« Top Headlines » Open DEMAT Account in 24 hrs  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer «  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.