Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: ACCOUNTING STANDARD :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt :: VAT RATES :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: due date for vat payment :: form 3cd
 
 
Direct Tax »
 CBDT: GST not to be added for TDS computation
 Five interest incomes you are likely to forget to include in your tax return
 GST not to be added for TDS computation
 GST not to be added for TDS computation
 Income Tax Return (ITR) Filing: Common Mistakes That Could Get You A Tax Notice
 Income Tax department asks tax practitioners to register entities separately
 Last Date To File Income Tax Return. Here Are The Details
 New tax regime will deliver a mixed bag with some items turning costly
 New members at CBEC, CBDT
 CBDT signs 5 more unilateral advance pricing agreements with taxpayers
 Find out potential taxpayers; focus on smaller cities: CBDT to taxmen

I-T brass to discuss non-adversarial tax regime today
May, 25th 2015

Finance Minister Arun Jaitley will address tax commissioners and director generals of income tax at their annual conference in New Delhi today that will deliberate, among other things, on strategies for providing a non-adversarial tax regime.

The two-day conference will also be attended by Minister of State for Finance Jayant Sinha and Revenue Secretary Shaktikanta Das, and addressed by two guest speakers - NITI Aayog vice chairman Arvind Panagariya and Bharat Forge chairman Babasaheb Neelkanth Kalyani, a finance ministry statement said.

"The participants will deliberate on the strategies to achieve the goals of the department in these areas. The participants will also deliberate on matters pertaining to income tax investigations and issues relating to human resource development among others," the statement said.

"The conference will provide an opportunity to senior officers of the Income Tax department to brainstorm and firm up their approach," it added.

The brainstorming session would also outline the measures the department would use to augment revenue collection, advance tax payment and Tax Deducted At Source (TDS) collections.

"They would share their expertise and domain knowledge and learn from each others' experiences to better achieve the department's objective of providing quality tax payer services in a non adversarial manner," the statement said.

"The environment so created is expected to remove barriers to compliance" and lead to a significant increase in the number of tax payers over the year, it added.
The target for revenue collections in case of direct taxes has been fixed at Rs.797,995 crore during financial year 2015-16, which is 14.66 percent higher than the actual collections of Rs.695,988 crore in 2014-15.

At an event in Delhi last month, Jaitley stressed that India's taxation policy has to be non-adversarial and the Narendra Modi government has no intention "to tax people retrospectively".

He said the retrospective tax claims did not paint an image of India as a fair economy in matters of taxation.

"Balance has to be struck. You cannot impose unfair taxation and you cannot have unfriendly contact of revenue department and the assessee," he said.

The Justice A.P. Shah-led three-member committee on direct tax matters would have its first meeting on Monday on the applicability of the controversial minimum alternate tax (MAT) on foreign Institutional Investors (FIIs) for previous years.

 
 
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