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: TDS :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India :: form 3cd :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)
 Price Waterhouse gets 2-year ban in Satyam case
 How to save income tax under section 80C
 These four expenditures can help you save tax under section 80C
 How to avoid excess deduction of TDS from salary income
 Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961

Secy panel slams new Saral form
September, 07th 2006
Taking cognisance of the widespread criticism of the finance ministrys decision to introduce a complex, multi-page tax returns form to replace the single-page Saral, a committee of secretaries has criticised the new format and suggested some major changes. The committee, headed by Cabinet secretary BK Chaturvedi, has picked several holes in the new version of the form, and, among other things, recommended the withdrawal of a controversial clause requiring tax payers to provide a detailed cash-flow statement. A note prepared by the committee says, Schedule 5 of the form should be revised by obtaining information relating to exempted income, gifts, loans, etc instead of the detailed cash-flow statement. The note has been forwarded to the Prime Ministers Office. The committee was entrusted with the task of examining the issue following the popular outcry against the new form. Besides coming under attack from the public, the revenue department was also taken to task by the Congress for going ahead with the switchover. The committee favours a more compact form by omitting the detailed calculation procedure, and has recommended that a sample calculation sheet should be distributed along with the main form. This would enable tax payers to incorporate the relevant information without any unnecessary complications. The returns form, the committee noted, should avoid any resemblance to a balance sheet where tax payers are required to enter details of each and every source of income and their expenses at the beginning and end of each financial year. The committee members felt that people are generally wary of parting with such information, and suggested that the department could instead seek information only about transactions that are above a certain amount. The committees recommendations are likely to add to the pressure on the revenue department to withdraw the new form altogether, and come out with a revised one. The department has, much to its dismay, discovered that its new proposal has few takers across the country.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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