« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  Returns filed by realty developers under scrutiny... Notice to firms for claiming service tax abatement... » New body to look into gems and jewellery tax structure July, 12th 2006 The finance ministry has set up an expert body, headed by M R Sivaraman, former Revenue Secretary, to look into the potential of the gems and jewellery industry and make recommendations including tax measures to enable the country to become a hub for this sector.    Finance Minister P Chidambaram had announced the setting up of an expert body to examine the tax structure in gems and jewellery in the Budget.    The body will make recommendations for a taxation system based on the best international practices which will facilitate exports, widen the tax base and secure adequate revenues for the government, minimise the scope for evasion, and facilitate voluntary compliance.    It will also give suggestions to make domestic trade more transparent and for development of skills of Indian craftsmen so that the development in domestic trade could be a catalyst for promoting export of gems and jewellery.