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: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT Audit :: cpt :: form 3cd :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

Tax evasion: FM seeks less invasive steps
July, 28th 2007

Income tax offices throughout the country will remain open on Saturday and Sunday to accept income tax returns. For the benefit of tax payers in Delhi, special arrangements have been made at Pragati Maidan for receiving income tax returns from July 27 to July 31.

However, the department of posts, which was authorised to receive income tax returns in July, 2006, as one-time measure in view of the circumstances prevailing at that time, has been discontinued, said government.

Meanwhile, FM P Chidambaram emphasised the need to accept returns on trust, and to devise less invasive measures to check tax evasion, using more data from AIR (Annual Information Return), BCTT (Bank Cash Transaction Tax), and tax returns filed by individuals.

The department should use data mining in a non-discriminatory way to check tax evasion, he said while addressing the two-day annual conference of chief commissioners and directors general of income tax recently. He asked income tax officers to work hard to bring down taxpayers' grievances.

Chidambaram was confident that during fiscal 2007-08, at the current GDP growth rate of 9%, a growth of 16.3% in direct tax collection would be achieved.

He said, in the area of recovery of tax arrears, significant progress has been made in the last four years. For the first time in over 35 years, the cumulative tax arrears as on March 31, 2007 declined as compared to arrears at the beginning of the financial year.

Filing of e-TDS returns will be compulsory for certain category of taxpayers from September 1.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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