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: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: form 3cd :: Central Excise rule to resale the machines to a new company :: cpt :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment
 
 
Direct Tax »
 In some instances, filing of income tax return may not be mandatory
 Best 5 Income Tax-Saving SIP plans in India: How To save taxes by Investing in SIPs under 80C
 Tax refund checks are finally in the mail
 Income Tax dues in advance can be paid at RBI or at authorised bank branches by March 2017
 Why you must be looking beyond tax planning
 I-T dept. to lauch app for paying tax
 CBDT to taxman: Step up TDS survey operations to boost collections
 Tax Officers Asked To File Self-Appraisal Report On E-Assessment
 CBDT to taxman: Step up TDS survey ops to boost collections
 Govt to issue exemption list on new tax for unlisted firms
 CBDT issues third round of certificates to tax payers

Taxes will be collected in just and fair manner : FinMin
February, 08th 2013

Finance Ministry today assured taxpayers that efforts would be made to end hostile relationships between officials and assessees and collect revenue in a "just and fair manner".

"Once the tax payer is confident that the relationship between a tax payer and officer is not a hostile relationship, you (tax officers) will find that more and more people have become complaint to tax laws," Finance Minister P Chidambaram said while addressing officials of Central Board of Excise and Customs (CBEC) here.

Chidambaram has been insisting that government needed to follow a non-adversarial tax administration to avoid litigations.

"We will stick to the fiscal targets that the government has fixed for us. We will collect revenues, but again in a just and fair manner," Revenue Secretary Sumit Bose said.

The Finance Ministry is under pressure to improve revenue collection to contain fiscal deficit to 5.3% of GDP in the current financial year.

It is proposing reforms in the direct and indirect taxes. While on the direct taxes side it is working out a Direct Taxes Code (DTC), a bill for which is pending in Parliament, in case of indirect taxes, government is pursuing with the Goods and Service Tax (GST).

Chidambaram also underlined the need for moving ahead on the path of replacing "heavy handed" tax administration with technology driven regime.

Transition from heavy handed tax administration to a technology driven tax administration cannot be smooth, he said, adding, "but we cannot abandon that path".

"As we go forward we should rely more on technology, non-intrusive intelligence gathering, and a non-adversarial tax administration," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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