Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: form 3cd :: empanelment :: cpt :: ACCOUNTING STANDARDS :: TDS :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT Audit :: VAT RATES
« Direct Tax »
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today
 Here are a few last-minute tax saving ideas Not planned taxes yet?
 Confessions of a fake CA exposes lacuna in e-filing of tax return
 Greetings from the income tax department
 Scrambling to scrounge proof of tax-saving investment
 5 tips to save your money Do not make this big income tax returns filing mistake
 I-T e-assessment: CBDT notifies new communication scheme
 Which income tax form to use; all you want to know in short and precise manner

I-T Dept takes tax matters to schools
August, 30th 2012

In order to rope in more tax payers and to ensure that people do not evade taxes, Income-Tax officials have been advised to visit schools and pre-degree colleges across the country to impart gyan to the student fraternity about the importance of taxation and the menace of black money in the economy.

The Central Board of Direct Taxes has issued a fresh communiqu, titled Central Action Plan 2012-13, a confidential document which is in the possession of Business Line. The Commissioner Income Tax has been told to depute young and dynamic officials to visit schools to talk to children during morning assemblies on tax and black money issues.

Tax officials have been asked to communicate the importance of taxation through stories, explaining age-old concepts of taxation and their current relevance. In order to make students aware and to ensure that the message reaches their parents, the Central Board of Direct Taxes (CBDT) has hit upon this novel communication strategy.

The schools to be covered include Government, public and convent schools.

A senior I-T official at the Income Tax headquarters in Mumbai confirmed the development to Business Line and said that the practice was in effect for one year. He said officers have been making power point presentations in schools about the nature of taxation, the importance of PAN numbers and the many ways to file I-T returns.

The official said the students response was enthusiastic.

Students at Jamshedji Jeejeebhoy School, Abhyudaya Vidayala and Nirmala Niketan College in Mumbai, among a host of other schools and colleges across the country, have been imparted knowledge about taxation in the last year, the official added.

When asked how the concept of black money is explained, he said, We told the students that black money is not currency notes coloured with a specific dye, but it is money gained by avoiding taxes,.

Though the action plan for this fiscal advises all Commissioner rank officials to depute senior officers to visit schools, student visits to the Income Tax offices have also been organised in batches of 20 to 25 of age group 16-18 years.

When contacted, former MP and Senior BJP leader from Maharashtra Kirit Somaiya welcomed the move by the I-T Department.

In the last century, only when youngsters reached the age of 30 they used to start paying taxes. Today, most people are paying taxes in their 20s and these numbers are growing across cities. Therefore, such measures at the school-level are welcome, said Somaiya.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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