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: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT Audit :: form 3cd :: due date for vat payment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TDS :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
Direct Tax »
 Income Tax Returns (ITR) filing for salaried staff, others: Advance tax payment deadline nearing, pay or face penalty
 To avoid extra TDS, give tax-saving proofs
 TDS on Rent under section 194I of Income Tax Act
 New direct taxes code aims for lower rates, wider base
 Towards a new direct tax system
 Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017
 CBDT asks I-T to slap higher tax rate on fraudulently revised ITRs
 CBDT to accept transfer pricing MAP sans riders
 CBDT relaxes norms for MAP & APAs
 CBDT directs I-T Dept to closely examine all revised ITRs filed after demonetisation
 Non-resident investors get tax relief from indirect transfer rules

Arun Jaitley believes direct tax target of Rs 7.3 lakh crore will be met
July, 22nd 2014

Finance minister Arun Jaitley on Monday said the target for direct tax collection of Rs 7,36,221 crore for the current financial year will be surpassed.

Addressing a conference of senior officials of the income tax department, Jaitley said though the government is making full efforts to bring back the black money stashed abroad, senior officers need to focus their efforts to unearth black money within the country which is also quite large.

"We hope that the revenue targets fixed for direct taxes for the current financial year 2014-15 would not only be achieved but also be surpassed," Jaitley said.

Revenue secretary Shaktikanta Das said to realise the goals on tax collection front, the department will need to reduce tax arrears which are to the tune of Rs 4 lakh crore and target higher tax recovery. He asked tax officials to reduce tax litigation and avoid frivolous and avoidable litigation in this regard.

The Central Board of Direct Taxes enumerated various steps taken to augment revenue collections including monitoring of advance tax payments by top tax papers, TDS payments by top deductors, monitoring tax payments by entities covered under MAT/AMT provisions, appropriate action to tackle default/deferment of payments of TDS/self assessment tax, harnessing impact of revenue augmenting legislation in recent years among others. Other steps taken to augment revenue include widening of tax base by follow-up of Non-filers Monitoring System (NMS) cases.

The government is also enhancing the quality of tax payer services such as early redressal of grievances specially relating to senior citizens, small and marginal tax payers, expanding network of Ayakar Sewa Kendras (ASK). Seventy more such Kendras will be opened in the current fiscal, taking their tally 260.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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