, courtesy GST; here’s how indirect tax reform helps
 Income Tax: Deadline for filing belated ITR of Assessment Year 17-18 is over
 Income Tax department cautions TDS deductors, says file statements by May 31 or pay penalty
 ITR-4 launched on e-filing portal; total 3 ITRs available now
 CBDT directs income tax department to hold grievance redressal fortnight for taxpayers in June
 Income tax return form-2 in Java format released for e-filing for FY2017-18
 3 ITRs available now ITR-4 launched on e-filing portal
 Businesses, small taxpayers to gain from new direct tax code
 New direct tax code to benefit corporates, income tax payers

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 2018 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