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 :: empanelment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

I-T returns wont tax so much
May, 24th 2007

Do you find filing of income-tax returns worrisome? Now, you no longer need to bother aboutit. The income-tax department has readied a force of 3,737 young graduates who will help you file your returns without leaving the comfort of your home.

It is an attempt by the income-tax department to deliver the services to its constituents right at their doorstep, either at no cost or at a very marginal cost, finance minister P Chidambaram said at a convocation ceremony held for these young graduates or Tax Return Preparers (TRPs)

These TRPs have been trained by IT education company NIIT in partnership with the income department. The course content for the training was provided by Taxmann.

The department will be able to not only generate employment through this unique initiative, but also increase the number of assessees under its umbrella. TRPs, which help the department in getting a new assessee to file a return, will be incentivised. They will get commission mission from the department to assist a new tax payers in filing returns for three years. They could also charge up to Rs 250 as service fee from old assessees.

The government would also assist them in taking loans from banks to buy computers for their work, he said adding that the department would also launch an advertising campaign to popularise the scheme.

Mr Chidambaram hoped that other institutions like insurance and banks would employ TRPs to sell their products. The tax preparer scheme

was announced in Budget 2006-07, with several motives, including increasing taxes.

The minister said TRPs who will be extended arm of the Central Board of Direct Taxes should be able to deter people from evading taxes and increase compliance. He asserted that tax return forms in India were among the simplest in the world and it was a myth to say that these were outdated and complex. Referring to new tax forms, Mr

Chidambaram said ITR-1, meant for individual tax payers, was among the simplest tax returns form and simpler than previous Saral form. He said the new income tax code will be out before the year end.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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