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 :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT RATES :: VAT Audit :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: empanelment
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

Chidambaram wants action plan to sustain tax collections
April, 10th 2007
Inaugurating video conferencing facility today


Mr P. Chidambaram

Buoyed by an upbeat trend in direct tax receipts in 2006-07, the Finance Minister, Mr P. Chidambaram, is to interact with the Chief Commissioners of Income-Tax (CCITs) on Tuesday to chalk out an action plan for sustaining this performance in the current fiscal too.

In a departure from past practice, when CCITs were required to come to headquarters here for such interactions, the Finance Minister would use "the latest video-conferencing facility of the income-tax department from North Block for reaching out to the CCITs at 46 stations across the country."

Hitherto, the I-T department did not have such a video-conferencing facility. "We now have a video-conferencing facility that would enable the Finance Minister to address the cadre-controlling CCITs across the country. He will inaugurate this facility on Tuesday. Group A and Group B cities as well as small towns would be covered," an I-T department official said.

The interaction also comes in the backdrop of the Centre achieving the direct tax collections budget estimate of Rs 2,10,684 crore for 2006-07. This represented a 27.53 per cent increase over the direct tax collections of Rs 1,65,202 crore recorded in fiscal 2005-06.

Official sources said that direct tax collections have topped Rs 2,24,000 crore for fiscal 2006-07 and that the Central Board of Direct Taxes is well on course to achieve the Rs 2,29,272-crore revised target for the same year.

For 2007-08, the Centre has pegged direct tax collections target at Rs 2,67,490 crore. This represented a 26.96 per cent increase to the budget estimate of Rs 2,10,684 crore for 2006-07 and 16.67 per cent increase over the revised estimate of Rs 2,29,272 crore for the same year.

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

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