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: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARDS :: VAT Audit :: cpt :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARD
 
 
Direct Tax »
 Companies must drop retro tax cases to avail settlement scheme: CBDT
 FinMin may review tax regime on long-term capital gains
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961

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