« Top Headlines » Open DEMAT Account in 24 hrs  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing «  Finmin opposes move to shift fiscal goalposts... State FMs, Centre inch closer to blueprint for reducing CST... » FM, VAT panel to work out compensation package August, 25th 2006 Union Finance Ministry and VAT panel will try to iron out their differences over a compensation package in a week's time to enable states to implement phased reduction of central sales tax from October 1. Union Finance Ministry and the Empowered Committee of state finance ministers on VAT have some differences over the compensation package and both sides will try to iron them out, VAT panel Chairman Asim Dasgupta told mediapersons after meeting Finance Minister P Chidambaram. "We are trying hard from both sides to converge to an agreed compensation package. Our meeting in that sense is fruitful. There were some differences of opinion. We are trying to iron out those differences," he said. To this end, Parthasarthi Shome, Advisor to the Finance Minister and VAT Panel Secretary Satish Chandra will work out an agreed compensation package. "In seven days time, we will meet again with an objective to attain convergence to agreed compensation package," he said. When asked how confident he is that CST phase-out would start from October 1, Dasgupta said he is incurably a confident man. Coming out of the meeting, Chidambaram merely said," We need to meet again."