« Top Headlines » Open DEMAT Account in 24 hrs  Budget 2024 makes new income tax regime more attractive: See how much taxes you can now save  ITR filing 2024: New vs old income tax regimes, 6 key things to consider while filing your tax return  These five technical glitches may impact your Income tax return (ITR) filing. Know here  ITR filing 2023-24: How to optimise Section 80D deductions at the time of filing tax returns  ITR filing 2023-24: Top 7 mistakes to avoid for hassle-free income-tax return filing this year  Income tax returns for FY 2023-24: Keep these 8 tax law changes in mind while filing ITR this year  ITR Filing 2024: Know who can and cannot file income tax returns using ITR-1 this year  Income Tax Filing: 10 necessary guidelines that you must be aware of  Why you should file your income tax returns before July 31  What is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR)  Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR? «  I-T may soon get 10,000 more posts... Large tax payer unit to go on stream in Nov... » FM asks tax officials to draw from experience October, 03rd 2006 With revenue collections on a roll, finance minister P Chidambaram has come forward to give senior tax officials his motivation mantra. The FM wants the officials to play a more proactive role in policy making instead of merely clearing files. Mr Chidamabram, who recently held separate meetings with the senior officials of Central Board of Direct Taxes and Central Board of Excise and Customs, asked them to play a more active part in the policy-making process. Instead of acting as just another layer in the file-clearing system, he said the officials should be able to make value addition. Though in the normal course finance ministers always have a formal interaction with the commissioners and director generals under both the boards when he chairs their annual conferences, this kind of informal meeting sans board members is the first-of-its kind. The finance ministers contention is that both the boards should be able to draw from the experiences of the commissioners who come after a stint in field. They should act as a bridge between policy and its implementation process. Instead of getting bogged down by the routine file clearing process, they should be able to act as boards own in-house think-tanks in the policy making process, sources said. Also, on the revenue front, these officials are expected to fill in the boards with their experiences so that new ways and means could be devised to maximise collections.