Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft
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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS :: TDS :: VAT Audit :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4%
News Headlines »
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds
 Income Tax department to launch mobile app to make life easy for taxpayers
 6 things to remember while filing your income tax return
 Want to save on tax? Here are deductions you can use while filing ITR
 July 31 Is Last Date For Filing Tax Return. Why Form 26AS Has To Be Checked

The govt`s tax collection arms suffer too many heads
March, 15th 2008
Even as the government has decided to induct private sector executives to head its public sector companies, the two tax collection arms of the central government are facing a curious problem.
Tasked with gathering over Rs 6,87,715 crore (or nearly $168 billion) as revenue receipts in 2008-09, the two agencies the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC) will be headed by a succession of bureaucrats with unusually short tenures.
Consider this: incumbent CBDT chairman R. Prasad, who was given a months extension in view of the Budget, will retire at the end of this month after five months at the helm, just like his immediate predecessor.
From April 1 onwards, the CBDT will see three chairmen in quick succession. P K Misra will have a months tenure, followed by R S Mathoda with two months and N B Singh with seven months.
Thereafter, Sunita Kaila is slated to head the board for two months ending March, 2009. Once Kaila, who will be the only one of these four chairpersons to participate in making Budget 2009-10, retires, a fresh round of musical chairs will begin.
The situation is only slightly better at the CBEC. Incumbent chairman S K Shingal is retiring at the end of this month after a nine-month tenure (his predecessor VP Singh was better off he was in situ for 12 months).
The next in line is P C Jha, who is expected to have a term of 14 months. It is harder to predict things after that.
The last time anyone had a decent tenure as CBDT chairman was Ravikant, who was appointed in 1997 and was in the chair for three years. 
CBDT chairpersons 
* Incumbent R. Prasad - Five months till March-end 
* P K Misra for a month from April 1 
* R S Mathoda for two months 
* N B Singh with seven months 
* Sunita Kaila for two months ending March, 2009 
CBEC chairpersons 
* Incumbent S K Shingal - Nine months till March-end 
* Next in line is P C Jha for 14 months
But this appears to be a tradition of sorts. Since its inception in 1964, the CBDT has had only four chairmen with three-year tenures.
Over the past decade the turnover at the top has increased, leading to tenures of 30 and 60 days, which do not allow an officer to make any real difference.
Officers in the last month of service are generally busy completing formalities and settling their pension details and so on, said a senior Indian Revenue Service officer.
While the short tenures are a direct result of the government following the principle of seniority, the fact is that over the years fixed tenures for bureaucrats have been institutionalised in various arms of the government including key secretary-level positions.
The need for stability at the top is critical in an election year. It is these two agencies tax collection efforts that will provide the government headroom for additional social expenditure and political largesse in the form of farm debt waivers.
But the short tenures mean that journalists tend to ask CBDT and CBEC chiefs all sorts of questions except about their vision. The reason is not hard to fathom.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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