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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: VAT Audit :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: articles on VAT and GST in India :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd
 
 
Direct Tax »
 CBDT gameplan to enhance TDS collection
 Don't curry political favours for transfers, CBDT tells taxmen
 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

Widening of tax base: E-commerce business on Income Tax radar
May, 27th 2015

The Central Board of Direct Taxes (CBDT) will make every effort to achieve the personal income tax collection target for the current fiscal, its Chairperson Anita Kapur said.

Kapur said CBDT’s intervention will not be limited to technology alone in locating the missing taxpayers. “We will also rely on local information,” she said, adding that CBDT has no immediate plans to abandon “search and seizure” as a tool for tax administration.

Challenging target

The income tax department has been given a “challenging target” on personal income tax collections, representing a 23.03 per cent increase over the actual collections in 2014-15, Kapur said, at the annual conference of Chief Commissioners’ and Directors General of Income Tax here on Monday.

The share of personal income tax in the overall income tax kitty has been on the rise and touched level of 38.9 per cent last fiscal, much higher than 32.9 per cent in the last year.

Kapur said every grievance of taxpayers will get the due attention and be redressed. “We want our taxpayers to be smiling. For us, every tear matters. Even if we have one unhappy taxpayer, we have not reached where we want to be,” she said, adding that the department was committed to providing a “fair, transparent, consistent, responsive and supportive tax regime”.

While the income tax department was “doing ok” on the advance tax front, the trend could have been better on the tax deduction at source (TDS) collection front, the CBDT Chief said, adding that 2014-15 was a “freak year” for TDS and expressed hope that it would again be on track.

Corporate tax

On corporate tax collections, Kapur said the target specified for the current fiscal was achievable.

In 2014-15, total direct tax collections stood at 98.69 per cent of the revised estimate. Actual collections fell short of the revised estimate by ?9,000 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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