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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT RATES :: form 3cd :: due date for vat payment :: list of goods taxed at 4% :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TDS :: empanelment :: VAT Audit :: ACCOUNTING STANDARD
 
 
Direct Tax »
 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
 Banks must furnish information on accounts that have seen deposits over 2.5 lakh: CBDT

Direct tax revenue may exceed target, says FM
July, 23rd 2014

Finance minister Arun Jaitley on Monday said direct tax revenue collections would not only meet the R7.36 lakh crore target set for this fiscal, but also be exceeded.


The Income Tax Department will closely monitor the advance tax payments of top assessees, tax deducted at source by those who make large payments to clients and tax payments made by entities covered by the minimum alternate tax and alternate minimum tax.

At a two-day annual conference of the Income Tax Department, Jaitley told senior officers that they have to work in a non-adversarial, non-intrusive, transparent and fair manner, while at the same time dealing firmly with tax evaders.

An official statement issued by the finance ministry said Jaitley has asked senior officers to focus efforts on unearthing black money within the country, which the minister estimated to be quite large. Efforts to bring back the black money stashed abroad are also under way.

The government has already set up a special investigation team (SIT) headed by former Supreme Court Judge MB Shah to unearth black money stashed abroad.
Revenue secretary Shaktikanta Das urged senior officers to find innovative means to achieve revenue targets, while being fair and transparent. He also asked them to avoid frivolous and avoidable litigation.

Chairman of the Central Board of Direct Taxes (CBDT) RK Tiwari informed that officials collected R6.38 lakh crore in direct taxes last fiscal, against the revised target of R6.36 lakh crore. Direct tax receipts have gone up sixfold over the last decade.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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