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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TDS :: VAT Audit :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

Arun Jaitley asks Income Tax Department to unearth black money at home too
July, 23rd 2014

Finance minister Arun Jaitley has promised a non-adversarial, nonintrusive and transparent tax regime, but said that those evading taxes will be dealt with firmly and asked officials to go all out to unearth black money in the country.

"Officers are duty bound to work in a non-adversarial...fair manner...they have to firmly deal with those trying to evade taxes...The government is making full efforts to bring back the black money stashed abroad but the officers of the department have to make equally serious efforts to unearth black money within the country," Jaitley told income-tax department officials on Monday.

The finance minister said he was confident the government will exceed the direct tax collection target of Rs 7.36 lakh crore.

The income-tax department has drawn up a plan to widen the tax base by going after non-filers, using annual information returns, capturing new information sources such as under-reporting of immovable property and buyback of shares through open offers and exchange of information with other countries through tax treaties.

Addressing the annual conference of chief commissioners and directors-generals, Jaitley said the tax officials' job has become difficult as they not only have to achieve collection targets but also play the role of facilitator for assessees.

Jaitley said the credibility of the department is its biggest asset and officials will have to work with the highest standard of ethics to achieve the tax collection target. Earlier, revenue secretary Shaktikanta Das said senior officers have to find innovative means to achieve their revenue targets and officers of the department have to work as facilitators and achieve targets by using fair and transparent means.

The focus and efforts of the officers of the department should be to reduce tax arrears, which are to the tune of Rs 4 lakh crore, and increase tax recovery, he said. He asked them to reduce tax cases and avoid frivolous and avoidable litigation.

RK Tiwari, chairman of the Central Board of Direct Taxes, highlighted the steps initiated to augment revenue collection, including keeping a close tab on advance tax payments by top taxpayers, TDS payments by top deductors and monitoring payments by entities covered under minimum alternate tax provisions. Tiwari said the board is making all processes IT-enabled to improve efficiency and bring transparency.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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