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% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: TDS :: list of goods taxed at 4% :: VAT Audit :: cpt :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
Direct Tax »
 CBDT clears the air on rental incomes from industrial parks, SEZs
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17
  No relief to those who defaulted on 1st IDS installment: CBDT

Contribution of direct taxes rises significantly, Senate body told
May, 14th 2014

The government today said it has clarified on 76 issues related with direct and indirect taxes based on suggestions of Parthasarathi Shome panel that was set up to address the grievances of the industry.

Finance Minister P Chidambaram has discussed these issues and has taken final decisions to remove difficulties faced by tax payers, an official release said.

"The forum identified 29 issues in direct taxes and 47 issues in indirect taxes that merited removal of the obstacles and issue of clarifications or amendment of procedures. These issues were sent to the respective boards for further examination," it said.

The release, however, did not elaborate on the issues that were clarified by the panel.

Further, CBDT and CBEC have also issued several circulars and notifications to pursuant to these decisions, while some others are in the process of being issued.

Some other issues that require changes in law are expected to be addressed in the forthcoming Union Budget, it said.

In July 2013, Finance Ministry had formed the panel under Shome to exchange views between industry groups and government on tax related issues and disputes.

The forum heard views of industry groups and associations and provided the government an opportunity to explain its stand on tax related matters to the industry, the release said.

In its meetings, the forum covered matters related with information technology, manufacturing, infrastructure, services sector including financial services, insurance sector including reinsurance, export sector, international taxation.

The forum was aimed at bringing about clarity in taxation laws, stable tax regime, non-adversarial tax administration, a fair mechanism for dispute resolution, and an independent judiciary to provide assurance to investors.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

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