Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: form 3cd :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment
 
 
« News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

I-T men to promote merit of paying tax among school kids
June, 15th 2015

The government has asked senior Income Tax (I-T) department officers to individually contribute at least three innovative ideas, to widen the tax base.

A senior official said a direction in this regard was given by Union Minister of State for Finance Jayant Sinha during the recently concluded national conference of directors-general and chief commissioners of I-T department here.

"The idea bank has started receiving entries," the official said.

Sources said once all the officers send in their suggestions, the Central Board of Direct Taxes will compile and place these before Sinha. After deliberations and discussions, they will be put up before Finance Minister Arun Jaitley for clearance and final action.

"The officers, by virtue of their numerous years in service, are one of the best resource people to get ideas on this front. It has been indicated by the government that the best ones (ideas) will be implemented as policy measures in quick time," they said.

According to current data, the taxpayers' base in the country is about four per cent of the total population.

The unique move comes in the backdrop of the government recently, asking the I-T department to take urgent steps to widen the tax base and add at least 2.5 million new assesses every month during the current financial year 2015-16.

"The MoS (Jayant Sinha) is very particular about achieving this target and it is being taken as a very important and ambitious project in the finance ministry, as the success of this programme will ensure unleashing of a host of welfare and other schemes by the government over the next few years," they said.

After directions from the finance ministry, CBDT Chairperson Anita Kapur had recently written to the top brass of the department to step up their work on this front.

"Considering the priorities of the government and the need to widen the tax base, a concerted and focused effort in mission mode is required. We have to strive for adding at least 2.5 million new assesses per month during the current financial year," Kapur had written in her communication to field officers of the department.

Concerned over the very small number of people paying tax on their income in the country, CBDT has been asked to take up this project on a "mission mode".

The conference also enlisted a host of measures including initiation of an increased number of prosecutions against tax evaders in the country to not only check the erosion of the existing tax base but also tap more and more taxpayers and curb the menace of black money as part of the overall strategy of the government.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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